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Old 08-27-2018, 04:24 PM   #1
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Trump secured a win in the Mexico trade war!

MAGA! Trumpy going to get us that wall too!

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In a trade victory for President Trump's divide and conquer approach, the United States and Mexico reached agreement on a new trade pact on Monday, raising hopes that a three-party deal with Canada can be reached to redraw the North American Trade Agreement.

“A big deal looking good with Mexico!” Trump tweeted on Monday.

U.S. and Mexican negotiators worked through the day Sunday to conclude their talks, which focus primarily on autos that will be accepted without tariffs in the United States. The agreement provides that 85 percent of the parts in the car must be made in North America to be considered for tariff-free imports.

The Trump Administration had been concerned that car parts from Europe and Asia, especially china, were being assembled in cars in Mexico and then imported for sale in the United States.

As part of the new deal, the U.S. will impose duties of 2.5 percent on cars that don’t meet the agreement’s terms on car parts from North America at existing car assembly plants in Mexico. But cars made at new plants could face higher tariffs of 25 percent.

Canada had been most concerned about low wages at Mexican car factories siphoning auto industry jobs from Canadian and U.S. factories.

The two sides also agreed on terms to reduce Mexico’s restrictions on foreign oil companies wanting to do business in Mexico.

Canada has said that it does not feel shut out of the negotiations because the problems between Mexico and the U.S. were the most intractable. Now that they have been resolved Canada will rejoin the talks on the trilateral issues.

“NAFTA is overall a trilateral agreement, but inside that trilateral agreement, there are bilateral trading relationships,” Canadian Foreign Minister Chrystia Freeland said. “The U.S.-Mexican issues inside NAFTA are really complicated and it makes a lot of sense — and we welcome the fact — that the U.S. and Mexico are rolling up their sleeves and devoting a lot of time to resolving those issues.”

Trump had demanded a rewrite of NAFTA, claiming that Mexico was stealing jobs and taking advantage of the previous NAFTA agreement, citing the fact that Mexico enjoyed a $63.6 billion trade surplus with the United States in 2017.

Critics pointed out that much of that surplus came from cars that were assembled from parts made in the U.S. and Canada, but the total car price was included in the bilateral Mexican-U.S. trade figures.

By requiring higher content made in the U.S. and Canada, the new trade deal may fractionally increase employment in the U.S., but most of these factory jobs have now been taken over by robots.


U.S. President Donald Trump speaks a s Representative Jeb Hensarling, a Republican from Texas, left, reacts during a roundtable discussion on the Foreign Investment Risk Review Modernization Act (FIRRMA) in the Roosevelt Room of the White House in Washington, D.C., U.S., on Thursday, Aug. 23, 2018. Tariffs on technology from China have led to U.S. economic gain, President Trump said. Photographer: Yuri Gripas/Bloomberg

One key sticking point in the negotiations was a demand by Trump that there be a so-called sunset clause in the agreement, meaning that it would end after a fixed number of years and have to be renegotiated. Mexico said on Saturday that the Americans had dropped the sunset clause, clearing the way for an agreement.

https://www.forbes.com/sites/charles.../#24015f007806
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Old 08-27-2018, 04:47 PM   #2
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Funny, here's Obama promising to renegotiate nafta. Of course he didn't do jack shit like most politicians.

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Old 08-27-2018, 04:50 PM   #3
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Mexico is not paying for the wall

Duped again
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Old 08-27-2018, 04:52 PM   #4
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Mexico is not paying for the wall

Duped again
They just might end up paying for it Alfred...wait and see.
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Old 08-27-2018, 04:55 PM   #5
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They just might end up paying for it Alfred...wait and see.
How much longer should we wait? Trump said it was going to be the first thing he does. That was almost 2 years ago. Get with reality Matt.

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Old 08-27-2018, 04:59 PM   #6
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How much longer should we wait? Trump said it was going to be the first thing he does. That was almost 2 years ago. Get with reality Matt.

It will probably be completed when he walks out... in 2024
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Old 08-27-2018, 05:01 PM   #7
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Congrats Trump for cut trade deficit.
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Old 08-27-2018, 05:44 PM   #8
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This is just more pure bullshit from White House. From the original text:

"the United States and Mexico reached agreement on a new trade pact on Monday"

What exactly does this mean? Did they fix NAFTA? Nope. Did they sign a new agreement to replace NAFTA? Did they sign anything at all? Nope. Basically, they "reached an agreement" that "might" lead to some kind of a deal "in the future".

