Trump hails trade pact with Canada, Mexico as win for U.S. workers

[joecoolfrog]

4 hours ago, vinegarbase said:

Yes, fair like Canada with their dairy tariffs. It's not up to us anyways. If they are signing this deal then it seems all parties have reached what they consider to be a fair deal. This is good for North America to get back to normal relations and business dealings now that trade friction is not in the way. 

Yes it is good that the ststus quo has returned. However Trump started the debate and is now boasting of a glorious victory , plucking numbers out of thin air , how does anybody take this gaz bag seriously ?

[timendres]

13 hours ago, wwest5829 said:

I’m thinking the bigger immediate threat to our Social Security is from the majority party in Congress declaring that this and Medicare expenditures must be cut to help cover the new tax bills borrowing.

I believe the real threat to be the day the US must pay real interest rates on the mountain of debt directly in front of us, and then the second mountain of unfunded liabilities right behind it. The tsunami of baby boomers coming at us is cresting, and the fact that the Federal government continues to deficit spend in front of it (the point of your post) is criminally stupid. The path to disaster has already been paved. The shuffling of the chairs on this Titanic is meaningless.

Edited October 2, 2018 by timendres

[lannarebirth]

 

Quote

 

An under-the-radar provision in the US-Mexico-Canada trade deal looks like a direct shot at China

Chapter 32 of the new deal, which overhauls NAFTA, addresses the ability of members to enter into a free-trade agreement with a country that has a "non-market economy." While many countries are considered to have nonmarket economies, the most notable member of the list is China.....

 

Quote

Given the tight links between the three North American economies, maintaining the USMCA would most likely take priority over a deal with China.

 

 

https://www.businessinsider.com/trump-us-mexico-canada-nafta-trade-deal-china-2018-10

Edited October 2, 2018 by lannarebirth

[Ulic]

The only significant difference is the name change and Trump negotiated it. So it can now go from being the absolute worst deal the US has negotiated, to an excellent deal for the USA. It was all about the ego of one man. Now we can move on. 

[lannarebirth]

3 minutes ago, Ulic said:

The only significant difference is the name change and Trump negotiated it. So it can now go from being the absolute worst deal the US has negotiated, to an excellent deal for the USA. It was all about the ego of one man. Now we can move on. 

 

Or put another way, it was all about China.

[Nyezhov]

so who here has read it, in its entirety, and can tell whats new. Must be all the folks critisizing it evidently......

Edited October 3, 2018 by Nyezhov

[Nyezhov]

Here is an interesting analysis from a left leaning venue:

https://www.theatlantic.com/international/archive/2018/10/trump-nafta-canada/571795/

[bristolboy]

10 minutes ago, Nyezhov said:

Here is an interesting analysis from a left leaning venue:

https://www.theatlantic.com/international/archive/2018/10/trump-nafta-canada/571795/

The Atlantic has a wide range of commentators running from left to right.

As for this particular articular, it seems to be at war with itself: "marginally more access" is significant? "The mechanism for adjudicating trade disputes" which Trump stridently opposed, remains intacts.  And the sunset clause is a very very watered down version of what Trump wanted.

"Among the most significant changes: U.S. dairy farmers will have marginally more access to Canada’s market, a win for the U.S.; the mechanism used to resolve trade disputes is being preserved, despite strong U.S. opposition to it; Canadian and Mexican auto imports will have some exemptions from U.S. auto tariffs; and the new trade agreement will have a sunset clause—16 years, up from the five years the U.S. had demanded. The agreement must be approved by the legislatures in all three countries, which is by no means assured. Until then, nafta remains in place. "

"The mechanism for adjudicating trade disuptes" which Trump stridently opposed, remains intacts.  And the sunset clause is a very very watered down version of what Trump wanted.

Of course it does offer increased protection for the pharmaceutical industry which Trump the candidate railed at but Trump the President has pretty much rolled over and played dead for. Except when he's actively helping it.

 

[riclag]

I lost my job because of NAFTA.After signed into law in "93" ,within a few years it killed many of the Teamster Union trucking jobs, in the USA.It put restrictions on intermodal operations with Mexico and Canada. 

We use to have the rights to move all  freight containers from the boarders to the USA and visa versa ,Mexico and Canada with freight going into those countries. But Clinton and Bush and the globalist stopped all of that.

