by Axios | Updated on 10.2.18
Countable asks: Do you support the changes to NAFTA? Any more you'd like to see added? Tell your reps, then share your thoughts below.
It's been about 16 hours since North America agreed on a rebranded NAFTA, and we're starting to get a sense of what's actually in the deal.
Why it matters: Rather than opening another front in a broader trade war, negotiators have secured modest changes that preserve the free trade status quo in North America.
What Trump is saying: “For 25 years as a civilian, as a businessman, I used to say: How could anybody sign a deal like NAFTA?"
Between the lines: "[USMCA] makes a series of changes to areas like intellectual property and the digital economy, including protections for patents and domain names," the N.Y. Times' Alan Rappeport reports.
Where each side wins:
The bottom line: If Congress signs off, NAFTA 2.0 allows Trump to enter the midterms with a major win on trade, without the pain of a trade war next door.
Written by Axios
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Wow, so we hold our neighbors hostage with tariffs in order to rework a deal. Hooray.
What I like to see fair play in trade more products made here we need to rebuild our manufacturing as we had it in the 1940’s. God forbid we have a world conflict or any we need to sustain our economy without major help from outside trade.
The guy in the WH adult daycare and his negotiators did not come up with a completely new trade agreement, they just made a few changes, and renamed NAFTA and called it UMCA. Now we wait for all the legislative leaders of each country to ratify this new NAFTA agreement.
My understanding, per a Bloomberg radio update, is that the partners must now unilaterally approve trade deals. Canada can’t make its own deal with China, for instance. So as the USA re-negotiates with other trading partners, they can’t use our neighbors as a back door into the USA which is still the largest consumer market on the planet.