Supply Chain Matters is once again compelled to provide a follow-up commentary related to global trade developments, specifically to the Trump Administration’s ongoing Make America Great mantra of aggressive trade actions that are rattling markets and adding to building uncertainty. Events continue to unfold daily, and markets and industries are becoming more concerned.
North America Lumber Price Hikes and Supply Shortages- Are Similar Type Scenarios Destined to Occur?
Supply Chain Matters highlights current significant price hikes and severe supply shortages occurring in the North America based lumber supply sector. The same scenario could play out in metals under similar conditions.
Trade representatives of Canada, Mexico and the United States completed another five days of NAFTA re-negotiation talks this week which were hosted by Mexico. After this fifth round, the overall mood of these talks remains far less optimistic for a successful overall outcome.
This week, United States Secretary of Commerce Wilbur Ross spoke to attendees of The Wall Street Journal’s CEO Council indicating that the Trump Administration’s ongoing hardball strategy regarding ongoing North America Free Trade Agreement (NAFTA) talks comes from perceived leverage over Canada and Mexico.
The fourth round of the North America Free Trade Agreement (NAFTA) renegotiation talks kicked-off this week and the prospects for reaching some consensus agreement on major NAFTA trade principles by the end of this year are now looking to be rather challenging. Once more, various industry and business interests are growing more worrisome as to U.S. objectives in these talks, as well as their potential implications.
With the formal start of re-negotiations concerning the North America Free Trade Agreement (NAFTA), many industry supply chain teams should be monitoring developments and conducting ongoing analytical analysis and management education. There is a very narrow window for negotiators to come to a broad consensus of agreement.