Still causing jenners in the auto market for obvious reasons as of the end of april the United States had a total trade value with mexico of just over 203000000000. 00 which the us accounted for importing 58 percent of that total this imbalance has put the us at a nearly 31000000000. 00 deficit with mexico just in 2019 i want comes to autos the contrast is even more stark with 2 of the 3 top imports to the u. S. Being Motor Vehicles and car parts respectively through the end of april this sector accounted for more than 21000000000. 00 worth of imports according to data from the u. S. Census bureau so while automakers can get a gasp of relief for now what could a scenario a terrorist look like in a sucher so reliant on trade here to help us break it all down is lauren fix the car coach lauren welcome back lauren autos were the major stakeholder considered at risk in this sort of contrived convers confrontation even more than agriculture because of the. A multinational nature of car prod
President donald trump issues a quickly contested declaration of victory on friday night mexican and u. S. Officials issued a joint statement on migration issues mr trump soon tweeted that the terrorists who threaten to impose on mexican goods were here by indefinitely suspended the New York Times quickly pointed out that the agreement mostly repackaged or accelerated previous mexican commitments no reference can be found in the text of the agreement for mr trumps claim that mexico committed to major new purchases of u. S. Agriculture products mr trump also signaled he may need a new his Terror Threats over migration issues in the future president Manuel Lopez Obrador reacted to the agreement. Im very satisfied with the deal that was reached with the United States very happy because hes avoided a crisis an economic Financial One where it was no small thing to represent. Even the ones we dont see eye to eye with the impact. Would result from the tariffs. And although tariffs on mexico h
York times quickly pointed out that the agreement mostly repackaged or accelerated previous mexican commitments no reference can be found in the text of the agreement for mr trumps claim that mexico committed to major new purchases of u. S. Agriculture products mr trump also signaled he may need a new his Terror Threats over migration issues in the future mexican president Manuel Lopez Obrador reacted to the agreement. Im very satisfied with the deal that was reached with the United States very happy because hes avoided a crisis an economic Financial One when it was no small thing to represent as economists even the ones we dont see eye to eye with the impact that would result from the tariffs. And although tariffs on mexico have been avoided for the time being the threat still looms and this is still causing jitters in the autumn. Good for obvious reasons as of the end of april the United States had a total trade value with mexico of just over 203000000000. 00 of which the us accounte
commitment to implementing phase one of the u.s. china trade deal what was the need for that well because as we have reported inside that deal is a disaster related clause that clause would allow china to avoid repercussions even if they cannot meet the target of purchases of u.s. goods and services for 2020 it s a pretty big deal and that is why friday president trump and president xi both expressed confidence in china s strength and resilience in confronting the corona virus outbreak according to the white house the 2 presidents quote agreed to continue extensive communication and cooperation between both sides they also noted the great achievement of the recent united states china phase one trade deal and reaffirm their commitment to its implementation in quote which on its officials have been hoping that the u.s. will agree to at least some flexibility on the pledges of that deal and bet it s actually fascinating here because of that disaster clause it s almost like we re
a when he completed phase one of the trade deal and he s ready to move on and count on him being hard on the chinese to say i expect you to keep up with it even with that clause absolutely. and over the years china has become the manufacturing hub for american european korean and japanese automakers the country produces more vehicles than anywhere else in the world and is the largest market for sales china alone exports more than $70000000000.00 in car parts and accessories each year but the provisions taken to control the spread of the coronavirus will likely take a toll on the auto industry for instance listen to this toilet of the world s 2nd largest automaker said they will keep auto production in china closed through the 16th of february south korean giants and hyundai will hold their factories until the same date and honda s plant what were turned operation until the 13th of february now according to s. and p. global ratings the coronavirus could cause an overall cut in