In wide-ranging remarks during a business session with U.S. governors, President Trump yesterday repeatedly broached the topic of international trade. The president reiterated his commitment to working on fair and reciprocal trade deals and highlighted specific trade issues:

  • Mexico – “You know, with Mexico … we probably lose $130 billion a year…. And, at some

Upon the conclusion of the fifth round of renegotiations of the North American Free Trade Agreement (NAFTA), U.S. Trade Representative Robert Lighthizer issued the following statement:

“While we have made progress on some of our efforts to modernize NAFTA, I remain concerned about the lack of headway. Thus far, we have seen no evidence that

The Office of the U.S. Trade Representative (USTR) has released an updated summary of U.S. objectives for the renegotiation of the North American Free Trade Agreement (NAFTA). The new objectives update the previous objectives published in July (see our July 18, 2017 update), and come after four rounds of negotiations among the United States,

After four rounds of negotiations, the United States, Canada and Mexico are beginning to express frustration concerning the discussions and proposals to revise and update the North American Free Trade Agreement (NAFTA). In an October 17 joint statement, the parties indicated that they have put forward “substantially all initial text proposals” but that these

House Speaker Paul Ryan (R-WI), Senate Majority Leader Mitch McConnell (R-KY), Treasury Secretary Steven Mnuchin, National Economic Council Director Gary Cohn, Senate Finance Committee Chairman Orrin Hatch (R-UT) and House Ways and Means Committee Chairman Kevin Brady (R-TX) issued a joint statement yesterday on tax reform in which they announced that the controversial proposal for

U.S. Trade Representative Robert Lighthizer has released a detailed and comprehensive summary of the negotiating objectives for the renegotiation of the North American Free Trade Agreement (NAFTA). In a brief statement upon the release, Lighthizer stated that the Trump administration will seek an agreement “that reduces the U.S. trade deficit and is fair for

In response to President Trump’s Executive Order 13786 (see our update of April 3, “Executive Order Calls for Omnibus Report on Significant Trade Deficits”), the governments of Canada and Mexico have filed formal comments with the Department of Commerce ahead of the public hearing to be held on May 18, 2017.

While Mexico’s