Trump & America win again. USA/Canada/Mexico tease deal reached.

Or the drastic increase in labor cost will cause jobs to bleed from Mexico, you are removing one of their biggest advantages. That means less work in Mexico and more in the USA for which we do not need (unemployment already historically low). So we get higher prices for cars and more poverty to our south. LOSE -LOSE.

 

lol... China no longer has "Free Trade" with Mexico and Canada thanks to Trump.

In fact Canada, Mexico, and the U.S. can now only by 25% of autoparts from China or elsewhere.

Well done Trump!

UNIONS SHOULD BE VERY GRATEFUL TO THE REPUBLICANS and SPECIFICALLY TRUMP.

 

Yet this deal you praise, has min wage requirements. I guess we'll see if unemployment rises.

You also know, there have been many dozens of min wage increases over the last 80 or so years. And guess what, we have a real strong economy. Looks like to min wages didn't kill anything.
D's didn't write this deal with the min wage implanted into it. Why are you not focusing on this min wage you claim is bad, but implemented by tRUMP.
Do you think the congress will reject this plan, especially R's, because of the min wage and telling businesses where they have to purchase their parts from?

Why are you bringing the D's into this new NFAFTA discussion at all? Who cares about d's? They're irrelevant.

 

Good to see another RWer who thinks trade deals need to be restrictive. You guys will be union shop stewards in no time.

 

It does not artificially raise Americans' wages. Im not worried about other countries.

 

It's an interesting clause for sure. Though, it also means we can look at any FTAs you want to make with any countries as well.

 

I'm saying you dont got a clue what the deal is about.

 

We do know it was approved by a POTUS that is more pro-American in trade than we're used to.
We do know the Canadan PM had to be dragged by the ankles to accept it.
We know the stock market investors loved it.
We know Democrats hate it.

Knowing all that... You don't have to read it to know it's good for America.

 

But you do not got a clue what it's about. lol

 

This is how dumb Americans stay uninformed

 

MAGA

 

WINNING!

 

According to this Toyota pay chart, it does affect American's wages.
https://www.indeed.com/cmp/Toyota/salaries?job_category=manufacturing

If it's good for automakers production it ought to be good for every industry.
You are for this min wage increase. Why don't you like all American workers?

 

You spelled whining wrong.

 

Nailed it! Thread Win!

China's Communist government sees neo-NAFTA as strategic warfare aimed at China.

Beijing has got this one right. The Trump administration's USMCA gives Washington a powerful economic and diplomatic tool for achieving the U.S. and its key allies' most vital long-range goal in the Indo-Pacific region: preventing China from becoming a hegemonic regional power. Key U.S. allies in the Indo-Pacific is shorthand for Canada, Japan, Australia, South Korea and Singapore. India is a quiet ally, though continued Chinese misbehavior will ensure India morphs from quiet to key.

China's specious claims to the South China Sea and its artificial island invasion of the region have hardened opposition to the Beijing dictatorship's aggressive expansion. Manufacturing phony islands in Filipino maritime territory and then topping the fake islets with runways for combat aircraft moved beyond influence peddling to physical threat. Chinese and Indian soldiers sparring in the Himalayas and Chinese warships almost ramming U.S. Navy vessels, the most recent Sept. 30, increase suspicion of Chinese motives and resistance to Chinese actions.

Chinese and American leaders appear to share two general assessments of their escalating "great power" competition, and both are grounded in economics. First, the military and diplomatic dimensions of 21st-century Chinese "national imperialism" rely on Chinese economic might and continued productivity. And second, the "miracle phase" of China's economic revival is over. Per capita GDP went from $333 in 1991 to $7,500 in 2017, but the plateau phase has begun. For the moment, China's grand strategy of national imperial expansion is vulnerable.

Corruption challenges the dictatorship's legitimacy. Managing the complex economy and addressing social and environmental problems test its technical credibility. China can no longer supply itself internally. It must import resources from Asia, Africa and the Americas. Communist legacies like state-owned enterprises employ people and party loyalists but they eat capital. Modernizing China's military to rival the U.S. has bled red ink and matching the Pentagon's might is not assured. Strategypage.com recently observed that corruption and mismanagement "cripple" China's armed forces.

