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Keyword: nafta

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  • Two GOP senators come out against Trump trade nominee

    05/10/2017 5:05:23 PM PDT · by jazusamo · 61 replies
    The Hill ^ | May 10, 2017 | Sylvan Lane
    Two Republican senators announced Wednesday that they will oppose Robert Lighthizer, President Trump’s nominee for United States Trade Representative, ahead of his likely confirmation this week. Sens. John McCain (Ariz.) and Ben Sasse (Neb.) told Lighthizer in a letter released Wednesday that they’d vote against him because “your confirmation process has failed to reassure us that you understand the North American Free Trade Agreement’s (NAFTA) positive economic benefits to our respective States and the nation as a whole.” “We fear that you do not have an appreciation for the millions of jobs created by this free trade deal, and that...
  • How Jared Kushner’s Call to Canada Saved NAFTA

    05/10/2017 7:42:51 AM PDT · by huldah1776 · 27 replies
    Breitbart ^ | May 9, 2017 | John Carney
    President Donald Trump’s son-in-law and senior adviser, Jared Kushner, played a key role in the Trump administration’s decision to back down from its threat to withdraw from the North American Free Trade Agreement (NAFTA). Exactly what that role involved, however, is a matter of dispute. Kushner was a conduit between Canadian officials and the Trump administration but accounts differ about the details. Last month, various news reports said that Trump was preparing to invoke Article 2205 of NAFTA, the first step in withdrawing from the trade agreement that the U.S. president had attacked so fiercely on the campaign trail. Several...
  • White House aides reportedly urged Trudeau to persuade Trump on NAFTA

    05/09/2017 7:46:42 AM PDT · by ColdOne · 32 replies
    nypost ^ | 5/9/17 | Chris Perez
    The personal appeal that President Trump said he received from Canadian Prime Minister Justin Trudeau last month — leading him to renegotiate NAFTA — was only made after Trump’s son-in-law and top aide Jared Kushner called Trudeau’s office in Ottawa and begged him to talk some sense into the commander-in-chief, a report says. The unconventional move was revealed Monday by the National Post, who spoke to several government sources familiar with the desperate pleas from Washington. Toronto’s Metro newspaper later revealed that Kushner was the government official who made the phone call.
  • 5 Reasons Why Trump Should Withdraw The US From NAFTA & Put America First

    04/29/2017 3:29:24 PM PDT · by Thalean · 27 replies
    National Economics Editorial Blog ^ | April 26, 2017 | Spencer P Morrison
    CNN says automation is to blame for America’s manufacturing job losses; and what’s worse, there’s more to come—and no, it has absolutely nothing to do with bad trade deals like NAFTA, nor China’s predatory trading strategy. Nope. Nothing to see here people. Move along. Automation is bad, and your jobs are never coming back. This view was echoed recently by the Guardian too. Of course, this is all just fake news—CNN has to earn its reputation somehow. In reality, automation is only half the story: if you look at its impact relative to output, you’ll see that automation doesn’t really...
  • Why Donald Trump Decided to Back Off Nafta Threat

    04/28/2017 6:38:44 AM PDT · by reaganaut1 · 123 replies
    Wall Street Journal ^ | April 27, 2017 | Peter.Nicholas, Paul Vieira and José de Córdoba
    President Donald Trump was prepared to end the North American Free Trade Agreement deal, which had governed trade relations for the past 23 years, with a dramatic announcement Saturday at a Pennsylvania political rally marking his 100th day in office. As rumors spread of the possible action, Mexican President Enrique Peña Nieto called the president urging him not to pull out of the accord. “Let me think about it,” Mr. Trump said. Within a half hour a call came in from Canadian Prime Minister Justin Trudeau with a similar request. After the talks, Mr. Trump was convinced “they’re serious about...
  • Wilbur Ross Discusses NAFTA & Congress Refusing to Accept “Notification of Intent” (ed)

    04/27/2017 10:24:20 PM PDT · by Ray76 · 4 replies
    The Conservative Treehouse ^ | Apr 28, 2017 | Sundance
    Early in this video, yet again, Secretary Ross clearly states he is waiting on congress to accept the letter; ie. it was sent mid-March. Republicans control the Senate. Republicans, not democrats in the Senate, do not want the Trump administration to renegotiate NAFTA. This is one of the clearest examples of the UniParty at work and the anti-American principles behind the U.S. Chamber of Commerce corporate lobbyists – lobbying directly against the Trump administration.
  • Trump changes course on NAFTA, drops threat to back out