We are now two years into this administration and what has Trump accomplished? Has he signed a single trade agreement with anyone? Nope.

At this point we have a "potential agreement" with one out of two countries involved. So basically we have nothing.... After two years we still have nothing.

This administration is a joke.
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Old 08-27-2018, 05:54 PM   #9
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This is just more pure bullshit from White House. From the original text:

"the United States and Mexico reached agreement on a new trade pact on Monday"

What exactly does this mean? Did they fix NAFTA? Nope. Did they sign a new agreement to replace NAFTA? Did they sign anything at all? Nope. Basically, they "reached an agreement" that "might" lead to some kind of a deal "in the future".

We are now two years into this administration and what has Trump accomplished? Has he signed a single trade agreement with anyone? Nope.

At this point we have a "potential agreement" with one out of two countries involved. So basically we have nothing.... After two years we still have nothing.

This administration is a joke.
It has to be ratified by Congress.....
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Old 08-27-2018, 06:59 PM   #10
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Oh and he denuked korea too...and killed osama...MAGA right around the corner...any day now...is anybody feeling the MAGA now?...there was supposed to be tons and tons of MAGA...anybody see it?
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Old 08-27-2018, 08:10 PM   #11
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This is just more pure bullshit from White House. From the original text:

"the United States and Mexico reached agreement on a new trade pact on Monday"

What exactly does this mean? Did they fix NAFTA? Nope. Did they sign a new agreement to replace NAFTA? Did they sign anything at all? Nope. Basically, they "reached an agreement" that "might" lead to some kind of a deal "in the future".

We are now two years into this administration and what has Trump accomplished? Has he signed a single trade agreement with anyone? Nope.

At this point we have a "potential agreement" with one out of two countries involved. So basically we have nothing.... After two years we still have nothing.

This administration is a joke.
Hey there ..... He fixed North Korea, earning a Nobel peace prize doing so ....


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Old 08-27-2018, 08:15 PM   #12
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It has to be ratified by Congress.....
What has to be ratified by Congress? So far all they have is an agreement on "some parts of NAFTA" which doesn't include one third of the parties involved. There is nothing for Congress to ratify.

This is North Korea all over again. They signed an agreement that states they agree to talk more?

Two years and not a single agreement signed.
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Old 08-28-2018, 12:50 AM   #13
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Funny, here's Obama promising to renegotiate nafta. Of course he didn't do jack shit like most politicians.
That's typical for a career politician. During campaigning, they'll say whatever it takes to get your vote. After they get elected, they forget everything they promised and do exactly what it is they'd secretly planned to do from the very beginning. And if you don't like it, fuck you.

Career politician + campaign + "I promise" = red flag

Kinda like how a guy who's dying to get laid will tell a woman whatever it takes to get in her pants. And then forget about her the next day.
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Old 08-28-2018, 04:47 AM   #14
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...
Two years and not a single agreement signed.
agreement it is for the second term
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Old 08-28-2018, 07:44 AM   #15
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They just might end up paying for it Alfred...wait and see.
No need to build it. Mexicans have visa free access to Canada. You can fly from Mexico City to Toronto for as low as 300 dollars...and then just walk over to USA. Now you may need a wall with Canada and have the Canadians pay for it
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Old 08-28-2018, 10:26 AM   #16
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Now he can frame it and hang it on the wall next to the North Korean Deal and fake Time cover!
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Old 08-28-2018, 11:07 AM   #17
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Interesting portion from the article

"By requiring higher content made in the U.S. and Canada, the new trade deal may fractionally increase employment in the U.S., but most of these factory jobs have now been taken over by robots."
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Old 08-28-2018, 11:11 AM   #18
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Hats off to Mexico for figuring out how to deal with this shitstain potus.
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Old 08-28-2018, 11:19 AM   #19
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This is just more pure bullshit from White House. From the original text:

"the United States and Mexico reached agreement on a new trade pact on Monday"

What exactly does this mean? Did they fix NAFTA? Nope. Did they sign a new agreement to replace NAFTA? Did they sign anything at all? Nope. Basically, they "reached an agreement" that "might" lead to some kind of a deal "in the future".

