The United States and Mexico have reached a new Trade Agreement which basically overturned the destructive NAFTA and make trading with Mexico more fair for the USA. (Winning!)
1. Trump said he would renegotiate NAFTA to be more fair for USA. Now Canada will be next.
2. While others got all freaked out with Tariffs or the threat of Tariffs, Trump is using it as a negotiation tactic and it is working.
3. While the swamp and Democrats are having a witch hunt, Trump is making the USA stronger.
I will be interested to see how the haters will turn this successful agreement with Mexico into a negative.
Trump's Statement (partial I assume):
"The name NAFTA has a bad connotation because the United States was hurt very badly by NAFTA," he said. Trump added that the deal with Mexico is also very special for farmers and manufacturers. "We've made it better" for both countries.
So they changed the name but not one mention of even one specific clause that has made it better. NAFTA had been around for while. I don't think it was a bad deal just because Trump said it was a bad deal but clearly it makes sense to update it if it needed to be. Now all we have is Trump saying the new deal is better for both countries.
What exactly are we celebrating here? Mexico is still going to pay workers $2/hr and not have comparable safety or environmental regulations. It is still going to be cheaper to make cars in Mexico. Is the goal to force companies to manufacture in US (higher prices)? Is it just to have Mexico buy more food from US farmers? I guess Trump is just going to say "this is a great deal" and supporters are going to believe it.
And yes, I am very '"freaked out" about Trump's approach to China and Europe. I think the upside is small and the downside large. There are some issues with China related to intellectual property for example that have been issues for awhile but I think overall, trashing our European allies in the name of better trade is a poor approach.