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NAFTA Truth.....


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  • Platinum Contributing Member

From real news and not Dumps state run media most of you stupid fuckers subscribe to.....

Trump says he's ditching NAFTA but that's not what's happening

Washington (CNN) — To hear President Donald Trump tell it on Monday, the United States is abandoning the NAFTA free trade deal between the US, Canada and Mexico in favor of a bilateral agreement between the US and Mexico. And possibly a second bilateral deal with Canada.

Trump even gave the bilateral agreement a name: the "US-Mexico Trade Agreement," which he said would replace the trilateral free trade deal.

But none of that is happening. 

There is no formal free trade deal between the US and Mexico, only an agreement between the two countries on how to resolve key issues in their trade relationship as part of the NAFTA talks. The US trade representative's office officially described the agreement as "a preliminary agreement in principle ... to update the 24-year-old NAFTA with modern provisions representing a 21st century."

 

Made for TV moment

 

The "US-Mexico Trade Agreement" does not exist -- and likely never will.

"We hope that Canada can join in now and we expect them to begin that process very soon," the US Trade Representative Robert Lighthizer said on a call with reporters after Trump's announcement. A senior White House official added that Canada would be brought in to the trade discussions on Monday afternoon.

None of that stopped Trump from giving the impression on Monday morning that he was "terminating" NAFTA "and going into this deal" with Mexico. He even added later in the day that he had "just signed a trade agreement with Mexico," which cannot happen without the US first nixing NAFTA.

The agreement between the US and Mexico on Monday was a significant marker in the yearlong effort to renegotiate the trilateral trade pact, sweeping away key obstacles impacting the US and Mexico that had held up trilateral talks.

But Trump was eager to portray the agreement as much more than that as the reality TV star-turned-president orchestrated the latest made-for-TV moment of his presidency.

"It's a big day for trade, big day for our country. A lot of people thought we'd never get here, because we all negotiate tough," Trump said as he walked into the Oval Office and took his seat behind the Resolute Desk. "And this is a tremendous thing. This has to do -- they used to call it NAFTA. We're going to call it the United States-Mexico Trade Agreement, and we'll get rid of the name NAFTA."

 

Trilateral agreement or bust?

 

Trump has repeatedly indicated he would prefer to reach bilateral agreements with Canada and Mexico, but the two countries have maintained a united front that a trilateral agreement is the only one they will sign. There was no indication on Monday that Mexico had abandoned that position.

Instead, the Mexican President Enrique Peña-Nieto, who joined Trump in the Oval Office by speakerphone, emphasized three times the importance of Canada joining the burgeoning agreement.

"I desire, I wish that the part with Canada will be materializing in a very concrete fashion, and we can have an agreement the way we proposed it from the initiation of this renegotiating process, a tripartite," Peña-Nieto said through a translator.

Senior administration officials also made clear on a call with reporters Monday afternoon that they were still pursuing a revised NAFTA trade agreement, though they maintained the possibility of a bilateral deal between the US and Mexico if a trilateral deal with Canada cannot be reached.

A senior administration official indicated the White House plans to submit a letter to Congress on Friday notifying the legislature of the President's plans to sign a new trade deal, with or without Canada's agreement.

"What we will do is ideally Canada will be in and we'll be able to notify that. If Canada is not in then we'll notify that we have an agreement with Mexico and we are open to Canada joining it," the official said.

But pressed as to whether Mexico is willing to enter a bilateral deal with the US, a senior White House official on the same call dodged.

"I think we're at a position where we're going to have discussions with Canada this week and see where we get to," the official said, referring reporters to Mexico to describe their position.

Some experts interpreted the administration's signaling about a possible bilateral deal as an attempt to pressure Canada into a swift agreement on revising NAFTA, which the US administration denied.

"This wasn't designed to put pressure on anybody," a senior administration official said, before later adding that the US planned to submit its NAFTA renegotiation plans to Congress by the end of the week with or without Canada's agreement.

https://www.cnn.com/2018/08/27/politics/trump-nafta-deal/index.html

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  • Platinum Contributing Member
Just now, racer254 said:

Anything to avoid giving credit to trump.

Read the facts.   :lmao: You don’t know shit like usual :lol: Yo......I thought you liked Bernie....... :lmao: 

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3 minutes ago, racer254 said:

Dude, you are a minion.  Everyone knows that here.

 

Just now, Snoslinger said:

So full is in racer. How is this going to benefit our middle class

Lets hear it Doe Dumber :lmao: 

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1 minute ago, revkevsdi said:

You like most penises but you like Trump cock the best 

Sorry you are a loser.  And what’s with all the homophobic comments from you two liberals.

Hmmm....almost sounds hypocritical.

Meh....

