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110%er [6101]
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Commerce Sec. Wilbur Ross : RIP NAFTA
Oct 1, 2018, 10:25 AM
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Someone finally did something about this. Say hello to USMCA.
https://youtu.be/48QY77dRVsY
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110%er [5854]
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Re: Commerce Sec. Wilbur Ross : RIP NAFTA
Oct 1, 2018, 10:44 AM
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Oculus Spirit [83119]
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That just means NAFTA is still in effect. They made some
Oct 1, 2018, 10:57 AM
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minor changes but it’s still a North American Free Trade Agreement. It does have a new name I guess for political purposes.
NAFTA has been one of the chief drivers of our great economy the last 23 years (for the most part) and this agreement which didn’t change very much will continue to do that.
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110%er [6101]
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Re: That just means NAFTA is still in effect. They made some
Oct 1, 2018, 11:06 AM
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We pay 40 cents on the dollar for all goods imported from Mexico, which were once manufactured here. No economy ANYWHERE is driven by imports when they come at the expense of jobs in the host country. You didn't watch the video.
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Oculus Spirit [83119]
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Inflation is partly driven by imports.***
Oct 1, 2018, 11:18 AM
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110%er [6101]
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Re: Inflation is partly driven by imports.***
Oct 1, 2018, 11:36 AM
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True, but wage stagnation is the the biggest factor, though I would argue that transfer of expertise is a close second. Once Mex was given the know-how and expertise that was ours, they became competitive and forced us to compete by either lowered wages or shipping more and more manufacturing there. I don't mind lifting poor countries out of poverty, but lost jobs, lower wages, and riding a $54 billion deficit is too high a price to pay.
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Legend [15749]
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Oculus Spirit [83119]
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Standout [345]
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Re: That just means NAFTA is still in effect. They made some
Oct 1, 2018, 4:57 PM
[ in reply to Re: That just means NAFTA is still in effect. They made some ] |
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Far more manufacturing jobs in the US were lost to automation and tech advancements than NAFTA. Not that it also didn't have an affect but I think a lot of people who are expecting a large return of manufacturing to the US will be disappointed. You just don't need a lot of employees to run machines.
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Oculus Spirit [81061]
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Say what?
Oct 2, 2018, 1:19 PM
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Where do you think all those empty textile buildings came from?
NAFTA decimated the textile industry, mostly in the south.
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All-In [47795]
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110%er [6101]
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Re: NAFTA 2.0***
Oct 1, 2018, 2:49 PM
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But this time we have a Review and Termination provision which means an annual review procedure will keep everyone honest and playing by the rules.
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Oculus Spirit [83119]
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Link to where Canada and Mexico didn’t play by the rules.***
Oct 2, 2018, 1:16 PM
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Legend [17287]
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Glad Mexico is paying for the WALL! RIP wall funding talk?***
Oct 1, 2018, 12:11 PM
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Heisman Winner [111580]
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Re: Commerce Sec. Wilbur Ross : RIP NAFTA
Oct 1, 2018, 12:13 PM
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isn't this the guy that used soup cans as an analogy as to why steel tariffs would not hurt us, completely assuming people are too stupid to understand that home appliances and cars will see drastic increases in price? Yes, this guy thinks you are stupid.
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All-In [47750]
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Wait, Wilbur who?
Oct 1, 2018, 5:03 PM
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WhaddIdo?
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