We are now two years into this administration and what has Trump accomplished? Has he signed a single trade agreement with anyone? Nope.

At this point we have a "potential agreement" with one out of two countries involved. So basically we have nothing.... After two years we still have nothing.

This administration is a joke.
Just like the amazing results of his North Korean summit ?
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Old 08-28-2018, 02:44 PM   #20
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Congrats Trump for cut trade deficit.
That credit goes to Obama for allowing exports of OIL.
That is what changed the trade $$$ equation.
We still import as much other goods as we did.
We just export more oil than before. Trump had nothing to do with that.
And that could have equated to more jobs, except we traded them from Trucks and Rail to pipelines.
Of course we did create a few more making the pipelines, till those are all done.
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Old 08-28-2018, 02:48 PM   #21
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Just like the amazing results of his North Korean summit ?
LOL
Sooooo true...
I'm not sure why he thought it was going to be any different with him as it has other presidents.
The only difference IS THAT HE FELL FOR IT HOOK LINE AND SINKER.
How embarrassing !
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Old 08-28-2018, 02:49 PM   #22
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And just as they expected the agreement to agree on the new trade deal is crappy for Americans....

This is the way the Trump administration operates. They have no idea what they are doing, declare a win, and then everyone finds out it's all fucked up.
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Old 08-28-2018, 02:58 PM   #23
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This is just more pure bullshit from White House. From the original text:

"the United States and Mexico reached agreement on a new trade pact on Monday"

What exactly does this mean? Did they fix NAFTA? Nope. Did they sign a new agreement to replace NAFTA? Did they sign anything at all? Nope. Basically, they "reached an agreement" that "might" lead to some kind of a deal "in the future".

We are now two years into this administration and what has Trump accomplished? Has he signed a single trade agreement with anyone? Nope.

At this point we have a "potential agreement" with one out of two countries involved. So basically we have nothing.... After two years we still have nothing.

This administration is a joke.
And Mexico President Have made it clear many times over the phone on the speaker with President Trump, that Canada Needed to be part of the agreement to have a deal with the USA. All in all 3 Amigos Deal is there to stay... Like they say in the news this morning they could even Call it " Trump Deal " to make him happy and shut up

https://www.ctvnews.ca/politics/what...xico-1.4070384

Hola Amigos
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Old 08-28-2018, 03:05 PM   #24
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In a tweet posted Tuesday afternoon, Mexican foreign minister Luis Videgaray Caso hit back on Donald Trump’s proclamation that the country will “ultimately” pay for a border wall.

“We just reached a trade understanding with the US, and the outlook for the relationship between our two countries is very positive,” the foreign minister wrote. “We will NEVER pay for a wall, however. That has been absolutely clear from the very beginning.”

https://twitter.com/LVidegaray/statu...25732746289152
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Old 08-28-2018, 03:16 PM   #25
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At this point we have a "potential agreement" with one out of two countries involved. So basically we have nothing.... After two years we still have nothing.
sure you have something - more inflation because car prices will increase A LOT !!!
but as all americans are anyway billionairs - who cares ?
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Old 08-28-2018, 03:20 PM   #26
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From here, it looks like a deal has been made and nothing to suggest it's crappy for Americans, as Richard suggests.

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And Mexico President Have made it clear many times over the phone on the speaker with President Trump, that Canada Needed to be part of the agreement to have a deal with the USA. All in all 3 Amigos Deal is there to stay... Like they say in the news this morning they could even Call it " Trump Deal " to make him happy and shut up

https://www.ctvnews.ca/politics/what...xico-1.4070384

Hola Amigos
We can only hope Trudoil doesnt fuck up his 2nd chance at closing a deal with the dumbest guy in the room. He's no deal maker either, except with big oil and pipelines.
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Old 08-29-2018, 08:20 AM   #27
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From here, it looks like a deal has been made and nothing to suggest it's crappy for Americans, as Richard suggests.



We can only hope Trudoil doesnt fuck up his 2nd chance at closing a deal with the dumbest guy in the room. He's no deal maker either, except with big oil and pipelines.
A 'proposal' has been accepted. Not ratified.
It's like calling victory when you 'think' the other side will lay down their weapons.

