What's happening in US





How fundamentals of shipping to and from North America changed more in 10 years than in the previous 50

Back in 2006, Maritime Hall of Fame laureate Ron Widdows, then CEO of APL, made the entirely conventional prediction that congestion at the ports Los Angeles and Long Beach would soon become so bad that another gateway must be found to avoid a "cargo crunch".

All eyes, including Hong Kong global terminal operator Hutchison Ports' and Maersk's APM Terminals plus SSA Marine, saw Lazaro Cardenas, an obscure Mexican port 1,800 miles south of LA, as the needed safety valve, given the growth of the galloping China trade. The deep water port's big plus was that it was linked to the Kansas City Southern Railway that would take overflow cargo up through Laredo, Texas, up to Chicago for further dispersal.

With Sino-American trade peace, Canadians stand to lose out because more US exports to China mean fewer from Canada

Canada is better known to readers of the financial pages because that Peaceable Kingdom makes little in the way of calamitous sensational news itself. Yet Canada, a G7 country, is important with its bilateral merchandise trade with China totalling nearly US$100 billion annually, and that having nearly doubled in the last decade, according to Statistics Canada.

Its two top trading partners are the US and China and it lives in dread that its high reputation on the financial pages will diminish if a permanent peace breaks out after the Sino-American trade war, and China is forced to buy so much more from the US that it reduces what it buys from Canada.

China sees new opportunity in investing in Mexican auto parts factories under United States-Mexico-Canada Agreement

The impact of the dread coronavirus has a negative impact on China's trade with Mexico, which, unnoticed has grown enormously in recent years. Chinese investment in Mexico’s auto parts sector alone, increased by almost 350 per cent between 2008 and 2018 to just over US$6 billion. And now, with the signing of the New NAFTA deal, more properly known as the United States-Mexico-Canada Agreement (USMCA), it is now poised to grow much larger still. The USMCA will soon trigger an invasion of Chinese auto parts manufacturers into Mexico, according to three experts. Ratified by Mexico in December and the United States Senate in January,, USMCA stipulates that 75 per cent of automotive content must be made in the three countries to qualify for a tariff-free ride.

New NAFTA - United States-Mexico-Canada Agreement - changes the rules of North American trade

The New NAFTA, otherwise known as the United States-Mexico-Canada Agreement (USMCA), started as a 2016 presidential election promise, which became the 2017-2018 renegotiation of the North American Free Trade Agreement (NAFTA).

The result of the now completed trade deal, while not quite as revolutionary as its author US President Donald Trump would have us believe, it does make substantial evolutionary changes to the trade relations between these three countries.

The trade pact's very name no longer restricts it to the northern half of the Northern Hemisphere and might well include the post Brexit United Kingdom at a later date.


U.S. Trade Specialists

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Mar, 2020

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China Trade

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Dec, 2019