As U.S.-Japan trade negotiations come into view, Tokyo's imperative is clear: avoid auto tariffs. But that doesn't mean the powerhouse will be a pushover on other bones of contention.
President Trump is fixated by tariffs, but such measures are hardly the main barrier to contemporary global trade. And unless the U.S. updates its thinking, the rest of the world is going to leave it behind.
By Matthew Bey
Washington and Brussels have both released their objectives for trade negotiations, and their differing goal for thorny issues such as agriculture and auto tariffs are sure to present problems.
To exert leverage in upcoming trade negotiations, the White House must be able to back up its promises to impose penalties on what is says is unfair trade. The power to limit auto exports to the U.S. would fit that bill.
By Matthew Bey
Mexican carmarkers recently guaranteed themselves access to the United States. Now their Brazilian counterparts are looking to emulate the feat in a search for their own export markets.
Mexico's burgeoning economy has enabled criminal elements to grow in symbiosis, utilizing the country's transport infrastructure to expand volume. But the tendrils of organized crime are now damaging the host.
Its vehicle manufacturers rely on exports, and the United States is by far their most important market. But satisfying White House trade demands won't be easy for Seoul.
The two have developed interconnected and mutually beneficial supply chains over the years, even as they remain embroiled in a political dispute. Now, Taiwan is trying to diversify away from the mainland as it faces threats of increasing instability, competition and government intrusion.
Facing pressure to open up its auto market to foreign competition -- as automakers in Asia, Europe and North America look for new export destinations under the threat of higher U.S. import fees -- Beijing is working to reduce overcapacity and strengthen local brands.