Many MFG jobs where outsourced to those and other countries.

 

 

[heybruce]

13 hours ago, lannarebirth said:

 

 

 

 

https://www.businessinsider.com/trump-us-mexico-canada-nafta-trade-deal-china-2018-10

 

9 hours ago, lannarebirth said:

 

Or put another way, it was all about China.

How does a paragraph that gives the US some influence in future Canadian and Mexican dealings with China make this deal better than the TPP, in which the world's largest and third largest economies (the US and Japan) along with Canada, Mexico and eight other countries, would have required China trade in accordance with western rules?

 

As I stated earlier, Trump has finally figured out the obvious; he can't bully the rest of the world into playing according to his rules.  He is now attempting to negotiating minor face-saving modifications to existing deals so he can attempt to deal with China with allies on his side.  However by rejecting the TPP and outraging all allies, he will accomplish very little.  He has set efforts to have world trade conducted by western rules back by many years, if not decades.

[canuckamuck]

On 10/2/2018 at 3:04 PM, mikebike said:

Keep telling yourself that and make sure to post in every thread relating to Canada.

 

Someone will hear you eventually.

Did you see the Quebec election results? 2019 will be the end of the snowflake parliament.

My work is nearly done. 

[bristolboy]

14 minutes ago, canuckamuck said:

Did you see the Quebec election results? 2019 will be the end of the snowflake parliament.

My work is nearly done. 

Well if that prediction is anything like yours about the outcome of the Nafta negotiations, Trudeau's prospects are looking very good indeed.

[bristolboy]

5 hours ago, riclag said:

I lost my job because of NAFTA.After signed into law in "93" ,within a few years it killed many of the Teamster Union trucking jobs, in the USA.It put restrictions on intermodal operations with Mexico and Canada. 

We use to have the rights to move all  freight containers from the boarders to the USA and visa versa ,Mexico and Canada with freight going into those countries. But Clinton and Bush and the globalist stopped all of that.

Many MFG jobs where outsourced to those and other countries.

 

 

And Trump's version of the Nafta does nothing at all about that.

[canuckamuck]

1 minute ago, bristolboy said:

Well if that prediction is anything like yours about the outcome of the Nafta negotiations, Trudeau's prospects are looking very good indeed.

I made no prediction. I simply described the mismatch between the anchorless trust fund kid, and the veteran wheeler dealer.

Trump was merciful, we should all be grateful.

[bristolboy]

6 minutes ago, canuckamuck said:

I made no prediction. I simply described the mismatch between the anchorless trust fund kid, and the veteran wheeler dealer.

Trump was merciful, we should all be grateful.

Sure. Donald Trump was merciful. In fact, Trump was complaining about how hard-nosed the Canadian negotiators were. And who is their boss? I'll give you a hint. The initials are J.T. And not all your baseless character assassination or ridiculous representations of Donald Trump's character can alter that. You were dead wrong.

[bristolboy]

5 hours ago, riclag said:

I lost my job because of NAFTA.After signed into law in "93" ,within a few years it killed many of the Teamster Union trucking jobs, in the USA.It put restrictions on intermodal operations with Mexico and Canada. 

We use to have the rights to move all  freight containers from the boarders to the USA and visa versa ,Mexico and Canada with freight going into those countries. But Clinton and Bush and the globalist stopped all of that.

Many MFG jobs where outsourced to those and other countries.

 

 

I can't believe that an ex-Teamster is an 0ver-the-top suporter of Trump. This is the guy who has already gotten one viciously anti-worker justice onto the Supreme court and is now trying to get another one on.

[vinegarbase]

23 hours ago, joecoolfrog said:

Yes it is good that the ststus quo has returned. However Trump started the debate and is now boasting of a glorious victory

Status Quo? Please explain how this is maintaining the status quo? You have no idea what you are talking about. The facts speak for themselves. MAGA! Thank you Trump!

