Thursday, 14 December, 2017

Mexico's foreign minister keen to start NAFTA talks in US

Erik Tate | 13 May, 2017, 10:29

"Though Congress has the ultimate responsibility for reforming USA sugar policy to better serve American consumers and all stakeholders in the supply chain, we look forward to working closely with USTR to target and eliminate unfair policies and subsidies that limit the competitiveness of American manufacturers working hard to compete in the global economy", the trade group said.

"As the Trump Administration's trade policy strategy develops, we want to build upon the USA government's past successes in pushing back against the EU's global GI agenda", said Tom Vilsack, president and CEO of USDEC. But in spite of the potential legal landfalls, the Senate decided that it was high time to install the chief USA trade representative, and confirmed Lighthizer by a landslide.

The research says roughly 68 percent of Democrats ad 30 percent of Republicans hold a positive position about NAFTA in the U.S. "America's food and beverage industry manufacturers - companies large and small from coast to coast - are affected by USA trade agreements and trade-related policies, chief among them US sugar policy".

He also has been an outspoken commentator on trade issues, giving speeches and writing articles for The New York Times and other publications, as well as providing testimony to key congressional committees, the U.S. China Economic and Security Review Commission, and other government agencies with responsibility for trade policy.

The appointment of Lighthizer, a corporate lawyer and former deputy USA trade representative in the Reagan administration, was confirmed yesterday (11 May) in a vote of 82-14.

"We welcome Mr. Lighthizer's confirmation because of his grasp of global trade rules and understanding of the importance of balanced trade agreements to the USA dairy sector", said NMPF President and CEO Jim Mulhern.

According to the US Chamber of Commerce, 14 million US jobs depend on trade with Canada and Mexico.

Stock within Traders Concentration: Tribune Media Company (TRCO)
Bank Of Nova Scotia increased Chevron Corp New (NYSE:CVX) stake by 140,527 shares to 626,614 valued at $73.75 million in 2016Q4. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by $0.14.

But Lighthizer has been a harsh critic of China's trade practices, and is a well-known sceptic of NAFTA, the North American Free Trade Agreement.

Drawing from experience in trade law and his work in the Reagan administration in countering Japanese imports, Lighthizer will likely try to force China and other competitors to end what the Trump team sees as unfair trade.

Just two years ago, a solid bipartisan majority still supported free trade. Recently, he worked outside of government as a lawyer pushing for better trade treatment of US industries, like manufacturing and high-tech.

Only three Republicans voted against Lighthizer, and Sen.

For the poll, Pew surveyed 3,500 people in Canada, Mexico, and the United States.

As a lawyer, Lighthizer has always been critical of China's steel dumping.

"Right now, we're in a tough patch, and we're trying to get a trade policy squared away", Roberts said.

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