Pete Posted January 29, 2020 Share Posted January 29, 2020 President Trump signed the historic United States-Mexico-Canada Agreement, replacing the Clinton-era North American Free Trade Agreement that he called a "disaster." Continue Reading Below The USMCA, which is the biggest trade deal of all-time, covers more than $1.3 trillion of commerce, and is the second major trade deal secured by the Trump administration this year. The agreement has already been ratified by Mexico, but not yet by Canada. "You're going to see more jobs all across the economy, in the automobile sector, in the agricultural sector and of course in the energy sector as well," Energy Secretary Dan Brouillette told FOX Business' Maria Bartiromo on Wednesday. USMCA IS 'GOLD STANDARD FOR DIGITAL TRADE': TRADE CHIEF ROBERT LIGHTHIZER The USMCA requires 75 percent of automobile components be manufactured in the United States, Canada or Mexico in order to avoid tariffs. By 2023, some 40 to 45 percent of automobile parts must be made by workers who earn at least $16 an hour. ◀︎▶︎ Image 1 of 6 President Donald Trump, joined by from left, Senior adviser to the President, Ivanka Trump, Vice President Mike Pence, House Minority Whip Steve Scalise, R-La., U.S. Trade Representative Robert Lighthizer, House Minority Leader Kevin McCarthy of Calif., and others, signs a new North American trade agreement with Canada and Mexico, during an event at the White House, Wednesday, Jan. 29, 2020, in Washington. (AP Photo/ Evan Vucci) The agreement is expected to create 80,000 new jobs tied to the auto industry and bring in up to $30 billion of new investment in the sector. The pact will also open new markets for American wheat, poultry and eggs, among other things. "This is a colossal victory for our farmers and ranchers," Trump said at the signing ceremony. "Everybody said this was a deal that could not be done," he added, "but we got it done." Once fully implemented, the USMCA is expected to lift U.S. gross domestic product by as many as 1.2 percentage points and create up to 589,000 jobs, according to the International Trade Commission. After the trade deal was approved by the Senate on Jan. 16, by a vote of 89 to 10, Sen. Charles Grassley, R-Iowa, hailed it as a "major achievement for President Trump and a very big win for the American people." Video The signing of the USMCA comes nearly two weeks after Trump inked an initial trade deal with China. Combined, the two agreements encompass more than $2 trillion worth of trade and could add as much as 1.7 percentage points to U.S. economic growth. The U.S. economy expanded at a 2.1 percent pace in the three months through September. CLICK HERE TO READ MORE ON FOX BUSINESS “We’re restoring America’s industrial might like never before,” Trump declared at a campaign rally in Wildwood, N.J., on Tuesday evening. “They’re all coming back. They want to be where the action is.” https://www.foxbusiness.com/markets/trump-signs-usmca-job-market-boom Quote Link to comment Share on other sites More sharing options...
frenchy Posted January 29, 2020 Share Posted January 29, 2020 'historic' talk about getting gut hooked. 1 Quote Link to comment Share on other sites More sharing options...
Pete Posted January 29, 2020 Author Share Posted January 29, 2020 asses chapped... Good! Quote Link to comment Share on other sites More sharing options...
frenchy Posted January 29, 2020 Share Posted January 29, 2020 NAFTA - worst trade deal ever!!! NAFTA Lite - HISTORIC!!!!!! 1 Quote Link to comment Share on other sites More sharing options...
spin_dry Posted January 29, 2020 Share Posted January 29, 2020 6 minutes ago, frenchy said: 'historic' talk about getting gut hooked. They can’t even tell you what’s different about this new agreement. Only that the orange liar tells em it’s tremendous. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted January 29, 2020 Platinum Contributing Member Share Posted January 29, 2020 https://www.google.com/amp/s/markets.businessinsider.com/amp/news/us-canada-mexico-trade-deal-usmca-nafta-details-dairy-auto-dispute-resolution-2018-10-1027579947 Quote Link to comment Share on other sites More sharing options...
frenchy Posted January 29, 2020 Share Posted January 29, 2020 what exactly is historic about it? The fact that 'The worst trade deal ever' was updated with a few minor tweaks? Doesn't really sound historic to me. Maybe Pete can shed some light. Quote Link to comment Share on other sites More sharing options...
f7ben Posted January 29, 2020 Share Posted January 29, 2020 Poor derpo , smacked down in his gotcha thread within the first 5 posts What a fucking idiot Quote Link to comment Share on other sites More sharing options...
Kev144 Posted January 29, 2020 Share Posted January 29, 2020 2 minutes ago, frenchy said: what exactly is historic about it? The fact that 'The worst trade deal ever' was updated with a few minor tweaks? Doesn't really sound historic to me. Maybe Pete can shed some light. You won't get an intellectual response. Just a tds type slurping 1 Quote Link to comment Share on other sites More sharing options...
frenchy Posted January 29, 2020 Share Posted January 29, 2020 2 minutes ago, f7ben said: Poor derpo , smacked down in his gotcha thread within the first 5 posts What a fucking idiot you know it's bad when even dripper is lurking but not posting Quote Link to comment Share on other sites More sharing options...
washedupmxer Posted January 29, 2020 Share Posted January 29, 2020 2 minutes ago, frenchy said: you know it's bad when even dripper is lurking but not posting I got busy at work All I know is you guys bitch about not doing anything and when he does you still do kind of like his deficit spending is so horrible even though any alternative is so much worse Quote Link to comment Share on other sites More sharing options...
