President Donald Trump’s trade deal with China last week opened up export opportunities for American farmers, manufacturers and energy producers. And his trade pact with Canada and Mexico, approved Thursday by the Senate, could help restore some auto production in the United States.
But Lovely and other critics warn that the deal with China leaves unresolved most of the toughest and most complicated issues dividing the world’s two biggest economies and that progress could unravel over time. They also caution that the new North American trade pact, though it might spur some job growth, will likely make American-built cars more expensive and less competitive globally.
Free trade has long been a mutually accepted priority for the world’s major industrialized economies. Many trade experts say they worry that in the long run, Trump’s relentlessly confrontational stance and eager embrace of tariffs could pose risks to both the U.S. and global economies. NAFTA, which took effect in 1994, triggered a surge in trade among the three countries. And it created a regional manufacturing bloc to compete with East Asia and Europe. But Trump and other critics argued that NAFTA cost the United States jobs by encouraging factories to move south to capitalize on low-wage Mexican laborers, who were largely prevented from forming independent unions.
At least 40% of vehicles would also have to originate in places where workers earn at least $16 an hour. That would benefit the United States or Canada — not Mexico, where auto assembly workers are paid a fraction of that amount.
It’s not an issue of costly cars but American cars need to improve quality, reliability, durability.
Trump =BULLSHIT
Worst trade deal in the history of trade deals
And the guru stopped the mountain hand shows again.
Just remember. Before Trump there was nothing!
FAKE NEWS
Even Homer is better than Trump !
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Trump Campaign Talks Up Trade Deals as ‘Promises Kept,’ but Uncertainty Over China LingersPresident Trump is seizing on the trade deal with China as proof he is delivering on campaign promises, but whether that message resonates with voters could hinge on how the agreement plays out in the coming months. It is a nothing burger. All Trump gained is what he broke, although not even everything. One of Trump's main promises was to denounce China as a currency manipulator and sanction them for this. As soon as this trade deal was signed China were miraculously removed from that list. So rather than this be a 'promise kept', it's a promise broken. IvankaTrump DonaldJTrumpJr
Source: WSJ - 🏆 98. / 63 Read more »
Mexican official eyes stronger ties with China after U.S. trade dealMexico should move to deepen its economic ties with China after U.S. congression... Of course! Mexican president has (personally) stated that communist, blood-thirsty Fidel Castro was a 'social benefactor'... In other words, AMLO is a COMMUNIST, and as he seeks stronger China links, it is probably time to squeeze his tiny bals on recent Canada/US/Mexico deal. Had it for a long time. They're sending importable Chinese goods like aluminum doors to Mexico then melting them into industrialingots for export to senatemajldr's new RussianAluminumPlant just as soon as the new NAFTA kicks in. An 8th of the world's supply on the border. Great
Source: Reuters - 🏆 2. / 97 Read more »
Tenuous US-China trade deal comes as Beijing and Washington remain on a permanent collision courseBeijing sees no other way of protecting its vital economic interests while remaining on a permanent collision course with the U.S. on so many war-and-peace issues. They do not have a trade deal. Fake news!
Source: CNBC - 🏆 12. / 72 Read more »
Trump's trade deal with China looks designed to implode - Business InsiderTrump's trade deal has an enforcement mechanism, but whether the deal survives hangs on whether or not that mechanism is used in 'good faith.' lopezlinette You must be a palm-reading leftwing typist. lopezlinette Eat shit lopezlinette Everyone, but especially farmers and factory workers, must ask themselves “Am I better off?”
Source: BusinessInsider - 🏆 729. / 51 Read more »
In South China Sea Confrontation, Indonesia Resists China—CautiouslyA two-week standoff between the Chinese coast guard—escorting Chinese fishing boats—and the Indonesian navy illustrates the delicate decisions Southeast Asian officials face in pushing back against Beijing’s broad South China Sea claims. China should respect international laws related to freedom of navigation in sea and should also respect the territorial integrity & sovereignty of neighboring nations. Asia should drive the US out of the western pacific! Mainland China is a $ country.
Source: WSJ - 🏆 98. / 63 Read more »
Americans won’t get a total reprieve after China trade deal as effects of lost factory jobs, pricier goods linger“The most important element of this deal is what didn't happen: further tariffs,' says Gregory Daco, chief U.S. economist at Oxford Economics. 'The risk of more tariffs isn’t going to materialize and that’s the biggest gain for Americans.” Trump 🚂 Thank you Mr President So our farmers get their farms back? Gain? How is NOT imposing a NEGATIVE a Gain. Crappy reporting MSM Did you note that this 'Deal' is still worse than the pre-Trade War Status Quo?
Source: USATODAY - 🏆 100. / 63 Read more »