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Policies. He spoke at an event hosted by the council on Foreign Relations in new york city. This is one hour. Good afternoon. Welcome todays counsel on international economics. Im neil irwin at the New York Times and author of a new book called health when in a winner take world and i preside over todays discussion. Great honor to have Jerome H Powell with us today and the 16th person to chair the board of governors at the Federal Reserve system and joins us today for the World Economy and previously he was a fed governor that he worked in Bipartisan Policy Center and u. S. Treasury department and we begin with a few remarks by german powell. ....
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 o ....
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 t ....