    04/27/2017 3:35:45 AM PDT · by Former Proud Canadian · 87 replies
    The Globe and Mail ^ | April 27, 2017 | Adrian Morrow
    U.S. President Donald Trump has backed off a plan to start the process of withdrawing from the North American free-trade agreement after emergency talks with Prime Minister Justin Trudeau and Mexican President Enrique Pena Nieto. The White House had been considering an executive order that would have taken the first step toward pulling the U.S. out of NAFTA, senior officials told U.S. media outlets. The directive, drafted by National Trade Council director Peter Navarro and chief strategist Steve Bannon, was ready to be signed later this week or early next. But after word of the order came out in the...
  • Trump Agrees to Renegotiate NAFTA with Canada, Mexico Leaders (More Winning)

    04/26/2017 8:23:26 PM PDT · by usafa92 · 51 replies
    Fox News ^ | 4/26/2017 | John Roberts
    President Trump and the leaders of Mexico and Canada agreed Wednesday to renegotiate the North American Free Trade Agreement (NAFTA), the White House said Wednesday night. "it is my privilege to bring NAFTA up to date through renegotiation," Trump said in a statement. "It is an honor to deal with both [Mexican] President [Enrique] Peña Nieto and [Canadian] Prime Minister [Justin] Trudeau, and I believe that the end result will make all three countries stronger and better." The White House added that Trump "agreed not to terminate NAFTA at this time" and that all three leaders ""agreed to proceed swiftly,...
  • White House Readies Order On Withdrawing From NAFTA

    04/26/2017 9:32:35 AM PDT · by Helicondelta · 21 replies ^ | 04/26/17
    The Trump administration is considering an executive order on withdrawing the U.S. from NAFTA, according to two White House officials. A draft order has been submitted for the final stages of review and could be unveiled late this week or early next week, the officials said. The effort, which still could change in the coming days as more officials weigh in, would indicate the administration’s intent to withdraw from the sweeping pact by triggering the timeline set forth in the deal. The approach appears designed to extract better terms with Canada and Mexico. President Donald Trump pledged on the campaign...
  • Teeing Up Trump Tariffs (higher taxes on U.S. steel consumers)

    04/21/2017 4:46:16 AM PDT · by reaganaut1 · 45 replies
    Wall Street Journal ^ | April 20, 2017
    ... Take steel, a Trump preoccupation. One reason for exceptions is that domestic manufacturers have limited capability to produce steel of certain strengths, thickness and flexibility. Most higher-strength steels used in thin-walled pipelines are made overseas. Retrofitting plants to produce a type of steel for one or two projects could delay construction and increase the cost. More U.S. workers would have to be retrained, which may not be practical in the short-term. So contractors often have no choice but to import foreign substitutes. The American Petroleum Institute chronicled some of these supply challenges in its response to Mr. Trump’s earlier...
  • If We Had Our way: New Year's Resolutions for the New Congress

    01/02/2017 1:41:53 PM PST · by VitacoreVision · 10 replies
    The New American ^ | 02 January 2017 | Charles Scaliger
    Now that the dust has settled on the elections, the time has come (or so some of the punditry in the media assure us) to set aside political acrimony and unite under the new leadership of President-elect Donald Trump and the new House and Senate. Although it’s far from clear what President Trump will choose to prioritize, now that he will face the realities of entrenched political interests in Washington instead of his fired-up political base on the hustings, it seems at least possible that he will show much more sympathy for certain constitutionalist and Americanist causes — such as...
  • Commerce Sec. Wilbur Ross Hints At Brilliant NAFTA Negotiation Strategy – “Make Mexico Great Again"

    03/04/2017 7:34:32 AM PST · by onyx · 25 replies
    Oh, this guy is too good at this stuff. Lots of love for Wilbur the Wolverine.Commerce Secretary Wilbur Ross hints at a strategy for NAFTA renegotiation with Mexico that completely annihilates any leftist opposition, and simultaneously drops the greatest humanitarian narrative right in the lap of the globalists. Make Mexico raise their minimum wage.Currently the minimum wage in Mexico is 80 pesos per day. Around $4 per day, and the length of the workday is up to the hiring company. The minimum wage in the U.S. for an eight hour day is $58 ($7.90/hr x 8). Additionally, almost no-one...
  • Trump's push for American-made could disrupt NAFTA supply chains, hike consumer prices

    02/28/2017 9:41:52 AM PST · by EveningStar · 47 replies
    Los Angeles Times ^ | February 28, 2017 | Don Lee
    Shopping for a new set of wheels at a Chevy dealership recently, Patrick Spradlin had a few priorities: a good commuter car, room for his family of five, low maintenance costs and no more than $20,000. About the last thing on his mind was where such a vehicle and each of its components — whether engine, car seats or spark plugs — were made. “That’s not a make-or-break issue,” said the 38-year-old systems engineer from Whaleyville, Md. But such details about the origin of car parts and hundreds of other products may soon take on greater importance under the Trump...
  • Mexican Government Fear Both Policy and Media Optics During T-Rex and General Kelly Visit…