The general assessments and vulnerabilities tell Washington that the time to curb China's appetite for imperialist aggression is now, by cutting off its economic oxygen.

The Trump administration tied NAFTA revisions to domestic political objectives, but Chinese strategists would deem that clever subterfuge. Trade war tweet threats with America's largest trading partner, Canada, shook markets, but the initial Mexico-U.S. agreement sent another signal. Some changes Washington wanted Mexico City could give. Some components provided by non-USMCA nations could draw tariffs. Beijing read that as a shot at China's exports, which are subject to U.S. tariffs. And it was. Cheaper Chinese car parts couldn't evade U.S. tariffs.

Since the deal maintains Mexican access to the U.S. and Canadian markets, Mexico's long-term international economic position could improve. The space is there for Mexico to competitively manufacture many products China makes. That cuts Chinese cash for weapons.

Mexico and Canada know China is anything but a friend, and the USMCA demonstrates that. Both nations will support U.S. demands that China respect intellectual property rights and pay royalties instead of committing intellectual property theft.

China's unreliable legal system already makes it risky place to invest. Increasing Chinese production costs increases investment risks.

https://strategypage.com/on_point/20181003155451.aspx

 

Trump helped Mexico, U.S. Unions and Economy, and maybe the Canadians... while taking a bite out of China.

They should want to pay for the wall. Their citizens should gain more good work from it and perhaps stay of their own accord.

 

Trump's got his chopsticks whirling at warp speed!

Yuan Tumbles, Tests Critical Support As Gold's Golden Week Pattern Repeats

With most of China on holiday as Golden Week is in full swing, offshore yuan is plunging tonight - back near yesterday's mini-flash-crash lows - testing critical support levels above the cycle lows from August...

 

THE DEBACLE THAT IS THE TRUMP PRESIDENCY CONTINUES: Jobless Claims Near 49-year Low.

 

How FOS could you be, there is no free trade today? We would love some free trade but every country in this discussion has tariffs and high taxes on our goods so only an idiot would think that we should freely trade with them while they're bending us over. You dems have lost your collective minds here, even your leaders are happy good grief put your TDS on pause for once and have a remotely honest discussion.

 

Bullshit. Just bullshit. What you're crying for is more manufacturing to be brought back here - but that WILL NOT happen. We are already at almost 100% employment. Who's going to work? As soon as automation gets to be more effective and we can actually compete in the global market THEN those plants will fire back up. No need to fu** with the free market.

 

How FOS or NAIVE are you?
There is no such thing as free trade.
There's always rules
Maybe back in the 1800s when some guy who claimed to be a doctor did some work for a chicken or something.
But since the inception of money as means of exchange, there's no free trade.

We also impose taxes and tariffs. We are also still the biggest economy in the world. If we were getting shafted all these years, how did that happen?
Now I agree, in the 1990s when the REPUBLICANs sold us out with many of those trade agreements, we lost many many jobs.
Most all those deals you whine about, were pushed thought by REPUBLICANs.
Nice to see them owning up and trying to correct their errors.

BTW - no dem here.

This new trade deal, that was to replace NAFTA, the worst deal in the history of the USA, was slightly tweaked.
And it include min wage requirements.
How many parts can come from certain places.
What % of parts are to be from certain places.
While that may be good, it certainly doesn't ring of any FREE TRADE you think might exist.

 

Damn that Trump.

All this prosperity is going to be the death of America.

 

Any success will be despite trump not because of him. I'm not sure trump can even spell his name.

 

By "Free Market", do you mean they impose tarrifs on us and we do nothing?

 

Yeah...

It's just a coincidence that all this happened after Trump undid a bunch of Obama regulations and changed the tax code, and started supporting business instead of vilifying it...

Just a coincidence that Obama could never accomplish in 8 years what Trump has in 2.