U.S. president-elect’s protectionist threats put big business on back foot. President-elect Donald Trump’s tweet blasted Toyota’s plans to make U.S.-bound cars in Mexico, threatening expensive tariffs. In the wake of Trump’s latest tweet, some companies are giving second thoughts to plans to expand in Mexico, with one executive calling such a move “risky.”
U.S. labor unions say NAFTA replacement does not go far enough for workers
U.S. labor officials on Tuesday pressed lawmakers to strengthen enforcement of the provisions of the United States-Mexico-Canada Agreement (USMCA) intended to protect workers, the latest sign the trade deal could face hurdles to passage in the Democrat-led House of Representatives.