WASHINGTON (Reuters) - U.S.-Mexico talks to craft an agreement on new auto industry rules under the NAFTA trade pact are poised to continue into next week, Mexico’s economy minister said on Thursday, as friction persists over the threat of more restrictive U.S. import rules. Mexico's Economy Minister Ildefonso Guajardo arrives at the U.S. Trade Representative's office in Washington, U.S., August 23, 2018. REUTERS/Chris Wattie Since restarting last month, talks have focused on settling differences between the two sides over U.S. President Donald Trump’s complaint that the North American Free Trade Agreement has undercut U.S. manufacturing to Mexico’s benefit. Trump has threatened to withdraw from the 24-year-old trade pact between the United States, Mexico and Canada if it is not reworked to the advantage of U.S. workers. He hopes to reduce the U.S. trade deficit with lower-cost Mexico and claw back jobs, particularly in the auto industry. … [Read more...] about U.S.-Mexico NAFTA talks seen running into next week, autos unresolved
New mexico state investment council
Mexico says pushing for NAFTA deal, autos still a sticking point
WASHINGTON (Reuters) - Mexico’s economy minister said on Thursday he was pushing for a quick deal with U.S. officials in the renegotiation of the North American Free Trade Agreement (NAFTA), with a breakthrough on new rules for auto production still elusive. FILE PHOTO: Mexico's Economy Minister Ildefonso Guajardo at a news in Mexico City on May 1, 2018. REUTERS/Henry Romero/File Photo Since restarting last month, the talks have focused on settling differences between Mexico and the United States at the center of U.S. President Donald Trump’s complaint that NAFTA has undercut U.S. manufacturing to Mexico’s benefit. Trump has threatened to withdraw from the 24-year-old trade pact between the United States, Mexico and Canada if it is not reworked to the advantage of the United States. He hopes to reduce the U.S. trade deficit with lower-cost Mexico and claw back jobs, particularly in the auto industry. “The idea is to do our best to finish this … [Read more...] about Mexico says pushing for NAFTA deal, autos still a sticking point
Mexican election spells uncertainty for foreign energy investments
By Katherine Blunt Published 8:29 am, Monday, July 2, 2018 Photo: Rebecca Blackwell, STF / Associated Press Image 1of/1 CaptionClose Image 1 of 1 Mexican president-elect Andres Manuel Lopez Obrador campaigned on promises to roll back aspects of the country's 2013 energy reforms, but he recently expressed a greater openness to foreign investment. Mexican president-elect Andres Manuel Lopez Obrador campaigned on promises to roll back aspects of the country's 2013 energy reforms, but he recently expressed a greater openness to foreign investment. Photo: Rebecca Blackwell, STF / Associated Press Mexican election spells uncertainty for foreign energy investments 1 / 1 Back to Gallery Nothing is certain in the wake of Sunday's landslide election in Mexico, analysts and experts say, particularly the approach … [Read more...] about Mexican election spells uncertainty for foreign energy investments
G.M. Says New Wave of Trump Tariffs Could Force U.S. Job Cuts
Sections SEARCH Skip to content Skip to site index Business Day Subscribe Log In Subscribe Log In Advertisement Supported by ByTiffany Hsu June 29, 2018 General Motors warned Friday that if President Trump pushed ahead with another wave of tariffs, the move could backfire, leading to “less investment, fewer jobs and lower wages” for its employees. The automaker said that the president’s threat to impose tariffs on imports of cars and car parts — along with an earlier spate of penalties — could drive vehicle prices up by thousands of dollars. The “hardest hit” cars, General Motors said in comments submitted to the Commerce Department, are likely to be the ones bought by consumers who can least afford an increase. Demand would suffer and production would slow, all of which “could lead to a smaller G.M.” The president has promoted tariffs as a way to protect American businesses and … [Read more...] about G.M. Says New Wave of Trump Tariffs Could Force U.S. Job Cuts
New Safety Tech Is Actually Making It Easier Than Ever To Total Your Car
Good morning! Welcome to The Morning Shift, your roundup of the auto news you crave, all in one place every weekday morning. Here are the important stories you need to know so you can one-up the insufferable know-it-alls at dinner. 1st Gear: The Tech That Keeps You From Totaling Your Car Might Actually Total It Easier In A Crash How’s this for a catch-22? Automakers are including more complicated safety features such lane departure warning systems, automatic emergency braking and more airbags that are intended to keep you safe in the event of a crash, or in some cases, keep you from crashing entirely. But if you do crash, your car’s probably going to get totaled a lot easier, as modern-day safety features are a lot more expensive. Senior vice president of insurance underwriter Risk Theory Bob Tschippert told Automotive News: In the past, if you had a front-end collision, you had damage to the engine or the front end. But now, with the number of airbags that can … [Read more...] about New Safety Tech Is Actually Making It Easier Than Ever To Total Your Car