    02/23/2017 11:27:26 AM PST · by HarleyLady27 · 29 replies
    The Conservative Treehouse ^ | Feb. 23, 2017 | Sundance
    The Mexican government is strongly controlling the optics of a visit today by Secretary of State Rex Tillerson and DHS Secretary General John Kelly. [An upcoming press conference live stream is embedded below ] Mexico fears the projection of U.S. strength will undermine their position. President Trump is taking a hard-line approach with Mexico’s central policies that have allowed, and in many cases facilitated, vast numbers of economic migrants to travel into the U.S. Trump’s pending policies are going to be weighted heavily on the feedback he receives from T-Rex and General Kelly’s visit.
  • How critical NAFTA is for Mexico

    02/02/2017 1:57:03 PM PST · by davikkm · 4 replies
    IWB ^ | Viraj Shah
    NAFTA, since its inception has been one of the most controversial trade agreements in the world. In its essence, it was bound to create some disturbances and radical shifts in the economies of the three nations- Canada, USA, and Mexico. However, NAFTA is now mostly discussed because of a seemingly unavoidable trade war between Mexico and US, an unfortunate event for regional and global trade if it happens. President Donald Trump has repeatedly spoke about building a wall along the Mexico border that would keep illegal migrants from Mexico away. Trump is right in suggesting that Mexico has taken more...
  • In fight with Trump, Mexico has plenty of ways to punch back

    01/29/2017 5:58:30 AM PST · by detective · 77 replies
    MSN News ^ | January 29, 2017 | Joshua Partlow, David Agren
    If the trade war is coming, how would Mexico fare? That is the question that has preoccupied politicians and business leaders here since President Trump won the election and began pursuing his agenda to impose tariffs on goods made in Mexico and to build a wall along the border. Trump has made clear his disdain for the North American Free Trade Agreement, which has governed commerce on the continent since 1994, and Mexican leaders have said that if the terms of the renegotiation did not further their interests, they might walk away, as well. A trade dispute could have painful...
  • US-Mexico trade war could hit Mexico economy, spur migration

    01/28/2017 6:07:46 PM PST · by RC one · 23 replies
    FoxNews World ^ | Published January 27, 2017 | Associated Press
    MEXICO CITY – If President Donald Trump makes good on threats to gut NAFTA and impose stiff tariffs on Mexican goods, economists say he risks a trade war that could lead to the very thing he is hoping to avoid — a huge surge in Mexican migration to the United States. The result would be catastrophe for the Mexican economy: Recession. A dramatic weakening of the peso, even below the historic lows it has already set amid Trump's bellicose rhetoric. Soaring inflation, interest rates and unemployment.
  • GM Canada to move 600 jobs in Ontario to Mexico

    01/27/2017 3:13:01 PM PST · by Olog-hai · 26 replies
    Associated Press ^ | Jan 27, 2017 5:01 PM EST | Charmaine Noronha
    General Motors Canada is cutting 625 jobs at its assembly plant near London, Ontario, and moving those jobs to Mexico, where labor is cheaper, GM Canada’s union spokesman said Friday. Unifor Local 88 spokesman Mike Van Boekel said the layoffs will take effect in July at the CAMI Assembly plant in Ingersoll, which currently employs 2,800 Unifor workers. Unifor’s national president, Jerry Dias, said the decision “reeks of corporate greed” and is a clear sign that the North American Free Trade Agreement must be renegotiated. U.S. President Trump has told Mexico and Canada he wants to renegotiate NAFTA, or perhaps...
  • NAFTA’s Impact on the U.S. Economy: What Are the Facts?

    01/27/2017 11:09:36 AM PST · by Ernest_at_the_Beach · 17 replies
    NAFTA When President Bill Clinton signed the North American Trade Agreement (NAFTA) in December 1993, he predicted that “NAFTA will tear down trade barriers between our three nations, create the world’s largest trade zone, and create 200,000 jobs in [the U.S.] by 1995 alone. The environmental and labor side agreements negotiated by our administration will make this agreement a force for social progress as well as economic growth.” Twenty-three years later, scholars and policy makers often disagree about the impact that NAFTA has had on economic growth and job generation in the U.S. That impact, they say, is not always...
  • NAFTA: The Misnamed Treaty (1992)

    01/27/2017 10:30:13 AM PST · by VitacoreVision · 22 replies
    The New American ^ | 28 December 1992 | Thomas R. Eddlem
    Describing the start of negotiations leading to the North American Free Trade Agreement (NAFTA), M. Delal Baer of the Center for Strategic and International Studies wrote, "A new continentalism took hold on February 5, 1991." His comments appeared in the Fall 1991 issue of Foreign Affairs, the flagship publication of the global-minded Council on Foreign Relations. With great enthusiasm, Baer, who himself is a member of the CFR, continued, "NAFTA, if and when completed, will reshape corporate strategies, redraw the mental map of citizens in each country and gradually create a North American economic identity based upon global competition."NAFTA follows...