NAFTA

Carson Frame / TPR News

More than two decades ago, the North American Free Trade Agreement (NAFTA) was signed at the German-English School on South Alamo Street in San Antonio. On Friday, U.S. Representatives William Hurd  and Henry Cuellar held a meeting at the Pearl Stable, where they shared their hopes for modernizing the agreement. 

From Texas Standard:

President Donald Trump has called the North American Free Trade Agreement "the worst trade deal in the history of the world." But a group of Texas business leaders begs to differ. In a step toward preserving what works about NAFTA, the Texas Association of Business and Texas Business Leadership Council have formed the Texas-Mexico Trade Coalition.

From Texas Standard:

During the 2016 presidential campaign, Donald Trump famously criticized NAFTA as the “worst trade deal ever signed in this country.” President Trump is now taking a somewhat softer line on NAFTA. A draft letter from the White House emerged this week that indicates the administration wants to re-negotiate the trade agreement with Mexico and Canada, leaving some provisions in place, while seeking changes to others. The document contains few details, but it does indicate that the president would like the ability to impose tariffs on some imported products. Re-opening NAFTA negotiations would require Congressional approval.

Mexico Consul General Carlos Gonzalez Gutierrez told state lawmakers Monday that Texas has more to lose than any other state if  President Trump keeps his promise to overhaul NAFTA. 

Gutierrez also told members of the House Committee on International Trade and Intergovernmental Affairs there are areas Mexico is willing to negotiate.

Billie Greenwood/Flickr (CC BY 2.0)

 

 

Listen to the broadcast story here:

A new pickup truck comes off the line nearly once a minute at Toyota’s San Antonio factory.

The Japanese automaker set up in Texas more than a decade ago to be closer to truck-buyers—and to take advantage of cross-border trade.

“The fact that it’s close to the NAFTA corridor,” says Toyota Motor Manufacturing Texas spokesman Mario Lozoya “ I’m not saying that’s the only reason why it’s here, but it’s a factor.”

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