Such a poor article full of lies and mistruths.
So I went looking for something a little more truthful.
Donald Trump just announced a new Mexico trade agreement while promising to terminate Nafta
"President
Donald Trump has announced that the United States and Mexico have reached a preliminary trade agreement"
Ah, it's a preliminary trade agreement. Funny how Fox failed to mention this. An example of "fake news"?
"The agreement announced on Monday focuses narrowly on auto manufacturing,"
Yes, this is a very, very narrow preliminary agreement on auto manufacturing.
"The deal would require 75 per cent of automobile parts and content to be made in the US or Mexico, up from current levels of 62.5 per cent. The deal also stipulates that 40 to 45 per cent of auto content be made by workers who earn at least $16 an hour, according to Reuters."
The first part might not even help the US. How that is a good deal for the US when the extra 12.5% could be made in Mexico anyway.
The second part I don't really see how it's enforceable. There are many ways to get around pretending you pay people X amount of money when really they're not paying them that much money.
"The reported deal between Mr Trump and his Mexican counterpart is by no means finalised, in spite of the celebratory mood in the Oval Office. "
"As the president himself noted, the deal must be sent to Congress and would then undergo a 90-day process before it could be approved. The president also does not have the power to unilaterally strike a new trade deal without the approval of Congress "
Right, so Fox is essentially bullshitting. The deal isn't actually that good at all.
Positive for American workers “yes” or “no?” That’s what I thought. Democrats bring nothing to the table.
Positive for American workers? Maybe not. It might increase the cost of automobiles for American workers, so those few who work in the Automobile industry might do better, as long as they don't want to be buy a new car, for everyone else, oh well. Poorer still.
Again you validate what I posted. “Maybe?” It was a clear cut question...either it’s “good” or it’s “bad” for American workers. Very simple question. Guess it’s tough to give this President credit for anything.
"Maybe?" Because the future is very difficult to see. Unless you think you can tell me the impact of something before it's even happened.
Also to know how one thing has an impact when millions of things are happening that impact the economy, it's an impossible situation.
Then you'd be a liar.
Giving the president credit for what?
The US will almost certainly be worse off due to Trump, some things might work better, but over all it'll be worse.
But carry on pretending you know something more complex than any human can possibly understand.
NAFTA has been terrible for the manufacturing worker in the United States. Every shred of data and evidence clearly indicates that. It’s the reality of the situation. Any move to alleviate that situation should be applauded.
But has he done anything to alleviate the situation? Or has he merely done something which he claims will change it?
So, for the most part Nafta is left intact. He's only dealing with the auto industry. And then the impact is so slight it won't even be noticeable.
Why?
Well, changing the rule that parts for the Auto industry have to come from MEXICO or the USA by 12.5% might mean that 12.5% more goes to MEXICO.
There's no assurances that anything more will be made in the US.
A Mexican import tax would only make cars “Made in the USA” more expensive
"While Mexico’s passenger car exports to the US rank third, behind Canada and Japan, the country is the top foreign supplier of car parts to the United States, with shipments worth $51.6 billion in the first 11 months of last year, according to the US Census Bureau."
Ah, so, Mexico makes a lot of car parts for "made in America" cars. And Trump's done NOTHING to stop this. Because his deal means that these parts have to be made in the US or MEXICO.
"Mexico’s closest competitors are China and Canada, which combined ship two-thirds the value of what Mexico sends across the border."
So, Mexico exports more parts to the US than China and Canada put together. Wow, so this has done what, exactly?
"Twenty-five percent of the parts of a Chevrolet Malibu, for example, assembled in the US came from outside the US and Canada....
By 2016, that percentage had risen to 35% (pdf)."
But nothing much has changed. Because Mexico sends so many parts that it could easily make up the 10% difference here."
"Since early 2010, carmakers including BMW, FCA, Ford, General Motors, Honda, Hyundai, Mazda, Nissan, and Volkswagen have announced more than $24 billion in investments in Mexico, according to the Michigan-based Center for Automotive Research."
And nothing changes, because there's no problem with things being made in Mexico.
So, what, exactly, has Trump done? Nothing much. He's made something to shout about, made a change, which might have a slight impact, but it looks like it might have a more positive effect of Mexico than anywhere else.
