Commercial Policy Essay - 953 Words

Section 4. The existing state of commercial policies between the two countries. Mexico is one of the United States most critical trading partners. Being its third overall trading partner, Mexico has come to be a big part of the United States globalization. in this section, we are going to explore current trade policies that affect the lives of millions of people in both countries. President Trump is well known for saying that America is losing jobs to the likes of Mexico and China. Even under his administration, the trade deficit with Mexico is getting bigger and bigger. He uses this as a justifier for renegotiating current trade deals and imposing tariffs on Mexico’s products. The United States export more services to Mexico like†¦show more content†¦Elimination of Nafta would risk losing its Mexico energy market to foreign suppliers. This is why trade is an important part of energy security. Even President Trump is smart enough to acknowledge that the energy technology revolution is a reality, and losing one of its biggest buyers would be a very big setback in the U.S. economic growth, and would mean a loss of many american jobs. Let’s talk now about a very important aspect that arise from NAFTA that would be lost if the withdrawal of the U.S. would ever occur: supply chains. The United States and Mexico no longer trade only finished goods between them. Alternatively, they make products together, using a system of manufacturing that includes supply chains that are interconnected between countries. This allows for both countries to use their competitive advantage to their fullest potential to create a more competitive conglomerate and improving their ability to compete on the global market. This graph taken from the World Input-Output database shows evidence of the joint production that exists between both countries and how it has been increasing in the century. Arguments against this interconnected supply chain include that the manufacturing and middle class of the U.S. is being heavily affected, but researchers from Ball State University found that 87% of manufacturing job losses between 2000 and 2010 were due to increases in productivity and only 13% were because of trade. ThereShow MoreRelatedCultural Differences And Diversity Of The Australian Media1490 Words   |  6 Pagesportraying certain dominant discourses of politics, cultures and current affairs. Through this it can have positive and negative effects on cultural differences experienced within multicultural Australia. This essay will discuss the discourses that are prevalent in commercial and non-commercial television about cultural differences and diversity, and how this can either promote or denounce the inclusiveness of communities or allowing alternative voices to be heard. 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