CDZ NAFTA - good or bad?

[Southern Dad]

Well I guess that Carrier Air Conditioner and Ford are just moving their production to Mexico because they like the weather, not because it is less expensive to assemble in Mexico and ship it to the US market.

 

[Onyx]

NAFTA produces mutual profits for both countries. I highly doubt Donald even understands what a trade deficit is, because he seems to believe it means we are getting screwed over.

No dipshit, it means that Americans entrepreneurs are buying more goods from Mexico than they sell, and those goods are either resold in the consumer market or sent to factories to manufacture products for even more than what was paid.

No country has ever profited from less trade. It takes a real dipshit economist to believe that less trade is going to produce net benefit.

 

[Onyx]

Donald followers cannot seem to distinguish the difference between the proposed tariffs and the proposed offshoring tax. Both are socialist policies which cost jobs, and Donald Trump is supporting both of them.

 

[320 Years of History]

Well I guess that Carrier Air Conditioner and Ford are just moving their production to Mexico because they like the weather, not because it is less expensive to assemble in Mexico and ship it to the US market.

Well, not that it's related directly to the thread topic, but you wouldn't have to speculate about why companies move production to Mexico were you to have read the content at the third link I provided in this post. The writer specifically addressed exactly that point.

 

[sealybobo]

Donald Trump constantly criticizes NAFTA, calling it "the worst trade deal ever" and claiming that it "has destroyed our country" and promises to withdraw from it if he is elected President.

Do the facts of NAFTA actually justify this rhetoric?

The link below contains some facts about the impact of NAFTA on our economy:

NAFTA’s Economic Impact

The Trump administration’s overhaul of the North American Free Trade Agreement is both the best trade pact signed by an American president in 30 years and a corrupt mess that offers working people almost nothing.

Trump's New NAFTA Shows What He Really Cares About | HuffPost

It’s an agreement with Mexico and Canada that has generous protections for Republican-aligned industries, including Big Pharma and fossil fuel polluters; no meaningful environmental protections; weak consumer safeguards; and no mechanism to enforce the moderately improved labor standards contemplated by the deal.

The global trading order built over the past generation has been a comprehensive effort to emancipate global corporations from the laws and regulations devised by the world’s democracies to protect citizens from corporate abuse. The new NAFTA offers clues on how to change that balance of power but does nothing to alter it, as evidenced by the enthusiasm shown for Trump’s new deal by top corporate lobbyists.

If you are a corrupt monopolist, chances are Trump’s new NAFTA has something for you.

Trump administration’s efforts to jettison the Investor-State Dispute Settlement process are a promising development. ISDS panels allow corporations to challenge a country’s laws and regulations before a secretive, unelected international tribunal. They’re a clear affront to democratic sovereignty and serve as a powerful tool corporations can use to block new environmental or public safety rules. But the new NAFTA essentially preserves ISDS for oil and gas companies, maintaining the forum as an avenue to stymie new climate change regulations.

Despite tough talk from Trump about high drug prices, his NAFTA deal includes a bevy of new intellectual property rights that will put upward pressure on costs.

All of this is in keeping with Trump’s overall approach to trade, which has set higher corporate profits as its only serious objective. His tariffs on steel have proved to be a boon for steel industry magnates but are yet to translate into meaningful gains for actual steelworkers.


“What is really clear is that it’s going to make pharma and oil companies even richer.”

 

[Toronado3800]

Donald Trump constantly criticizes NAFTA, calling it "the worst trade deal ever" and claiming that it "has destroyed our country" and promises to withdraw from it if he is elected President.

Do the facts of NAFTA actually justify this rhetoric?

The link below contains some facts about the impact of NAFTA on our economy:

NAFTA’s Economic Impact

The Trump administration’s overhaul of the North American Free Trade Agreement is both the best trade pact signed by an American president in 30 years and a corrupt mess that offers working people almost nothing.

