NAFTA outdated, needs modernization By Rick Redding “The USMCA takes many important steps to modernize the agreement to reflect today’s global and digital economy.” —Matthew Shay, president and CEO, National Retail Federation “The new pact guarantees that virtually all U.S. exports will enter these markets tariff-free.” —Letter to Congress from
NAFTA
White House doubles down on tariffs as a weapon in trade talks
By David Rauf
Last year, the U.S. imposed new duties on steel and aluminum imports from Canada and Mexico, prompting the Mexican government to react with its own set of retaliatory tariffs that ended up having an impact on some U.S. direct sellers that sell health supplements.
“If China wants to restrict anything coming from the U.S. or tax any company it sees fit from the U.S., it could do that very easily. In that scenario, what’s going to happen is that the cost is going to be absorbed by the company or passed on to the consumer.”
—Rafael Miner, partner, Miner Group Consulting