Thread: President Trump Announces United States-Mexico Trade Agreement - NAFTA No More

Ok, but I want to know what was in the trade deal and WHAT exactly was agreed upon. How do we know this is a good deal if we don't know what's in it?

Originally Posted by 6 Million Dollar Man

Ok, but I want to know what was in the trade deal and WHAT exactly was agreed upon. How do we know this is a good deal if we don't know what's in it?

It will be finalized, edited and ready for publication and distributed, that's when we can read it and learn all the details. That should come soon. Today was just the announcement that all the terms and conditions have been negotiated, but the document has to be finalized that represents all the terms and conditions.

U.S. taxpayers to pay $4.7 BILLION in tariff-related aid to farmers

"Details aren't yet available, but an expected major focus was the automobile industry. An agreement reportedly would have to include greater use of U.S.-produced steel and workers paid at least $16 an hour and somewhere between 70% and 75% U.S. steel content versus the current 62.5%.

The presumption is that such an arrangement would benefit, among others, auto and steel workers in the U.S. because, all things being equal on the labor front, it would become easier and cheaper to send raw materials to U.S. factories that already paid higher wages. As the Wall Street Journal reported:"

https://www.forbes.com/sites/erikshe.../#39f21f553389

" . . . . the automobile industry . . . workers paid at least $16 an hour . . . "

That's a nice raise, for the Mexican workers.

Originally Posted by JohnDoe2

" . . . . the automobile industry . . . workers paid at least $16 an hour . . . "

That's a nice raise, for the Mexican workers.

I was thinking that same exact thing. And I was also thinking, it might get too expensive for these traitor auto makers to export our jobs, and be forced to bring them back home. I guess Trump isn't such a bad deal maker. That was pretty clever. Now let's see what else was agreed upon.

Originally Posted by JohnDoe2

" . . . . the automobile industry . . . workers paid at least $16 an hour . . . "

That's a nice raise, for the Mexican workers.

An incentive for Mexicans to stay in Mexico. Maybe it will result in the lower of attempts to illegally cross our border.

"Details aren't yet available, but an expected major focus was the automobile industry. An agreement reportedly would have to include greater use of U.S.-produced steel and workers paid at least $16 an hour and somewhere between 70% and 75% U.S. steel content versus the current 62.5%.

"The U.S. wage proposal “is likely to price Mexico out of the market -- by all accounts, Mexican negotiators are well aware of that,” Phil Levy, a former senior trade economist in George W. Bush’s Council of Economic Advisers who is now a senior fellow at the Chicago Council on Global Affairs, said in an interview with BNN Bloomberg television on Tuesday. “And that doesn’t actually help any of the North American producers, so it doesn’t seem like a terribly viable strategy."

The press office of Mexico’s Economy Ministry and the press office of U.S. Trade Representative Robert Lighthizer declined to comment."

https://www.bloomberg.com/news/articles/2018-05-09/mexico-is-said-to-offer-nafta-cars-compromise-on-content-wages

Originally Posted by JohnDoe2

"Details aren't yet available, but an expected major focus was the automobile industry. An agreement reportedly would have to include greater use of U.S.-produced steel and workers paid at least $16 an hour and somewhere between 70% and 75% U.S. steel content versus the current 62.5%.

The presumption is that such an arrangement would benefit, among others, auto and steel workers in the U.S. because, all things being equal on the labor front, it would become easier and cheaper to send raw materials to U.S. factories that already paid higher wages. As the Wall Street Journal reported:"

https://www.forbes.com/sites/erikshe.../#39f21f553389

I really like that second paragraph.

Originally Posted by 6 Million Dollar Man

Ok, but I want to know what was in the trade deal and WHAT exactly was agreed upon. How do we know this is a good deal if we don't know what's in it?

Unfortunately this may be one of those deals where we find out exactly what's in it after it signed and delivered.