The Potential Economic Benefits for Texas of a Free Trade Agreement between the United States and the European Union
Report Published on February 16, 2013Import and export activity is an essential aspect of optimizing economic performance. By allowing each nation to focus resources on those goods and services where it has a competitive advantage and import other products, foreign trade helps improve business conditions and quality of life around the globe.
- Tags:
- EU,
- Euro,
- Europe,
- European Union,
- free trade,
- trade,
- trade agreement,
- trade deal
Tariffs to the South
Column Published in syndication June 05, 2019President Trump has threatened to impose 5% tariffs on all goods from Mexico on June 10 if Mexico does not take action to slow the number of immigrants at the border. As I am writing, he has vowed to continue to escalate the levies to 25%, Mexico has threatened to retaliate, and Congress has announced that it will stop them with enough votes to override a veto. Who knows what the status will be when you are reading this? Even if the situation is resolved, the threat of such action increases uncertainty and makes it more difficult to finalize a replacement for the North American Free Trade Agreement. If the tariffs actually go into effect and are maintained, it would cost hundreds of thousands of US jobs.
- Tags:
- free trade,
- Mexico,
- NAFTA,
- tariffs,
- trade,
- US-Mexico border