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Honored Social Butterfly

USMCA, A Major Trump Policy Win

USMCA, a major Trump policy win, quietly begins July 1 as virus, economy, unrest dominate headlines

 

The White House has long touted the deal as a superior replacement for NAFTA

 

By Sophie Mann

 

The Trump administration's USMCA deal goes into effect Wednesday – marking a quiet start for a major policy victory for the president that in recents months has been overshadowed by the recent social-justice protests and the months-long coronavirus pandemic that has slowed the U.S. economy.

The trade deal, officially titled the United States-Mexico-Canada Agreement, is President Trump's response to the decades' old deal among the three countries that he campaigned in 2016 on replacing. 

 

The deal is a result of more than two years of negotiation between the respective leaders of the countries. The new deal will affect more than $1 trillion a year in trade between among them. 

Canada and Mexico are the two countries that receive the most U.S. exports annually. The United States imports more from its two continental neighbors than anywhere aside from China. 

Trump complained during his 2016 campaign that the U.S. was getting financially clobbered under the Clinton-era agreement. 

 

He called NAFTA during the campaign "the worst trade deal" in the history of the country. 

Specifics of the deal, which the administration boasts will create hundreds of thousands of new American jobs, include rules that increase the difficulty of moving cars and car parts across national borders duty-free. The new deal stipulates that 75% of a vehicle's component parts need to be produced in North America to avoid tariffs, and 40% need to be manufactured by workers earning at least $16 an hour. 

 

"When I ran for president, I made a solemn promise to the American people that I would end the job-killing failure called the North American Free Trade Agreement and replace it with a better deal for our workers, farmers, ranchers, and businesses," Trump said Wednesday in an official White House statement. "Today, with NAFTA ending forever and the United States-Mexico-Canada Agreement entering into full force, our grateful Nation pays tribute to America’s workers and celebrates their ability to overcome decades of bad deals and failed policies."

 

The USMCA also accounts for areas of trade that were not nearly as well developed in 1994, when NAFTA went into effect. The USMCA bans the creation of "data-localization requirements," which would limit the amount of traffic that can move from a data center in one country to servers in other nations. The deal additionally nixes tariffs being placed on data transfers. 

 

The International Trade Commission estimates that the deal will boost U.S. gross domestic product by roughly $70 billion, and increase exports to Canada and Mexico by 5% and 7%, respectively. 

Unlike NAFTA, the USMCA has a built in sunset clause that causes the deal to expire after 16 years. Trump adviser and son-in-law Jared Kushner says that the built in expiration of the deal not meant to create trade uncertainty, "but to ensure that the agreement will continue to serve America's interests over the long run."

 

 

 

VIMTSTL
Honored Social Butterfly

Here's the real truth. Trump withdrew the U.S. from the semi-global TPP, which included Mexico and Canada. That meant, we already had a terrific trade agreement, which would have provided tariff free access to 40% of the world's economy (including Canada & Mexico). The only thing Trump had to do was sign the agreement. 

 

But in Trump World, they're going to give him credit for spending another 3 years negotiating many of the same terms which were already part of the TPP. Even better, the TPP included many more countries than just Canada and Mexico.

Honored Social Butterfly

 


@jimc91 wrote:
USMCA, a major Trump policy win, quietly begins July 1 as virus, economy, unrest dominate headlines

 

The White House has long touted the deal as a superior replacement for NAFTA

 

By Sophie Mann

 

 


 

Can the conservative side of arguments on this board EVER find resources that DON'T lead you back to the same names over and over and over?

 

Take Sophie Mann above...... journalist for "JUST THE NEWS".

 

Then check out JUST THE NEWS.........

 

Founded by, guess who, JOHN SOLOMON. SOLOMON'S work is well known to contain conspiracy theories, fake news, and lacks rigor in reporting. He is well known for bending narratives to creating false narratives to meet the needs of his articles.

 

But that isn't where the linkages end as far as who worked where and doing what.

 

Solomon was the editor-in-chief of THE WASHINGTON TIMES, Yes, yes.... the same WASHINGTON TIMES owned by the MOONIE CULT and serves as their mouthpiece. Many of the employees are CULT members. This CULT has ruined many an American family.

