US Trade Rep. Lighthizer: Mexican labor laws need to be addressed in NAFTA renegotiations

Speaking in front of a panel of lawmakers on Capitol Hill, U.S. Trade Representative Robert Lighthizer said that Mexican labor laws need to be addressed in NAFTA negotiations. 

Key quotes (via Reuters):

  • Very troubled about Ford plan to move some production to China
  • If Ford's plan was motivated by 'non-economic' factors, administration could take action
  • Administration has a high priority to not disrupt sales of agricultural products to Mexico or Canada
  • Value added taxes create an unfair advantage in terms of trade

Kansas Fed: Manufacturing activity expanded further with strong expectations for future activity

"Tenth District manufacturing activity expanded further in June, and expectations for future activity remained strong while price indexes were mixed,
Đọc thêm Previous

USD/CAD drops further, approaches 1.3200

The Canadian dollar is among the top performers in the market on Thursday supported by economic data and by a recovery in crude oil prices. USD/CAD...
Đọc thêm Next