The day after voting to impeach President Donald Trump, the House approved his top 2019 legislative priority by advancing the U.S.-Mexico-Canada trade accord, Bloomberg News reports. The bill to replace the current North American Free Trade Agreement passed the House on a 385-41 vote, with strong bipartisan support less than 24 hours after Democrats and…
The Trump administration’s position on the free trade agreement (FTA) known as NAFTA is crystal clear: it is considered a “bad deal.” What’s less clear is how any action taken by the administration will impact cross-boarder commerce. The Trump administration has said it will renegotiate or pull out of NAFTA to preserve U.S. jobs. Electronics…
U.S. companies will likely be hurt—rather than helped—by President-elect Donald Trump’s promise to nullify the Trans-Pacific Partnership (TPP), trade and freight experts say. While U.S. manufacturers may find it easier to compete domestically, cancelling the TPP will make it harder to export to some of the fastest-growing consumer markets in the world. “You could call…
(This is the first of two articles examining the challenges companies face regarding international trade and the results of the KPMG Thomson Reuters 2016 Global Trade Management survey) Trade has become a hot-button political issue in 2016 thanks to Brexit and the Trans-Pacific Partnership (TPP). Even before these extraordinary developments, international businesses have been struggling to…