 

It seems to not matter what source conservatives use, it eventually leads back to the FRINGE FAR RIGHT sources like John Solomon, The Washington Times, Brietbart, The Daily Signal, or other FAKE NEWS, FAKE CONSPIRACY THEORY sites.

 

It's starting to get boring having to call them out on it time after time after time.

 

 

NO! IT'S CONSERVATIVES THAT ARE NUTTIER THAN SQUIRREL POOP!
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Honored Social Butterfly

Nancy didn't re-negotiate squat. It was a foot dragging expedition that amounted to, the two sides working for more than a year to resolve Democrat "concerns" about enforcement tools for labor and environmental standards. 

 

Her only contribution was slowing down the benefits to Americans in order to massage her power hungry black heart. She's a tool and a drunk.


Libs are nuttier than squirrel poop
Honored Social Butterfly

@Fishslayer777 Wrote:

 

Libs are nuttier than a porta potty at a peanut festival

 

 

++++++++++++++++++++++++++++++++++++

 

Yes and all they have to offer are lies, half truths and innuendo. They were offered civility and rejected it.  Their intellectual dishonesty is constant.

 

Reagan was absolutely right...  

 

"It's not that liberals are ignorant, it's just that so much of what they know, isn't so..."

 

 

 

 

 

VIMTSTL
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Honored Social Butterfly

Toad tells his worshipers he did something great, worshipers say 'THAT'S GREAT", but no Republican can EVER explain how what Toad did makes life better for Americans, or even provide details to explain WHAT Toad actually did that was different.

 

Like I said before, ONLY real change I could find is Mexico can now provide MORE parts for American cars, which increases profits and bonuses for the Corporate Oligarchs, but doesn't save a dime for the guy/gal buying the car and won't raise the wages of the folks building the cars OR THE DIVIDENDS FOR STOCK HOLDERS  by a red cent.

 

So WHAT exactly is the great thing that makes USMCA better than NAFTA?

Honored Social Butterfly


@Fishslayer777 wrote:

Nancy didn't re-negotiate squat. It was a foot dragging expedition that amounted to, the two sides working for more than a year to resolve Democrat "concerns" about enforcement tools for labor and environmental standards. 

 

Her only contribution was slowing down the benefits to Americans in order to massage her power hungry black heart. She's a tool and a drunk.


Not one word is correct. 

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Honored Social Butterfly

WHAT benefit for Americans? The only significant change I could see was in the amount of Mexican parts that can go into a "made in America" vehicle. Was there a commensurate decrease in the price of "American" cars and trucks?

 

Speaker Pelosi prevented even more disastrous Republican changes getting into the final bill, which does nothing visible, save change the name of the treaty. First thing President Biden needs to do is change it back to NAFTA.

Honored Social Butterfly

I find it interesting that posters who don't find anything wrong with the statement "Lefties Riot" have a problem with "Pelsoi Renegotiated".   

Honored Social Butterfly

From the link..

The deal is a result of more than two years of negotiation between the respective leaders of the countries. The new deal will affect more than $1 trillion a year in trade between among them.

Canada and Mexico are the two countries that receive the most U.S. exports annually. The United States imports more from its two continental neighbors than anywhere aside from China.

Trump complained during his 2016 campaign that the U.S. was getting financially clobbered under the Clinton-era agreement.

=====================================

Another, one of the many Trump's victories for our country.
Honored Social Butterfly


@KidBoy2 wrote:
From the link..

The deal is a result of more than two years of negotiation between the respective leaders of the countries. The new deal will affect more than $1 trillion a year in trade between among them.

Canada and Mexico are the two countries that receive the most U.S. exports annually. The United States imports more from its two continental neighbors than anywhere aside from China.

Trump complained during his 2016 campaign that the U.S. was getting financially clobbered under the Clinton-era agreement.

=====================================

Another, one of the many Trump's victories for our country.

Yes it is on the order of his victories with halting the virus. Only in Trump fantasy land.

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Honored Social Butterfly

Republicans cannot produce a single significant change from NAFTA or TPP to the USMCA. The best "news" I have found is a projection that the deal could add $65Billion to our GDP (that's +0.35%), BUT that is LESS than our farmers LOST from Toad's infantile trade war with China.  so MAYBE the agreement will get us back to where we were before Toad decided his lofos would be deceived with a name change that changed NOTHING else. Seems he was right on that point, if nothing else.

