We have a President who actually gives a shit about American blue collar workers. God Bless Donald J. Trump.
BOTTOM LINE: President Trump's USMCA will be great for the economy
Can you list the specific ways the USMCA will help the economy as compared to NAFTA?
Thanks!
1. WASHINGTON, Dec 19 (Reuters) - The new North American trade deal addresses most concerns of U.S. labor unions, Richard Trumka, head of the AFL-CIO union federation, said on Thursday, but even so he expects it could take more than a decade to reverse job losses resulting from the original 25-year-old trade pact.
2. “This isn’t a perfect agreement; it still has room for improvement. But it is well on its way to getting there,” Trumka said in an interview. “It’s going to take a few years to begin to reverse the bad and the evil that was done by NAFTA, the harm that was done to our economy and to the manufacturing sector.”
He said it could take eight to 12 years to reverse the loss of manufacturing jobs triggered by the original free trade deal.
Automotive jobs were a linchpin issue of the deal.
3. The AFL-CIO estimates the United States has lost 851,700 jobs to Mexico because of NAFTA. The U.S. goods trade deficit with Mexico was $80.7 billion in 2018, compared with a $1.7 billion surplus in 1993, thanks in part to U.S. companies moving manufacturing operations south of the border.
AFL-CIO's Trumka says USMCA is first step to undoing evils of NAFTA