How the Trans-Pacific Partnership is About New Balance and Nike

Looking at tires, fashion and NAFTA, we can see the lost jobs opposition to free trade and the pro free trade response.

The Surprising Reason Your Car Was Made in Mexico

More than its low labor costs, Mexico is attracting car manufacturers away from the U.S. because it has free trade agreements with more than 40 countries.

Why Might Salsa Prices Soar?

During the 1970s we did not eat many limes, maybe less than 1/2 a pound each year, and most were from Florida. Now our consumption has tripled and the lime has gone global. Faced with cheap Mexican limes, devastation from Hurricane…

More Expensive Ice Cream?

Milk prices are going up. And yet, in the US, we are drinking less milk. According to Corey Geiger, managing editor of Hoard’s Dairyman magazine, one reason is oil. Countries in the Middle East with massive oil reserves have to import 90%…

B(T)FF… Best Trading Friends Forever

We can say that Mexico believes her top trading partner is the United States because the value of her exports to the US (2013: $370,826,831) added to the value of her imports from the US (2013: $370,746,056) is exceeded by none of her other…

Is “MexiCoke” Making a Mistake?

In Nevada convenience store coolers, at Wal-Mart or Costco, people empty the shelves the minute the Mexican Coca-Cola arrives. Coke says the glass bottle is the reason. Coca-Cola drinkers say they prefer “MexiCoke” because it is made with sugar cane,…

Purchasing Power

The Big Mac Index is out again and not much has changed. Norway’s Big Macs are expensive and Chinese Big Macs are cheap. What do Big Mac prices tell us about purchasing power? Starting with an average U.S. price of $4.37, we…

“It’s Not Easy Being Green”

Hearing Kermit the Frog say, “It’s not easy being green,” Mexican environmentalists might agree. Since March 2009, Mexican households have been offered cash payments or subsidized loans for replacing refrigerators and air-conditioners that were more than 10 years old with new energy…

Trading Places

A switch has taken place. More than half of our imported goods used to come from the G-6 countries (Canada, France, Germany, Italy, Japan, the U.K.) Now, we import more from China, Mexico and Brazil. Specifically, in 1987, 55% of…

Debt Deja Vu

Again, Greek debt was in the news. This time, though, the focus was other defaults. For as long as nations have existed, they have borrowed money and then been unable to repay it. The first report of Greece defaulting on…