Watch
Welcome remarks
- Adam S. Posen, PIIE
- Roberto A. Coronado, Federal Reserve Bank of Dallas
Opening fireside chat
Luis Rosendo Gutiérrez Romano, Undersecretary of Foreign Trade of Mexico, with Luis Torres, Federal Reserve Bank of Dallas, on tariffs and the economic outlook
Session 1: Immigration and remittance policies and impact
This session focuses on the economic impact of restrictions on immigrants and immigration, deportations, and taxing of remittances. The panelists weigh the potential for increased labor turnover and lower productivity for workers and firms, reduced school attendance, damage to public health, and harm from deportations for some communities.
Moderator
Pia Orrenius, Federal Reserve Bank of Dallas
Speakers
- Jesus Cañas, Federal Reserve Bank of Dallas
- Michael A. Clemens, PIIE
- Monica de Bolle, PIIE
Document
Presentation: Jesus Cañas (516.99 KB)Document
Presentation: Michael A. Clemens (11.82 MB)Document
Presentation: Monica de Bolle (127.32 KB)
Session 2: The future of the USMCA
What are the challenges for the future of trade between Mexico and the United States as the USMCA is renegotiated next year? Among the issues is the 25 percent tariff on Mexican imports imposed by the US, which does not comply with USMCA regulations. In addition to tariffs, the discussion will focus on economic impacts of revisions to rules of origin and foreign direct investment.
Moderator
Jeffrey J. Schott, PIIE
Speakers
- Enrique Martínez-García, Federal Reserve Bank of Dallas
- Miguel Messmacher, Former Ministry of Finance of Mexico
- Alejandro Werner, PIIE
Document
Presentation: Enrique Martínez-García (793.92 KB)Document
Presentation: Miguel Messmacher (174.99 KB)Document
Presentation: Alejandro Werner (401.65 KB)
Closing remarks
Marcus Noland, PIIE
About
Event Summary
This conference organized by PIIE and the Federal Reserve Bank of Dallas examines key policy and economic challenges shaping the future of North American integration, with a focus on labor mobility, remittance flows, and cross-border trade. As the region navigates shifting immigration dynamics and prepares for a pivotal review of the United States-Mexico-Canada Agreement in 2026, conference sessions explore how policy decisions affect economic resilience, productivity, and regional cooperation. Experts assess the implications for workers, firms, and communities and consider strategies for strengthening economic ties across borders.