Former Mexican ambassadors to the U.S. and a former U.S. ambassador to Mexico expressed anxiety that Mexico is not able to capitalize on the move to nearshore or friendshore for a variety of reasons.
USMCA
The U.S.-Mexico-Canada agreement is a free trade agreement between the three countries, also known as CUSMA in Canada and T-MEC in Mexico. Replacing the North American Free Trade Agreement (NAFTA) in 2020, the agreement contains a unique sunset provision where, after six years (in 2026), any of the three parties may decide not to continue the agreement in its current form and begin a period of up to 10 years where USMCA provisions may be renegotiated.
At a joint press conference in Ottawa, U.S. Trade Representative Katherine Tai and Canadian trade minister Mary Ng did not reveal any agreements on trade irritants, but emphasized that they can work out their differences with the trust they share and the strong relationship between the neighboring countries. It was Tai's first trip to Canada since becoming USTR, and she had a full schedule planned, meeting with small businesses, labor groups, and touring a General Motors facility in Markham, Ontario.
CBP issued the following releases on commercial trade and related matters:
CBP issued the following releases on commercial trade and related matters:
In a daylong hearing about how to deal with the distortion Chinese industrial policy creates in world markets, American witnesses recommended dramatic changes to government policies aimed at divorcing China from the U.S. economy, and not just in sensitive technologies, but also in consumer goods, such as cell phones and tablets or electric vehicle components. All were speaking on trade issues to the U.S.-China Economic and Security Review Commission April 14. The commission's mandate is to report to Congress on the national security implications and impact of the bilateral trade and economic relationship between the United States and China, and its members are appointed by Republicans and Democrats in Congress.
A wide variety of trade groups told the Commerce Department that while they know the administration doesn't intend to tackle tariffs as part of its negotiations with Asian countries, they think offering to lower tariffs on U.S. goods would be the best way to get ambitious commitments in the region, and many said reconsidering the re-named Trans-Pacific Partnership is better than the conceived Indo-Pacific Economic Framework.
CBP posted more documents ahead of the March 31 Commercial Customs Operations Advisory Committee (COAC) meeting:
The Customs Rulings Online Search System (CROSS) was updated March 9. The following headquarters rulings were modified recently, according to CBP:
CBP issued the following releases on commercial trade and related matters:
The Customs Rulings Online Search System (CROSS) was updated March 2. The following headquarters rulings were modified recently, according to CBP: