So Kavanaugh is news.... but what about NEW NAFTA (USMCA)?

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Good deal!

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A TU visa sounds pretty silly compared to a TN visa

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So.. the USA won some access for wine exports and also the ability to export all their substandard milk products. In return Canadians will now attempt to avoid all American products because your president is a huge 🍄

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In order to say he renegotiated NAFTA and did an amazing job of deal-making, there has to be something to point to that’s better. The main thing seems to be selling diary products most people have never heard of. Vote for me...now we can sell milk powder to Canada!!

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Here's the quick and skinny on it. The administration initiated a 3 way trade war immediately out the gate in 2016. Then slowly came. To realize it couldn't win 3 fronts simultaneously. It decided China was the primary target so it would move the board around a bit with other partners and get somewhat of an edge, and build a coalition to fight China on trade. The first world leader to visit trump was Theresa may, she asked for a bilateral free trade deal and got it. Then junkers from EU came and sued for peace aswell. Now the final of the 3 is NAFTA. Mexico is ridiculously integrated into the US economy especially via energy, so no big shock that they are still very hooked into us. Glad to see the Canadians finally came along. The big news about this now is that us negotiating teams have all their guns centered on China and now the battle really begins. Pence was just on TV last week blasting them

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Is it? I’m sure he’ll talk it up...but what did we get that anyone cares about?

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O1, on the ground impact is not much. In fact, most of his own voters ( farmers for the most part) were urging him to chill out . But politically , he ‘renegotiated ‘ nafta as promised. Most voters will buy that without getting into details. It’s like switching from coca cola to Pepsi , sugar intake and other health issues remain the same. But you can declare Pepsi tastes so much better than coke ( and you know how that debate ends )

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D1 is right on this one. Its a small improvement, I actually like he fact that the deal now states car manufacturer jobs now must have a minimum wage of $15 in all three countries. Who would have thought a conservative administration would push for higher minimum wages.

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It’s a bunch of fairly minor changes that require a lot of granular detail to understand that won’t impact most people. So...what’s the news?

For the most part the deal is NAFTA with some small modifications which basically have more of a negative effect in Canada more than anything else.

As A1 said. It is political victory for trump though

O1, you do realize you’re being logical here ?

I actually think the part that’s most sellable is the job protections part — which the Dems should co-opt as “glad Trump agrees with us"

I don’t imagine anyone will oppose this. After all the huffing and puffing, it’s an iterative improvement... it’s not game-changing in any way for the broader economy.

So I have been reading more and more on The nee NAFTA and it turns out those "victories" for the US were actually already agreed on in the TPP deal. So new NAFTA is basically old NAFTA+Watered Down TPP

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