Tag Archives: trade

Collision Course – Trump, Mexico, NAFTA

Posted on 15 November 2016 by Ken Zino

Despite what appears to be Trumps ill-informed trade views – if they are informed at all – CAR using data, not diatribes, observes that the major reason for this rapid growth of the auto industry in Mexico comes from the injection of $13.3 billion in investment to move 3.3 million units of vehicle capacity from Japan, Germany, and South Korea to Mexico Continue reading →

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U.S. Trade Deficit with Korea Highest on Record under FTA

Posted on 3 April 2013 by Ken Zino

The U.S. trade deficit with South Korea reached its highest level in history just ten months into the controversial trade agreement, according to the latest data released by the U.S. International Trade Commission. During January the deficit with South Korea was at -$2.4 billion — the largest monthly deficit with Korea on record. Continue reading →

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NAFTA Trade Up in June to $83 Billion. Vehicles Post Big Gains

Posted on 28 August 2012 by Ken Zino

Trade between the United States and its North American Free Trade Agreement or NAFTA partners, Canada and Mexico, increased 6.6% in June 2012 compared to the year earlier period as measured by surface transportation. This means that $82.6 billion worth of goods traversed the NAFTA zone. Adjusted for inflation and exchange rates, the June 2012 total was $61.0 billion in 2004 dollars, up 11% from June 2011 according to the Bureau of Transportation Statistics of the U.S. Department of Transportation. Continue reading →

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Saab Files for Bankruptcy. It’s All Over Except for Mourning

Posted on 19 December 2011 by Ken Zino

The end of Saab was practically assured last Saturday when General Motors reiterated a long-standing position against Saab transferring GM intellectual property to the Chinese and having Chinese companies build a rebadged Cadillac SRX as a Saab in China. GM is the largest automaker in China, albeit with communist government dictated partners. Continue reading →

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Obama Administration Submits Controversial FTAs to Congress. Largest Loss of Jobs since NAFTA Coming?

Posted on 4 October 2011 by Ken Zino

The AFL-CIO said the “The Korea agreement is the largest offshoring deal of its kind since NAFTA. If enacted, it likely will displace 159,000 U.S. jobs, mostly in manufacturing. And its glaring loopholes would allow unscrupulous businesses to import illegally labeled goods from China and possibly even from sweatshops in North Korea—potentially without any tariffs at all.” Continue reading →

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Ford of Europe CEO Stephen O’Dell Calls for a Comprehensive Industrial Policy and Rejection of Korean FTA

Posted on 1 July 2011 by Ken Zino

Odell also criticized a proposed Korean trade agreement, which in a different form is also controversial in the U.S. However, Ford in the U.S. supports a pending Korean FTA, which is opposed by all major U.S. unions except for the United Autoworkers. A Ford spokesperson was unable to explain the disparity in the conflicting positions. Continue reading →

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UAW Defends Korean FTA as Other Unions Protest Deal

Posted on 20 December 2010 by Ken Zino

In a late Friday afternoon e-mail to its members and supporters, the United Auto Workers Union defended its endorsement of the revised and still controversial Korean FTA or so called Free Trade Agreement. The defense came after the heads of … Continue reading →

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AFL-CIO Rejects Korean FTA. New Trade Policy Called For

Posted on 10 December 2010 by Ken Zino

The proposed Korean Free Trade Agreement (FTA) with the U.S. should be rejected by the Congress because its investment and government procurement provisions will encourage “offshoring,” according to AFL-CIO President Richard Trumka. His statement came after the Detroit Three auto companies … Continue reading →

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