Mexico Agrees To New NAFTA Deal (McCain, leader, money, work)

[phma]

Originally Posted by dothetwist

And you think this is good for the US economy? Wowser.

And you think its good for Canada ? Yowser

[Dbones]

Originally Posted by dothetwist

And you think this is good for the US economy? Wowser.

Yes it will be good. 25% more for cars sold to Canada. Will Canada choose to import German cars for much more which they can't afford? Will they decide to import garbage Chinese cars or will they just give up cars and walk everywhere?

[moneill]

Originally Posted by phma

If you want to see someone soil their pants wait until Canada rejects a settlement and gets hit with a 25% tariff on autos.

Did you think this through?

You know there are cars manufactured in Canada and in Europe right? Canadians will stop buying American cars.

Who does that hurt?

When a country stops buying what you want to export who does that hurt?

Are you playing with us?

[moneill]

Originally Posted by oceangaia

I posted a link to news about the preliminary agreement. It's not an absolute minimum wage for everyone.



"In order to qualify for tariff-free status in the North American market, the United States is pushing for 40% of the content of cars and 45% of the content of pickup trucks to be made by workers who are paid at least US $16 per hour."


The purpose is to level the playing field. We already meet that standard. We are pushing Mexico to meet that standard so that auto makers do not have a big wage incentive to shift production to Mexico. The average auto worker in this country makes $16/hour. The average Mexican worker makes $3/hour.

It's another form of a tariff for goodness sake and it raises the price of production. Who pays that?

Consumers!!!!!!

[moneill]

Originally Posted by WaldoKitty

Trump keeps winning. Accomplishing things the leftist said he'd never do.



Lots of heads keep exploding.

Winning!!!! Increased prices for all, threatening tariffs that will impact production of exports -- and therefore cut jobs, etc.......

Trickle down impact is much less significant than the domino effect.

Higher prices, decreased demand for exports #MAGA.

[moneill]

Originally Posted by Dbones

Yes it will be good. 25% more for cars sold to Canada. Will Canada choose to import German cars for much more which they can't afford? Will they decide to import garbage Chinese cars or will they just give up cars and walk everywhere?

You do know that cars are manufactured in Canada too right?

Hmm maybe you don't. Here's a list right now -- but automobile manufacturers can change what they make and where.

https://www.ic.gc.ca/eic/site/auto-a...g/am00767.html

[Finn_Jarber]

Originally Posted by mikeyyc

Depends on the details. Also, there's 1/3 of NAFTA that hasn't come to agreement yet.

Sounds like they basically agreed to re-name it with very minor changes.

[Mikala43]

The US has a tariff on EU trucks..... and what does that result in? No EU trucks here. It's called the Chicken Tax. (Germany put tariffs on our chickens after WWII, and we got mad and put tariffs on passenger trucks)

That's how it will work with Canada too. They just won't import US cars. Yay? I mean I'm fine with it, as it doesn't impact me, but I do not think it is a good thing for our people who work in car manufacturing.

Edit: I may have some of the details off, but the general effect is the same

[PullMyFinger]

Canada affects our economy very little as a whole. Trade conflicts would be more of a regional problem. I’m in Minnesota so I’m sure we would feel it.

[McGowdog]

Originally Posted by t206

Maybe Nancy Pelosi can get it passed so that they will then be able to read it and find out whats in it.

Ooh snap.

Oh, it's currently called the United States Mexico Trade Deal, not NAFTA.