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Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
USMCA worst trade deal ever
Posted by:
VoteStrike
()
Date: January 20, 2019 02:36PM
USMCA worst trade deal ever
https://undergroundnewzinc.blogspot.com/2019/01/country-before-party.html
Say goodbye to NAFTA — and hello to the USMCA.
Just before the midnight deadline on Sunday, the US and Canada struck a deal on trade and announced the framework for a new, revised NAFTA — now known as the United States-Mexico-Canada Agreement, or USMCA.
Trump, of course, also declared victory, calling it a “brand new deal” and “the most important trade deal we’ve ever made, by far.”
“Once approved by Congress, this new deal will be the most modern, up-to-date and balanced trade agreement in the history of our country, with the most advanced protections for workers ever developed,” Trump said in a speech announcing the deal in the White House Rose Garden.
USMCA is TPP
“It’s a substantially different agreement than NAFTA,” Richard Miles, director of the US-Mexico Futures Initiative at the Center for Strategic and International Studies, tells me.
It’s a complex, multi-step process modeled after similar protections in the Trans-Pacific Partnership (TPP), a multinational trade deal that Trump pulled the United States out of after taking office.
It’s likely that American consumers will eventually pay a bit more for cars as a result of the deal.
Many of the more forward-looking agreements, such as digital trade protections, were borrowed from the TPP — basically a retread of negotiations already completed. And the main success of USMCA revolved around, well, automobiles.
If you agree that Americans problems are not in the Middle East or at the border but in Washington DC, please share.
https://undergroundnewzinc.blogspot.com/2019/01/country-before-party.html
Say goodbye to NAFTA — and hello to the USMCA.
Just before the midnight deadline on Sunday, the US and Canada struck a deal on trade and announced the framework for a new, revised NAFTA — now known as the United States-Mexico-Canada Agreement, or USMCA.
Trump, of course, also declared victory, calling it a “brand new deal” and “the most important trade deal we’ve ever made, by far.”
“Once approved by Congress, this new deal will be the most modern, up-to-date and balanced trade agreement in the history of our country, with the most advanced protections for workers ever developed,” Trump said in a speech announcing the deal in the White House Rose Garden.
USMCA is TPP
“It’s a substantially different agreement than NAFTA,” Richard Miles, director of the US-Mexico Futures Initiative at the Center for Strategic and International Studies, tells me.
It’s a complex, multi-step process modeled after similar protections in the Trans-Pacific Partnership (TPP), a multinational trade deal that Trump pulled the United States out of after taking office.
It’s likely that American consumers will eventually pay a bit more for cars as a result of the deal.
Many of the more forward-looking agreements, such as digital trade protections, were borrowed from the TPP — basically a retread of negotiations already completed. And the main success of USMCA revolved around, well, automobiles.
If you agree that Americans problems are not in the Middle East or at the border but in Washington DC, please share.