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USMCA Currency Provisions Set a New Precedent

The US-Mexico-Canada Agreement contains provisions on macroeconomic and exchange rate policies for the first time in a trade agreement. By setting a precedent, the Trump administration is likely to insist on similar commitments in future trade negotiations.

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NAFTA milk

Will the U.S. and Canada Cry Over Spilled Milk in NAFTA?

Production limits and price-setting means Canadian milk drinkers pay significantly more than they would in a free market. Conversely, for certain lucrative and in-demand dairy product ingredients, Canadian dairy boards have set prices at or below international market prices. U.S. and other global dairy farmers have argued this offers Canadian exports an advantage in third markets, while driving global prices and farm receipts down. Will NAFTA 2.0 change any of this?

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The U.S. Beef Industry Will Take NAFTA Well Done

The implementation of NAFTA has allowed U.S. beef trade to flourish, and the efficient supply chains developed under NAFTA have also helped the U.S. beef industry become more competitive in Asia.

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Trade Promotion Authority: Driving Trade Deals on the Fast Track to Congressional Approval

A May 17 NAFTA deadline has been in the news. That's because Congressional leaders have advised the Trump administration that the deal needs to get done soon in order to have a vote on NAFTA 2.0 in this Congress under so-called “fast track” voting procedures. There are all sorts of steps on the timeline built into the Trade Promotion Authority legislation (TPA) for expedited approval of trade agreements. Here’s a short version of the history, context, and essentials of how it all works.

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Breaking the status

Investor-State Dispute Settlement Faces Hurdles on the Road Ahead

The United States has a long history of advancing the rules-based order and, as a practical matter, has never lost a dispute arising from one of its many investment agreements. But investor-state dispute settlement procedures may not have a future.

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All the World Treasures an Heirloom – Tomato, That Is

Farmers markets are a great way to shop fresh and seasonal, but if you can't get there, you can still find an increasingly impressive selection of tomatoes at your local grocery store. To meet year-round demand, the business of the heirloom tomato has grown global.

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Brewer at the manufacture

Tariffs Could Bring American Craft Beer Exports Down From Their High

American craft breweries sold 482,309 barrels valued at $125.4 million to customers overseas in 2017. Over half of those exports went north to our good beer-drinking friends, the Canadians. Mexican brewers are the largest customer for American barley. If NAFTA negotiations don't go well, we may all see the cost on our tab.

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Investor-State Dispute Settlement: What Accounts for the “Special” Process?

Trade rules typically cover a category of goods or services and affect all firms engaged in trade. Investment disputes, on the other hand, are usually about a state's treatment of an individual enterprise.

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Chocolate: Mexico’s Gift from the Gods

North America has a sweet relationship -- we are each other's largest trading partners in chocolate.

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which came first

Which Came First, NAFTA or Avocado Toast?

Before NAFTA went into effect, Americans ate around one pound of avocados per person each year. Today, 82 percent of the avocados we consume in the United States arrive here from Mexico.

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