Hey, when is Trump gonna set up the kid table for Trudeau and his trade negotiating team?  :lol:

 

  • Haha 1
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2 minutes ago, xtralettucetomatoe580 said:

 

Dude... You guys have left wing racer... As seen above. Ewwwwww

Rev is a successful businessman who has you fuckers figured out.....Doe Dumber is clueless as fuck and nothing more than a parrot.  

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4 minutes ago, Nazipigdog said:

Weird how snowrider throws a big fat juicy worm out there and the same fish keep biting. 

Yo Anar.....how long have I been saying.....I pull the fucking strings.  And the 🤡 Posse dances......especially MNMomo :lmao: 

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1 minute ago, SnowRider said:

Rev is a successful businessman who has you fuckers figured out.....Doe Dumber is clueless as fuck and nothing more than a parrot.  

Rev is a fucking idiot, and a liar.  You are too but you are also a welching coward. So, you win there I guess.  Also, I assume Rev has some sort of chin.  So, you re back to losing...again.

:lol:

 

 

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  • Platinum Contributing Member

Looks,like another NK dog and pony show that goes nowhere.... :lmao: 

 

 

The Truth About Trump’s ‘Tremendous’ New Trade Deal with Mexico

The Truth About Trump’s ‘Tremendous’ New Trade Deal with Mexico
 

U.S. President Donald Trump talks via speakerphone to Mexican President Enrique Pena Nieto to announce a deal to replace the North American Free Trade Agreement (NAFTA) at the White House in Washington, U.S., August 27, 2018. REUTERS/Kevin Lamarque

After months of fractious negotiations, President Donald Trump on Monday announced that his administration has reached an understanding with Mexico on a new 16-year trade deal to replace the North American Free Trade Agreement (NAFTA).

“This is a tremendous thing,” Trump said from the Oval Office, adding that he’s scrapping the name NAFTA because it “has a lot of bad connotations” and instead is calling this deal “the United States-Mexico Trade Agreement.”

Among the key elements of the deal:

  • It requires 75 percent of an automobile's value to be manufactured in North America, up from 62.5 percent under NAFTA.
  • It requires 40 percent to 45 percent of a car to be made by workers earning at least $16 an hour.
  • No new tariffs would be imposed on agricultural goods traded between the U.S. and Mexico, according to reports.

But some key details and questions must still be addressed, including:

What about Canada? The U.S. neighbor to the north has been on the sidelines while the U.S. negotiated with Mexico. Trump said “we’ll see” if Canada can be part of the new deal. Negotiations with Canada were set to commence “immediately,” Trump said. But the president has often expressed a preference for bilateral deals — and he threatened again Monday to impose tariffs on Canadian car imports in response to Canadian tariffs on U.S. dairy products. “Top White House officials appeared split on whether they would proceed at all if Canada didn’t sign on to the deal with Mexico,” The Washington Post reported. Meanwhile, Mexico’s president made clear Monday he wants Canada to be part of the updated agreement.

What about Congress? Any trade deal would have to be approved by Congress, and that’s not a slam dunk. “Congress gave Trump the authority to do only a trilateral deal, with both Canada and Mexico,” The Washington Post’s Heather Long explains. “Many members, in sending their initial reactions to the deal, called on Trump to bring Canada into the fold. If he ends up submitting a bilateral deal, with just Mexico, it increases the chances that lawmakers will balk.”

Can it all get done in time? The White House reportedly plans to send Congress a letter by Friday to formally start a 90-day process for changing NAFTA. Getting that done by the end of the month is important because negotiators want to clinch a deal in time for Mexico’s Congress to ratify it before the newly elected Mexican president, left-wing populist Andrés Manuel López Obrador, takes office in December. López Obrador would likely seek some changes to the deal.

Some sticking points remain, even with Mexico. “The White House and Mexican officials were unable to reach an agreement about the steel and aluminum tariffs Trump imposed several months ago, and those discussions are ongoing,” according to The Washington Post. Paul Waldman, a liberal columnist at the Post, writes that Trump’s celebratory announcement Monday was premature: “It’s entirely possible that at the end of all this we’ll end up with a version of NAFTA that serves Americans better than the current one. But despite what Trump says, victory is still a long ways off.”

https://finance.yahoo.com/news/truth-trump-tremendous-trade-deal-225116841.html

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Sure glad when he flipped the coin he chose to lie and say he had a deal with Mexico.  This time it’s Mexicans calling him a liar instead of us. 

The Art of the deal in action.  

Trumpsters are so gullible. 

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Polaris550:  People's HATRED, overides their desire for economic growth. 

DEMS, LIBS, and LEFTISTS would rather see TRUMP crushed, than make money.   

This is a perfect description of many trump haters in this forum.

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