I'm fairly certain both MX and CA are playing trump in a co-ordinated way, buying time till he is out-a-office.
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Old 08-29-2018, 08:21 AM   #28
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Old 08-29-2018, 08:47 AM   #29
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A 'proposal' has been accepted. Not ratified.
It's like calling victory when you 'think' the other side will lay down their weapons.

I'm fairly certain both MX and CA are playing trump in a co-ordinated way, buying time till he is out-a-office.


And I'm fairly certain you can't read good and have no idea what you are yapping about.

I never said jack shit about it being approved by ca and congress. I simply stated there's a deal made with mexico and there's nothing to suggest it's crappy for Americans.
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Old 08-29-2018, 08:52 AM   #30
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I'm fairly certain both MX and CA are playing trump in a co-ordinated way, buying time till he is out-a-office.
wait, you actually think ca & mex are coordinating a long term multi-year (up to 6) trade war with the USA rather than even attempt a deal, nevermind the fact they are negotiating a deal at this very fucking moment.



jtfc gfy brianiacs crack my shit up.
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Old 08-29-2018, 09:26 AM   #31
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agreement it is for the second term
Again, this is just like North Korea. They seem to have an agreement to agree on some parts that need to be changed. Nothing has been changed, and they still need Canada to agree to all of it which only brings in another round of discussion and debate.

Canada has the upper hand here. There is an agreement in place, and only Congress can kill it. Congress won't kill it unless there is something to replace it. Canada knows this, and will not agree to anything unless it is very agreeable to them. If not, they walk away and keep the original agreement.
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Old 08-29-2018, 09:51 AM   #32
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This is just more pure bullshit from White House. From the original text:

"the United States and Mexico reached agreement on a new trade pact on Monday"

What exactly does this mean? Did they fix NAFTA? Nope. Did they sign a new agreement to replace NAFTA? Did they sign anything at all? Nope. Basically, they "reached an agreement" that "might" lead to some kind of a deal "in the future".

We are now two years into this administration and what has Trump accomplished? Has he signed a single trade agreement with anyone? Nope.

At this point we have a "potential agreement" with one out of two countries involved. So basically we have nothing.... After two years we still have nothing.

This administration is a joke.
But..but he solved the NK missile crisis...
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Old 08-29-2018, 09:54 AM   #33
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canada hardly has the upper hand here. they are either going to have to lower their dairy tariffs or accept a car tariff on exports by Friday.

I don't care for trump's bully tactics but it's laughable to think they have the upper hand. that doesn't even take into consideration the massively weak position in the negotiations they already have due to differences in GDP between countries.
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Old 08-29-2018, 10:53 AM   #34
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wait, you actually think ca & mex are coordinating a long term multi-year (up to 6) trade war with the USA rather than even attempt a deal, nevermind the fact they are negotiating a deal at this very fucking moment.



jtfc gfy brianiacs crack my shit up.
No...
1st there is no TRADE WAR except the one cited and caused by trump.

They are waiting for him to be out of office so cooler heads can prevail and giving the appearance of cooperation to avoid trump stepping up his game in creating a TRADE WAR.
You know, ...Kinda like North Korea...

I'm fairly certain they would be willing to re-negotiate some of the terms, but not with this admin.
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Old 08-29-2018, 11:04 AM   #35
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No...
1st there is no TRADE WAR except the one cited and caused by trump.

They are waiting for him to be out of office so cooler heads can prevail and giving the appearance of cooperation to avoid trump stepping up his game in creating a TRADE WAR.
You know, ...Kinda like North Korea...

I'm fairly certain they would be willing to re-negotiate some of the terms, but not with this admin.

you're not aware canada is fully involved in a trade war with US? they've launched their own tariffs in reaction to trump?

it doesn't matter now who started it, the fact is there is a trade war with canada right now.

this is why guys like you shouldn't be trying to lecture people like me on issues like this.
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Old 08-29-2018, 11:14 AM   #36
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No...
...

I'm fairly certain they would be willing to re-negotiate some of the terms, but not with this admin.
dude.

A day after President Trump threatened to exclude Canada from a revised North American Free Trade Agreement, top Canadian officials raced to Washington and said they were moving “full steam ahead” to try to reach a compromise that could save the trilateral pact.

