NAFTA | KERA News

NAFTA

From Texas Standard:

Even though the Texas Legislature failed to pass measures to reform property taxes or the school finance system during the regular and special sessions, the Federal Reserve Bank of Dallas says the Texas economy continues to grow at a solid pace.

Comptroller Glenn Hegar is the chief tax collector, accountant and revenue estimator for the state government. Among his responsibilities is providing the legislature with an estimate of state revenue before each regular legislative session.

 

NAFTA Renegotiations Begin This Week

Aug 16, 2017

From Texas Standard:

As the U.S., Mexico and Canada begin renegotiating the North American Free Trade Agreement, or NAFTA — an agreement that President Donald Trump famously promised to end — American businesses have doubled down on the argument that NAFTA has been good, on balance, for everyone.  

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.

Amid deep strains in the U.S. relationship with Mexico, a country that's been a favorite target of President Trump, Secretary of State Rex Tillerson and Homeland Security chief John Kelly took part in talks in Mexico City on Thursday that were aimed at smoothing out tensions.

"That's going to be a tough trip," the president said Thursday morning at the White House. Some of the key issues between the two countries: immigration, border security, trade and U.S. aid to Mexico.

Garland Reiter is one of the people behind the rise in imported food from Mexico.

His family has been growing strawberries in California for generations and selling them under the name Driscoll's. Today, it's the biggest berry producer in the world.

Kevin Lamarque / Reuters

In their first face-to-face meeting, President Donald Trump and Canadian Prime Minister Justin Trudeau discussed free trade and immigration Monday afternoon at The White House.

President Trump has gotten off to a rocky start with one NAFTA partner — Mexico. On Monday, he turns to the other partner, Canada, when he hosts Prime Minister Justin Trudeau at the White House.

Hundreds of billions of dollars of trade pass between Canada and the U.S. each year, $540 billion in 2015 alone. Yet Trump has called NAFTA the worst trade deal ever and is threatening to rip up or at least renegotiate it.

President Trump's threats to disrupt trade with Mexico aren't just worrying people south of the border.

Each time Trump attacks the North American Free Trade Agreement, known as NAFTA, the executives at a 130 year-old railroad company in Kansas City, Mo., hold their breath. Like a lot of U.S. companies, cross-border trade accounts for a lot of Kansas City Southern's business.