A useful piece from Bloomberg:
“Cheaper labor is
only one reason Mexico has seen a surge in new-car production. While the
country’s low wages have been the big attraction, one of its key advantages is
that it has trade agreements with 44 countries, giving automakers access to
half the global car market tariff-free. The U.S. has similar trade deals with
just 20 countries, which make up 9 percent of global car sales, according to
the Center for Automotive Research in Ann Arbor, Michigan.”Related:
Dangers of Mixing Politics and Business - A timely piece
from Daniel J. Mitchell
https://www.cato.org/publications/commentary/will-trump-turn-bully-pulpit-rhetoric-policy