“United States-Mexico Trade Agreement.”

[LV426]

You have to believe all 3 would prefer a trilateral.
Afterall Canada was part of these negotiations ( if i recall) but chose to wait on the sidelines until Mexico/ US
hashed this much out.

I think you're just pulling this shit out of thin air.

Mexico did not agree to a new trade deal. What they agreed to was to negotiate for a new deal. But that's no guarantee a deal will be struck. And if NAFTA goes away, Canada and Mexico will instantly form a trade bloc, which weakens our bargaining power.

 

[LV426]

The endgame is gonna be a trilateral -barring something like Canada not folding into the agreement.
IOW's all 3 parties have the same motivation for a 'NAFTA replacement'

Basically, you're going to blow up NAFTA to create a new NAFTA, only the new NAFTA will be worse for us because Mexico and Canada will form their own bloc and leverage that bloc against the US. OR - Mexico and Canada decide to involve Central America into their trade bloc so that the US now has to negotiate, by itself, against the combined power of Canada, Mexico, and Central America. And then if they're going to get Central America into the bloc, there's nothing really stopping them from getting South America into it too. NAFTA was, and continues to be, the best trade deal for the US in North America or the Western Hemisphere. Blowing it up only disadvantages us.

 

[Nordberg]

You know what trump did in a messed up press conference today? He renamed Nafta into the US/Mexico trade act. Mission accomplished. Nothing changed except he distracted the rightys again from his snubbing of Mccain. Trump is such a joke.

 

[LV426]

You know what trump did in a messed up press conference today? He renamed Nafta into the US/Mexico trade act. Mission accomplished. Nothing changed except he distracted the rightys again from his snubbing of Mccain. Trump is such a joke.

I'm not sure that Trump even knows what transpired on that call. Mexico didn't agree to a new trade deal. What Mexico agreed to was to negotiate a new deal. But that's not a guarantee those negotiations would be successful, or would even occur.

Blowing up NAFTA would be economic suicide for the US because Canada and Mexico (and anyone else they wanted to include) would simply form their own trading bloc, forcing the US into basically the same NAFTA deal, but a weakened bargaining position because Canada and Mexico would unite as one trade bloc and possibly pull in Central American, South American, and Caribbean nations to make the bloc bigger and isolate the US.

 

[LV426]

Blowing up NAFTA frees Canada and Mexico to form their own trade bloc, and possibly bring in Central American, South American, and Caribbean nations to strengthen the bloc's bargaining power.

NAFTA is the best deal for the US right now. If we blow up NAFTA, we lose.

 

[anatta]

(@Baird) Twitter.
The US and Mexico had big automotive sector trade issues that did not involve Canada. There was no reason for Canada to be included in those discussions. We were not excluded. 1/4 #NAFTA #cdnpoli

 

[LV426]

(@Baird) Twitter.
The US and Mexico had big automotive sector trade issues that did not involve Canada. There was no reason for Canada to be included in those discussions. We were not excluded. 1/4 #NAFTA #cdnpoli

There is no strategy here. Just like there was no strategy with pulling out of TPP.

Withdrawing from NAFTA immediately weakens the US' bargaining power, as there's nothing to stop Canada and Mexico from forming a new trade bloc with Central American, South American, and/or Caribbean nations, thereby isolating us.

Anyone who thinks this is a good idea is a 100% certifiable moron.

 

[anatta]

Officials in Canada, though, on Monday still expressed optimism over a deal.

“Canada is encouraged by the continued optimism shown by our negotiating partners,” a spokesman for Canada's minister of foreign affair, Chrystia Freeland, said Monday. “Progress between Mexico and the United States is a necessary requirement for any renewed NAFTA agreement.”

 

[LV426]

Officials in Canada, though, on Monday still expressed optimism over a deal.

“Canada is encouraged by the continued optimism shown by our negotiating partners,” a spokesman for Canada's minister of foreign affair, Chrystia Freeland, said Monday. “Progress between Mexico and the United States is a necessary requirement for any renewed NAFTA agreement.”

There's no strategy here. It's just spur-of-the-moment actions without thinking through the consequences.

Ditching NAFTA will not work out for us. It will only weaken us. Right now, we hold the bargaining power because we benefit the most from NAFTA. But if NAFTA goes away, a new trade bloc will rise to take its place, and that bloc will be without the US and will end up isolating us. Which is exactly what is happening right now in the Pacific with China after we stupidly pulled out of the TPP.

 

[anatta]

The United States and Mexico have reached an "understanding" on several critical trade issues following bilateral talks to renegotiate the North American Free Trade Agreement. They will now likely re-engage with Canada to reach a final deal on NAFTA, a primary goal of the Trump administration.

Speaking at the White House on Monday, President Trump said he wanted to change the NAFTA name to the U.S. Mexico Free Trade Agreement. He also reframed the negotiations as two bilateral trade deals.

"We've made a deal with Mexico, and we'll get started with Canada immediately," Trump said. He also said he would "be terminating the existing [NAFTA] deal very soon" because NAFTA has "a lot of bad connotations" and has been a "bad deal" for the United States.

The breakthrough between the U.S. and Mexico involved an agreement on the amount of North American content a vehicle must have in order to pass duty-free across borders. The percentage was moved up to 75 percent from its current level of 62.5 percent. Negotiators also agreed to increase the percentage of vehicles built in factories paying an average wage of at least $16 an hour.

U.S. automakers have opposed raising the North American content requirement, but the United Auto Workers union has supported it.

The third NAFTA partner, Canada, has not been at the negotiating table for many weeks. It will now presumably re-engage.

