spin_dry Posted January 16, 2020 Share Posted January 16, 2020 Interesting read. https://www.aier.org/article/the-us-mexico-canada-trade-deal-is-not-as-good-as-nafta/?gclid=CjwKCAiAsIDxBRAsEiwAV76N8xOGVSDzMuEBMlXKSGOIySrV6ZoeOW-qS0cPDyDdOGRuQbLTIdwyyRoCYSwQAvD_BwE Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted January 16, 2020 Gold Member Share Posted January 16, 2020 These 2 paragraphs are the only 2 from the “economist” in the op article that he points to as bad in his OPINION... For instance, under USMCA, for automobiles to enter the US duty free from Mexico or Canada, at least 75 percent of the vehicles’ content must originate in the US, Mexico, and Canada. This figure is up from the current 62.5 percent. USMCA also would require that 70 percent of the steel and aluminum used to produce automobiles be sourced inside the USMCA zone. It doesn’t take a PhD economist to understand that this requirement will increase the price that Americans pay for automobiles. Also, USMCA would tie duty-free treatment of automobiles to the requirement that at least 40 percent of each vehicle be produced by workers paid at least $16 per hour. This requirement imposes on car manufacturers yet another cost hike. This is an aspect of the deal that could have been drafted by the most radical Democrats on today’s campaign trail. It is also a perfect example of how the US is using a trade agreement to export its bad labor regulations to other countries. Quote Link to comment Share on other sites More sharing options...
spin_dry Posted January 16, 2020 Author Share Posted January 16, 2020 Face it. There’s nothing earth shattering here. Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted January 16, 2020 Gold Member Share Posted January 16, 2020 7 minutes ago, spin_dry said: Face it. There’s nothing earth shattering here. Your opinion. it is better then nafta. increase in NA content in autos, opening to the US of some protected Canadian business. Digital, enviromental protections. It’s all better then it was. May not be earth shattering but better for the American worker no doubt! Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted January 16, 2020 Gold Member Share Posted January 16, 2020 Most democrats and pretty much all labor unions agree the Trump USMCA is a better trade deal than Nafta. https://www.politifact.com/truth-o-meter/article/2020/jan/15/why-many-democrats-have-supported-usmca-deal/ Quote Link to comment Share on other sites More sharing options...
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