frenchy Posted January 29, 2020 Share Posted January 29, 2020 I'll just leave this here.... the United States International Trade Commission, a government body, released an independent analysis of the accord’s potential effects on the country’s economy, a report required by law before Congress voted on the deal. The report found that the agreement would increase gross domestic product by 0.35 percent after inflation, or $68.2 billion, and create 175,700 jobs — fewer than the economy has recently produced in a single month, on average. It would increase United States trade with Canada and Mexico by about 5 percent, as well as provide a modest lift to agriculture, services and manufacturing activity. “In light of the size of the U.S. economy relative to the size of the Mexican and Canadian economies, as well as the reduction in tariff and nontariff barriers that has already taken place among the three countries under Nafta, the impact of the agreement on the U.S. economy is likely to be moderate,” the commission said. Quote Link to comment Share on other sites More sharing options...
washedupmxer Posted January 29, 2020 Share Posted January 29, 2020 Oh and I know words like tremendously, historical etc really bother you but if you think of him as more of a used car salesman than a president it's much easier to take lol Quote Link to comment Share on other sites More sharing options...
frenchy Posted January 29, 2020 Share Posted January 29, 2020 1 minute ago, washedupmxer said: Oh and I know words like tremendously, historical etc really bother you but if you think of him as more of a used car salesman than a president it's much easier to take lol he didn't say it. Fox News did. So fake news or no? Quote Link to comment Share on other sites More sharing options...
washedupmxer Posted January 29, 2020 Share Posted January 29, 2020 3 minutes ago, frenchy said: I'll just leave this here.... the United States International Trade Commission, a government body, released an independent analysis of the accord’s potential effects on the country’s economy, a report required by law before Congress voted on the deal. The report found that the agreement would increase gross domestic product by 0.35 percent after inflation, or $68.2 billion, and create 175,700 jobs — fewer than the economy has recently produced in a single month, on average. It would increase United States trade with Canada and Mexico by about 5 percent, as well as provide a modest lift to agriculture, services and manufacturing activity. “In light of the size of the U.S. economy relative to the size of the Mexican and Canadian economies, as well as the reduction in tariff and nontariff barriers that has already taken place among the three countries under Nafta, the impact of the agreement on the U.S. economy is likely to be moderate,” the commission said. So it's positive just not positive enough? 1 Quote Link to comment Share on other sites More sharing options...
frenchy Posted January 29, 2020 Share Posted January 29, 2020 Just now, washedupmxer said: So it's positive just not positive enough? far from 'historic' it's NAFTA 2.0, nothing more. Quote Link to comment Share on other sites More sharing options...
washedupmxer Posted January 29, 2020 Share Posted January 29, 2020 Just now, frenchy said: he didn't say it. Fox News did. So fake news or no? Adjectives and exaggerations aren't the flat out lies I generally like to call fake news. You still say there is no fake news or have you come around? Quote Link to comment Share on other sites More sharing options...
washedupmxer Posted January 29, 2020 Share Posted January 29, 2020 Just now, frenchy said: far from 'historic' it's NAFTA 2.0, nothing more.in I said positive. Try again Quote Link to comment Share on other sites More sharing options...
frenchy Posted January 29, 2020 Share Posted January 29, 2020 Just now, washedupmxer said: Adjectives and exaggerations aren't the flat out lies I generally like to call fake news. You still say there is no fake news or have you come around? I never said that. I said it isn't the issue some make it out to be. Quote Link to comment Share on other sites More sharing options...
frenchy Posted January 29, 2020 Share Posted January 29, 2020 (edited) 2 minutes ago, washedupmxer said: I said positive. Try again positive in that it will provide gains less than what the economy was already averaging on it's own? Cool! Edited January 29, 2020 by frenchy Quote Link to comment Share on other sites More sharing options...
washedupmxer Posted January 29, 2020 Share Posted January 29, 2020 1 minute ago, frenchy said: I never said that. I said it isn't the issue some make it out to be. I think you did Oh it's an issue. I know you think I'm dumb but at least I can differentiate a good part of Americans can't and that's the scary part Quote Link to comment Share on other sites More sharing options...
washedupmxer Posted January 29, 2020 Share Posted January 29, 2020 1 minute ago, frenchy said: positive in that it will provide gains less than what the economy was already averaging on it's own? Cool! Thanks Trump! Quote Link to comment Share on other sites More sharing options...
frenchy Posted January 29, 2020 Share Posted January 29, 2020 Just now, washedupmxer said: I think you did Oh it's an issue. I know you think I'm dumb but at least I can differentiate a good part of Americans can't and that's the scary part American 'news' is bad. Far worse than in other countries. The lines have been blurred so much between opinion and factual reporting it's really hard for many to decipher or even realize the difference. Quote Link to comment Share on other sites More sharing options...
washedupmxer Posted January 29, 2020 Share Posted January 29, 2020 1 minute ago, frenchy said: American 'news' is bad. Far worse than in other countries. The lines have been blurred so much between opinion and factual reporting it's really hard for many to decipher or even realize the difference. Is nowhere near as bad if you go find your own vs having it fed to you Quote Link to comment Share on other sites More sharing options...
washedupmxer Posted January 29, 2020 Share Posted January 29, 2020 MSM news is far more entertainment than news and has been for quite some time Quote Link to comment Share on other sites More sharing options...
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