Prior to Trump's remarks, Canadian Foreign Minister Chrystia Freeland said through a spokesman that "Canada is encouraged by the continued optimism shown by our negotiating partners. Progress between Mexico and the United States is a necessary requirement for any renewed NAFTA agreement."

But Freeland also said, "We will only sign a new NAFTA that is good for Canada and good for the middle class. Canada's signature is required."

The three nations had hoped to wind up negotiations by the end of this week.

U.S. law requires a three-month waiting period after a deal is completed before Congress can ratify it. Mexico will swear in its incoming president, Andrés Manuel López Obrador, on Dec. 1. If a NAFTA deal isn't signed before then, López Obrador could demand changes — and a deal that took years to negotiate could unravel. But Trump and U.S. Trade Representative Robert Lighthizer said Monday that they plan to send a Mexico-U.S. deal to Congress by Friday to start the clock on the waiting period.
https://www.npr.org/2018/08/27/6416...ach-trade-deal-trump-wants-to-drop-nafta-name

 

[LV426]

The United States and Mexico have reached an "understanding" on several critical trade issues following bilateral talks to renegotiate the North American Free Trade Agreement

I bolded the most important part.

This was not a trade deal.

This was an attempt to get Mexico to the table to do a new trade deal.

But there's no guarantee those talks will happen, nor is there a guarantee that if they do, they'll be successful.

Like most of what Trump says, it's paper-thin on the facts and completely misrepresenting the situation.

 

[anatta]

I bolded the most important part.

This was not a trade deal.

This was an attempt to get Mexico to the table to do a new trade deal.

But there's no guarantee those talks will happen, nor is there a guarantee that if they do, they'll be successful.

Like most of what Trump says, it's paper-thin on the facts and completely misrepresenting the situation.

it hasn't been signed - so no "deal".
The negotiations were extensive and all major stumbling points have been resolved -nothing "paper thin" about it

 

[LV426]

it hasn't been signed - so no "deal".

It's not something that can be signed.

All Mexico agreed to was to renegotiate NAFTA. They didn't agree to a new NAFTA deal. They didn't agree to a trade deal with the US. What happened was Trump gave them incentives to come to the table. Those incentives benefit Mexico, not us. Mexico wouldn't come to the table if we didn't offer anything to give them incentive. So because we did that, we ended up causing harm to ourselves because we had to give something up. This is how negotiations generally work, and Trump is giving a master class on WHAT NOT TO DO IN A NEGOTIATION.

 

[anatta]

It's not something that can be signed.

All Mexico agreed to was to renegotiate NAFTA. They didn't agree to a new NAFTA deal. They didn't agree to a trade deal with the US. What happened was Trump gave them incentives to come to the table. Those incentives benefit Mexico, not us. Mexico wouldn't come to the table if we didn't offer anything to give them incentive. So because we did that, we ended up causing harm to ourselves because we had to give something up. This is how negotiations generally work, and Trump is giving a master class in what NOT TO DO.

you keep saying like this is a starting point for a "new NAFTA " with Mexico -it's not.
it's the endgame of over a year of negotiations. look at the NPR link:

an "understanding" on several critical trade issues following bilateral talks to renegotiate the North American Free Trade Agreement. They will now likely re-engage with Canada to reach a final deal on NAFTA, a primary goal of the Trump administration.

they benefit both. the higher wages benefit the US and workers alike .
The content requirement benfits the UAW..
Yo shoud read a few articles before making these wild claims

 

[LV426]

he negotiations were extensive and all major stumbling points have been resolved -nothing "paper thin" about it

NO THEY HAVEN'T!

The negotiations on NAFTA haven't even started yet. What Trump did was offer Mexico incentives to come to the table. Those incentives will likely disadvantage us because that's how negotiations work. We have to give something up to get Mexico to come to the table. Who knows what Trump gave up???

 

[LV426]

you keep saying like this is a starting point for a "new NAFTA " with Mexico -it's not.
it's the endgame of over a year of negotiations.

A year of concessions to get Mexico to come to the table, when it has no reason to do so.

So that means we must have given up something pretty fucking huge to get Mexico to engage us on NAFTA when they don't have to even take our call.

So what did we give up? No one knows.

 

[TTQ64]

Let's ask the President of Mexico if this is true. dump has lied on him before.

 

[TTQ64]

You don't know what the fuck you're talking about.

heyyyy take it easy. Since America elected a Black President twice.......racist white males think this President can do what the hell he wants.

tee hee hee.

 

[TTQ64]

Obama used an "international executive agreement". You can see how much worth that process had.
Obama knew he couldn't get the Senate to ratify the deal as a Treaty (which would have stuck).

The "review process" required a 2/3 to overturn the deal instrad

See........I told you.

 

[LV426]

they benefit both. the higher wages benefit the US and workers alike

Of course, all that can get tossed out the window the minute NAFTA re-negotiations actually start.

I would take with a grain of salt anything Trump tells you about complex trade deals that he doesn't understand.

And BTW - the only wages that were raised were those of workers who build vehicles in factories...to a measly $16/hr (UAW workers already get above that and have since 2007). But since most of those workers are replaced by robots, it's meaningless. Like I said...paper-thin on details and completely misrepresenting the situation. Wages aren't going up. Wages for just factory workers who build cars go up...but only to $16/hr, which is what UAW workers start at and have since 2007.. So no American wages are increased, just Mexican ones. So that was a concession we made. What did we get in return? Nothing other than a soft commitment to engage in negotiations for a new deal.