Trump's New NAFTA Shows What He Really Cares About | HuffPost

It’s an agreement with Mexico and Canada that has generous protections for Republican-aligned industries, including Big Pharma and fossil fuel polluters; no meaningful environmental protections; weak consumer safeguards; and no mechanism to enforce the moderately improved labor standards contemplated by the deal.

The global trading order built over the past generation has been a comprehensive effort to emancipate global corporations from the laws and regulations devised by the world’s democracies to protect citizens from corporate abuse. The new NAFTA offers clues on how to change that balance of power but does nothing to alter it, as evidenced by the enthusiasm shown for Trump’s new deal by top corporate lobbyists.

If you are a corrupt monopolist, chances are Trump’s new NAFTA has something for you.

Trump administration’s efforts to jettison the Investor-State Dispute Settlement process are a promising development. ISDS panels allow corporations to challenge a country’s laws and regulations before a secretive, unelected international tribunal. They’re a clear affront to democratic sovereignty and serve as a powerful tool corporations can use to block new environmental or public safety rules. But the new NAFTA essentially preserves ISDS for oil and gas companies, maintaining the forum as an avenue to stymie new climate change regulations.

Despite tough talk from Trump about high drug prices, his NAFTA deal includes a bevy of new intellectual property rights that will put upward pressure on costs.

All of this is in keeping with Trump’s overall approach to trade, which has set higher corporate profits as its only serious objective. His tariffs on steel have proved to be a boon for steel industry magnates but are yet to translate into meaningful gains for actual steelworkers.


“What is really clear is that it’s going to make pharma and oil companies even richer.”

So it is at least 5% better, or better for SOME Americans?

I don't view that as a total loss. Donald showed what he cares about the most, no surprise. Donald did make it better. Now if in 10 years we can make it another 5% better.....

 

[sealybobo]

Donald Trump constantly criticizes NAFTA, calling it "the worst trade deal ever" and claiming that it "has destroyed our country" and promises to withdraw from it if he is elected President.

Do the facts of NAFTA actually justify this rhetoric?

The link below contains some facts about the impact of NAFTA on our economy:

NAFTA’s Economic Impact

The Trump administration’s overhaul of the North American Free Trade Agreement is both the best trade pact signed by an American president in 30 years and a corrupt mess that offers working people almost nothing.

Trump's New NAFTA Shows What He Really Cares About | HuffPost

It’s an agreement with Mexico and Canada that has generous protections for Republican-aligned industries, including Big Pharma and fossil fuel polluters; no meaningful environmental protections; weak consumer safeguards; and no mechanism to enforce the moderately improved labor standards contemplated by the deal.

The global trading order built over the past generation has been a comprehensive effort to emancipate global corporations from the laws and regulations devised by the world’s democracies to protect citizens from corporate abuse. The new NAFTA offers clues on how to change that balance of power but does nothing to alter it, as evidenced by the enthusiasm shown for Trump’s new deal by top corporate lobbyists.

If you are a corrupt monopolist, chances are Trump’s new NAFTA has something for you.

Trump administration’s efforts to jettison the Investor-State Dispute Settlement process are a promising development. ISDS panels allow corporations to challenge a country’s laws and regulations before a secretive, unelected international tribunal. They’re a clear affront to democratic sovereignty and serve as a powerful tool corporations can use to block new environmental or public safety rules. But the new NAFTA essentially preserves ISDS for oil and gas companies, maintaining the forum as an avenue to stymie new climate change regulations.

Despite tough talk from Trump about high drug prices, his NAFTA deal includes a bevy of new intellectual property rights that will put upward pressure on costs.

All of this is in keeping with Trump’s overall approach to trade, which has set higher corporate profits as its only serious objective. His tariffs on steel have proved to be a boon for steel industry magnates but are yet to translate into meaningful gains for actual steelworkers.


“What is really clear is that it’s going to make pharma and oil companies even richer.”

So it is at least 5% better, or better for SOME Americans?

I don't view that as a total loss. Donald showed what he cares about the most, no surprise. Donald did make it better. Now if in 10 years we can make it another 5% better.....

He really has done a lot that sob. LOL. I only hate him as much as I did Reagan which isn't completely.