“This is a really big deal,” Chrystia Freeland, Canada’s foreign minister, said on Tuesday after meeting with the United States trade representative.
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Old 08-29-2018, 11:14 AM   #37
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canada hardly has the upper hand here. they are either going to have to lower their dairy tariffs or accept a car tariff on exports by Friday.

I don't care for trump's bully tactics but it's laughable to think they have the upper hand. that doesn't even take into consideration the massively weak position in the negotiations they already have due to differences in GDP between countries.
And perhaps we can end the subsidies on dairy and all the other farm products and save the taxpayer some money.
Yes this country subsidizes it's exports as much as China.
That's what creates these 'unfair' disputes.
Our farm products are heavily subsidized.

If you would take the subsidy away from corn to make methanol, the sugar cane and beat farmers (who can make methanol from their products more efficiently) could make a profit and you could end the tariff we have on imported sugar.

But be aware that subsidies and tariffs are a 2 way street and we are not innocent.

While subsidies help those export numbers, they keep your taxes high and food costs higher in the end. Nearly every processed food has 'corn byproducts' or sweetened with 'corn syrup'. And you don't get many jobs from the mechanized corporate farm. And the ones you do get are normally filed by Mexicans working as a private contractor who pays little to no federal taxes.
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Old 08-29-2018, 11:18 AM   #38
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yes, canadian subsidies are against WTO law and unfair. Moreover, they were designed and implemented to be phased out over time a long time ago.
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Old 08-29-2018, 11:25 AM   #39
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Hardly the behavior of someone with the upper hand:

Chrystia Freeland, Canada’s foreign minister, who cut short a trip to Europe to fly to Washington, must now decide by Friday whether to join a revised pact that has been a source of contentious negotiations for a year....
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Old 08-29-2018, 11:31 AM   #40
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And just as they expected the agreement to agree on the new trade deal is crappy for Americans....

This is the way the Trump administration operates. They have no idea what they are doing, declare a win, and then everyone finds out it's all fucked up.
more richard baloney.

reality:

Under the changes agreed to by Mexico and the United States, car companies would be required to manufacture at least 75 percent of an automobile’s value in North America under the new rules, up from 62.5 percent, to qualify for Nafta’s zero tariffs. They will also be required to use more local steel, aluminum and auto parts, and have 40 to 45 percent of the car made by workers earning at least $16 an hour, a boon to both the United States and Canada and a win for labor unions, which have been among Nafta’s biggest critics.
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Old 08-29-2018, 01:25 PM   #41
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more richard baloney.

reality:

Under the changes agreed to by Mexico and the United States, car companies would be required to manufacture at least 75 percent of an automobile’s value in North America under the new rules, up from 62.5 percent, to qualify for Nafta’s zero tariffs. They will also be required to use more local steel, aluminum and auto parts, and have 40 to 45 percent of the car made by workers earning at least $16 an hour, a boon to both the United States and Canada and a win for labor unions, which have been among Nafta’s biggest critics.
Why does that need to be in NAFTA, MX can't force US car company's quota.
Thats between trump and US auto makers.
Same with auto parts.
But wages on the other hand... that is different.
But the current low wages between those in the agreement already nearly meet or exceed that.
What did you gain ? (if ratified)
When wages here go up from inflation, it then becomes more attractive to move to MX.
And it 'would be' written in stone. Sounds good for today's purposes anyway.

Does anyone think this stuff through ?
Just enough to capture headlines.
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Old 08-29-2018, 01:48 PM   #42
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Justin Trudeau, Canada’s prime minister, said there was a possibility that Canada and the US would reach a deal on revamping Nafta by Friday as talks intensified in Washington to salvage the three-way agreement that governs billions of dollars of trade across North America.



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Old 08-30-2018, 11:14 AM   #43
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yes, canadian subsidies are against WTO law and unfair. Moreover, they were designed and implemented to be phased out over time a long time ago.
Probably why Boeing won on their tariffs .....


Oups, fake news : Boeing lost, Bombardier won ....

https://www.seattletimes.com/busines...st-bombardier/
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Old 08-30-2018, 11:43 AM   #44
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None of which has anything to do with Canadian dairy price fixing, "supply managament", and ridiculous tariffs that were created to be phased out long ago.
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