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It's NAFTA time

Mexican officials are meeting with the Trump administration today and Thursday. Mexican economy secretary Ildefonso Guajardo threatened yesterday to walk away from NAFTA renegotiations if he can't get a good deal for Mexico.

But... 3M CEO Inge Thulin said on Tuesday that his company is sticking with its plans to invest in Mexico, because the firm wants to locate production close to its customers. Returns on investment are higher in faster-growing, developing economies—a reality the president can't easily ignore.

The dark side of crowdsourcing

The New York Times reports on a recent deregulation effort to allow new companies to access crowdsourced investing. The new rules have encouraged shady practices like firms marketing their securities without having their financial statements audited. Don't expect Washington to tighten regulations, or give more resources to regulators, any time soon. A side effect of this stance may be emboldened scammers ready to take advantage of the latest fundraising vehicle.

Go deeper

AP: Justice Dept. rescinds "zero tolerance" policy

A young girl waves to onlookers through the fence at the US-Mexico border wall at Friendship Park in San Ysidro, California in Nov. 2018. Photo: Sandy Huffaker/AFP via Getty Images

President Biden's acting Attorney General Monty Wilkinson issued a memo on Tuesday to revoke the Trump administration's "zero tolerance" immigration policy, which separated thousands of migrant children from their families at the U.S.-Mexico border, AP first reported.

Driving the news: A recent report by Justice Department Inspector General Michael Horowitz emphasized the internal chaos at the agency over the implementation of the policy, which resulted in 545 parents separated from their children as of October 2020.

Biden picks up his pen to change the tone on racial equity

Vice President Harris looks on as President Biden signs executives orders related to his racial equity agenda. Photo: Doug Mills-Pool/Getty Images

President Biden is making a down payment on racial equity in a series of executive orders dealing with everything from private prisons to housing discrimination, treatment of Asian Americans and relations with indigenous tribes.

The big picture: Police reform and voting rights legislation will take time to pass in Congress. But with the stroke of his pen, one week into the job Biden is taking steps within his power as he seeks to change the tone on racial justice from former President Trump.

Most Senate Republicans join Rand Paul effort to dismiss Trump's 2nd impeachment trial

Photo: Joshua Roberts-Pool/Getty Images

Forty-five Senate Republicans, including Minority Leader Mitch McConnell, supported an effort to dismiss former President Trump's second impeachment trial.

Why it matters: The vote serves as a precursor to how senators will approach next month's impeachment trial, making it highly unlikely the Senate will vote to convict. The House impeached Trump for a second time for "incitement of insurrection" following events from Jan 6. when a pro-Trump mob stormed the Capitol.