Honored Social Butterfly

One of the Dumbest economic moves Trump made was dropping out of the TPP. It was a free market agreement which would have given us tariff free access to 40% of the world's economy in Asia. Guess what?

 

Mexico and Canada were part of the TPP.

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Honored Social Butterfly

So we all agree... nasty nancy didn't renegotiate USMCA.

 

TPP would have never passed. We now have equitable deals with the major players in the Pacific rim... especially with South Korea and Japan. We already had a deal with AUS and the trade with NZ is balanced. 

 

 


Libs are nuttier than squirrel poop
Honored Social Butterfly

There is really something strange about this article. It look like it was written some years ago and got some type of quick update. In fact if you look at the web site it is on all the articles seem to be the same way. It looks like the site might be down except for updates on old stories.  Go check it out and post what you think.

You know this is another attempt at distraction from the real news of the day which it looks like is Trump calling the Russian  bounty program against our troops a HOAX. At the same time his WH people are telling us how they developed actions the US could take against Russia for having the program.

You do not develop actions against what is a HOAX.

Trump in action and the cover up for him by supporters under way.

 

By the way the program the article talks about had few changes from the original program it replaced. The original program was up for renegotiation by its terms, and that is what happened. They changed the name to pacify our child President.

Honored Social Butterfly

So no.... Nutty Nancy didn't renegotiate squat.... thank y'all for that.


Libs are nuttier than squirrel poop
Honored Social Butterfly


@Fishslayer777 wrote:

So no.... Nutty Nancy didn't renegotiate squat.... thank y'all for that.


No Nancy did not renegotiate anything as that is not her job. She got it through the house and that is her job.

When one knows how treaties are approved they know that. Sadly Trump does not even know there were few changes, just the name changed and for our child President and the far right they think it is all new.

No wounder Trump thinks the virus is a hoax, and Russia is always correct.

Honored Social Butterfly

Yes, congratulations to trump on basically renaming NAFTA!

Oh, and when is Mexico going to pay for the wall? Problem, trump can’t use the money he stole, illegally from the Military. And what’s happening with the great trade deal trump is negotiating with China! 

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Honored Social Butterfly

The statement  was made.  she re-negotiated the deal. Y'all are not entitled to your make believe facts and then slight of hand change the topic.

 

Typical


Libs are nuttier than squirrel poop
Honored Social Butterfly


@Fishslayer777 wrote:

The statement  was made.  she re-negotiated the deal. Y'all are not entitled to your make believe facts and then slight of hand change the topic.

 

Typical


That statement was  made by you and I corrected you.

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Honored Social Butterfly

After Pelosi renegotiated it for him. So much for the "art of the deal"

Honored Social Butterfly

@Richva 

 

Could you list the renegotiated portions of the agreement? I didn't know she had the authority to negotiate deals with foreign governments.


Libs are nuttier than squirrel poop
Honored Social Butterfly

Fishslayer: 

Could you list the renegotiated portions of the agreement? I didn't know she had the authority to negotiate deals with foreign governments.

 

 

Didn't Fox mention it had to be ratified by congress? 🤣

 

 

House Democrats and the White House have a deal to move forward with USMCA trade agreement

https://www.cnbc.com/2019/12/10/house-democrats-and-trump-administration-reach-usmca-trade-deal.html

Honored Social Butterfly

I get ratification... but the statement was made ...  "Pelosi renegotiated the agreement".... can you shed some facts about that? I don't recollect that happening.

 

Anyone?


Libs are nuttier than squirrel poop
Honored Social Butterfly

Fishslayer:      I get ratification... but the statement was made ... "Pelosi renegotiated the agreement"....

 

Ok, I'll explain it. It had to be ratified by congress, and Nancy Pelosi insisted it had to be changed before she would  agree to that. Therefore, it was "renegotiated" so it was more to the Democrats liking (the negotiations were between the R's, Pelosi, and the WH.....it does not mean negotiating with Mexico or Canada). Got that now?

 

 

 

can you shed some facts about that? I don't recollect that happening.

 

You probably don't recollect it happening because Fox leaves out much in their version of the news.

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  YEA - says Mexico!   https://asia.nikkei.com/Business/Automobiles/Japan-auto-companies-triple-Mexican-pay-rather-than-mov...

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