 

• American farmers will have increased access to the supply-managed Canadian dairy market. Specifically, Canada has increased the market access to 3.59 per cent, and the federal government agreed to get rid of what was known as Class 7 pricing on some dairy ingredients. The Americans are viewing this as “a big win” for them. It’s a bigger concession than what Canada made in the Trans Pacific Partnership.
• Canada maintained the original NAFTA text related to an exemption for cultural industries, which is aimed at protecting such things as Canadian media and bilingual content.
• Under the USMCA trade deal, online cross-border shipments to Canada worth less than $150 will no longer be subject to duties. The deal raises the raises the minimum purchase price that qualifies for duties and taxes, known as the de minimis threshold, up from $20 to $40.
• The deal includes 12 side letters on issues including wine, water, and cheese names. Eight were posted with the first full text of the deal Sunday night, and four others were published later, regarding the national security provision, aka Section 232.
• The new deal also has new measures the government says will help Canada’s natural resources sector; as well as a new environment chapter with measures related to air quality and marine pollution.
• The deal includes stronger rules of origin for autos, and an “ambitious” slate of other provisions related to the digital age.
• It includes a termination provision aimed at preventing the deal from becoming outdated. It states that the deal is good for 16 years after it comes into force, but within the first six years a mandatory “joint review” will be conducted to determine whether all three countries want to extend the agreement for another 16 years. It maintains the six month opt-out of the deal notice that existed in NAFTA.
• The investor-state dispute settlement process (ISDS) is also being phased out between Canada and the United States, which Freeland said has cost Canadians millions in legal fees.
• The U.S. has given Canada assurance that an exemption — should Trump follow through on a 25 per cent tariff on autos — would be granted for 2.6 million vehicles and US$32.4 billion worth of auto parts.
• The exchange of steel and aluminum tariffs between Canada and the U.S. remain in place for now, though the federal government is indicating that with the new deal momentum, they’re hopeful that the tariffs could be lifted before the deal is signed.

Edited October 3, 2018 by vinegarbase

[bristolboy]

8 minutes ago, vinegarbase said:

Status Quo? Please explain how this is maintaining the status quo? You have no idea what you are talking about. The facts speak for themselves. MAGA! Thank you Trump!

 

• American farmers will have increased access to the supply-managed Canadian dairy market. Specifically, Canada has increased the market access to 3.59 per cent, and the federal government agreed to get rid of what was known as Class 7 pricing on some dairy ingredients. The Americans are viewing this as “a big win” for them. It’s a bigger concession than what Canada made in the Trans Pacific Partnership.
• Canada maintained the original NAFTA text related to an exemption for cultural industries, which is aimed at protecting such things as Canadian media and bilingual content.
• Under the USMCA trade deal, online cross-border shipments to Canada worth less than $150 will no longer be subject to duties. The deal raises the raises the minimum purchase price that qualifies for duties and taxes, known as the de minimis threshold, up from $20 to $40.
• The deal includes 12 side letters on issues including wine, water, and cheese names. Eight were posted with the first full text of the deal Sunday night, and four others were published later, regarding the national security provision, aka Section 232.
• The new deal also has new measures the government says will help Canada’s natural resources sector; as well as a new environment chapter with measures related to air quality and marine pollution.
• The deal includes stronger rules of origin for autos, and an “ambitious” slate of other provisions related to the digital age.
• It includes a termination provision aimed at preventing the deal from becoming outdated. It states that the deal is good for 16 years after it comes into force, but within the first six years a mandatory “joint review” will be conducted to determine whether all three countries want to extend the agreement for another 16 years. It maintains the six month opt-out of the deal notice that existed in NAFTA.
• The investor-state dispute settlement process (ISDS) is also being phased out between Canada and the United States, which Freeland said has cost Canadians millions in legal fees.
• The U.S. has given Canada assurance that an exemption — should Trump follow through on a 25 per cent tariff on autos — would be granted for 2.6 million vehicles and US$32.4 billion worth of auto parts.
• The exchange of steel and aluminum tariffs between Canada and the U.S. remain in place for now, though the federal government is indicating that with the new deal momentum, they’re hopeful that the tariffs could be lifted before the deal is signed.

I'm assuming you cut and pasted this from somewhere since so much of what is here doesn't support your case at all. But let's take one that you think does. After all Trumps anger and storming about Canada's dairy system it remains almost 100 percent in place. The deal that the Trump administration negotiated gives the USA 0.1 percent more than the TPP agreement would have done

And the bottom line is that economists say, that the deal, will at most, add .1 percent increase of GDP for the USA. And that's at most. It might actually end up hurting that thanks to the auto content provisions.

