There is little overall difference between the old NAFTA and the Trump administration’s replacement. But California businesses are relieved to finally have some certainty they can plan around. margotroosevelt and LATgeoffmohan report:
California wineries were expanding into China’s big wine market. Trump’s trade war is destroying their plans.At least a dozen auto parts manufacturers are California-based, according to ELM Analytics, a Michigan data firm. And California exported $1.6 billion in vehicle parts to Mexico last year. But some companies such as Motorcar Parts of America, which pays Mexican workers $5 an hour, are unaffected by the wage floor because they sell to consumers, not to automakers.
But the United Auto Workers is lukewarm toward the pact, noting “much more work remains to fight against the offshoring of jobs and the economic inequality that has plagued our country.” It called for ending bad tax laws that reward companies for moving jobs abroad.One California industry deeply affected by NAFTA is aerospace. The 600,000-member International Assn.
In the 1990s, the factory employed close to 15,000 people, making engine parts for customers such as Boeing and Airbus. But the big aircraft manufacturers demanded lower prices from UTC, forcing the company to move jobs outside California, he said. “The U.S. aerospace and defense industry depends on strong relationships with Mexico and Canada to build on our nearly $90-billion trade surplus, drive innovation, grow manufacturing in America, and support more than 2.5 million U.S. jobs,” it said.One California industry that had hoped for relief from USMCA didn’t get it.
“California’s life science industry, a world leader in biomedical innovation, would be among the first to suffer,” said Joe Panetta, president and CEO of Biocom, a San Diego-based trade group. “Small and emerging companies … rely on intellectual property protections to compete in global markets.”
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