U.S. imports from 14 low-cost countries in Asia declined by $143 billion last year.
April 25, 2024
CHICAGO—Continuing the reshoring trend of the past few years, U.S. companies are increasingly importing goods made closer to home and relying less on goods from low-cost countries in Asia.
SILAO, Mexico—Workers at two General Motors’ assembly plants here voted for a new independent union to represent them after ousting an old guard union last year, according to results announced Feb. 3.
WASHINGTON, D.C — President Donald Trump last Wednesday signed into law a major rewrite of the rules of trade with Canada and Mexico that will soon replace the Clinton-era North American Free Trade Agreement.
Incredibly, the decade has ended with a moment of bipartisanship. On Dec. 10, after more than a year of deadlock, Democrats and Republicans agreed to revisions in the U.S.-Mexico-Canada Agreement (USMCA) that should enable the trade pact to win approval from Congress and get signed into law by the president.
MEXICO CITY—Mexico’s automotive industry is anticipating its eighth consecutive year of record-high production and exports. And in a bid to stay competitive, the industry is embracing ever more automation.