All that fuss for so little..

[heybruce]

30 minutes ago, vinegarbase said:

Status Quo? Please explain how this is maintaining the status quo? You have no idea what you are talking about. The facts speak for themselves. MAGA! Thank you Trump!

 

• American farmers will have increased access to the supply-managed Canadian dairy market. Specifically, Canada has increased the market access to 3.59 per cent, and the federal government agreed to get rid of what was known as Class 7 pricing on some dairy ingredients. The Americans are viewing this as “a big win” for them. It’s a bigger concession than what Canada made in the Trans Pacific Partnership.
• Canada maintained the original NAFTA text related to an exemption for cultural industries, which is aimed at protecting such things as Canadian media and bilingual content.
• Under the USMCA trade deal, online cross-border shipments to Canada worth less than $150 will no longer be subject to duties. The deal raises the raises the minimum purchase price that qualifies for duties and taxes, known as the de minimis threshold, up from $20 to $40.
• The deal includes 12 side letters on issues including wine, water, and cheese names. Eight were posted with the first full text of the deal Sunday night, and four others were published later, regarding the national security provision, aka Section 232.
• The new deal also has new measures the government says will help Canada’s natural resources sector; as well as a new environment chapter with measures related to air quality and marine pollution.
• The deal includes stronger rules of origin for autos, and an “ambitious” slate of other provisions related to the digital age.
• It includes a termination provision aimed at preventing the deal from becoming outdated. It states that the deal is good for 16 years after it comes into force, but within the first six years a mandatory “joint review” will be conducted to determine whether all three countries want to extend the agreement for another 16 years. It maintains the six month opt-out of the deal notice that existed in NAFTA. 
• The investor-state dispute settlement process (ISDS) is also being phased out between Canada and the United States, which Freeland said has cost Canadians millions in legal fees.
• The U.S. has given Canada assurance that an exemption — should Trump follow through on a 25 per cent tariff on autos — would be granted for 2.6 million vehicles and US$32.4 billion worth of auto parts.
• The exchange of steel and aluminum tariffs between Canada and the U.S. remain in place for now, though the federal government is indicating that with the new deal momentum, they’re hopeful that the tariffs could be lifted before the deal is signed.

"It includes a termination provision aimed at preventing the deal from becoming outdated. It states that the deal is good for 16 years after it comes into force, but within the first six years a mandatory “joint review” will be conducted to determine whether all three countries want to extend the agreement for another 16 years. It maintains the six month opt-out of the deal notice that existed in NAFTA."

 

Yes, the new deal provides greater risk for industries planning long term investments.  That's good because...well, if must be good for some reason.

[riclag]

Don't listen to the hatred that comes from other countries citizens especially the people that have a  hatred for PT.They don't live in North America! They would have you believe that the new NAFTA hasn't changed anything,Hogwash!

If your in favor of loosing jobs and watching other countries being given them ,well I feel sorry for you. I was effected by the old NAFTA.The new NAFTA has American first interest,as opposed to all of the past administrations globalist agenda of outsourcing jobs. PT was the only one to want to take interest in changing that.

 

 The old NAFTA put thousands of Teamster union trucking jobs out of work! The law was was put into place by the anti union globalist,Bush and Clinton .Essentially it stopped the intermodal operation of freight containers at the boarders of the USA and Mexico. Freight containers were always  staged at the boarder where we would retrieve and dispatch all over the country.Mexico was allowed to cross the US and transport the containers taking thousands of jobs,many of these drivers didn't have the extensive training in road safety especially in Hasmat,  which is required at the time  .

 

Hoffa was quoted "The Teamsters are pleased with the progress that has been made towards replacing NAFTA. As North America's supply chain union, the Teamsters have a big stake in cross-border trade. That's why we appreciate the creative approach by the USTR in fixing a problem with the original NAFTA that is a legacy issue for us and our allies among environmental and highway safety advocates".

The Unions are appreciative of the efforts but still need to look at the agreement since it is so new.

https://www.prnewswire.com/news-releases/hoffa-teamsters-not-ready-to-support-or-oppose-new-nafta-replacement-300721907.html

 

Edited October 3, 2018 by riclag