US Trade Rep. Lighthizer: Mexican labor laws need to be addressed in NAFTA renegotiations

Eren Sengezer FXStreet

Speaking in front of a panel of lawmakers on Capitol Hill, U.S. Trade Representative Robert Lighthizer said that Mexican labor laws need to be addressed in NAFTA negotiations.

Key quotes (via Reuters):

Very troubled about Ford plan to move some production to China
If Ford's plan was motivated by 'non-economic' factors, administration could take action
Administration has a high priority to not disrupt sales of agricultural products to Mexico or Canada
Value added taxes create an unfair advantage in terms of trade

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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