re: BMW "not budging" on Mexican plant

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has been negotiated off and on for like eight years. NAFTA took four years the first time around, and that was with everyone on the same page.


Bureaucrats aren't known for their record setting pace.

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Do you think that's going to be different with Trump? Dealing with the Mexican and Canadian bureaucracies and legislators? With a Congress in which most of voters are still heavily pro-free trade and NAFTA?

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What exactly do you think they want to re-negotiate?


They are likely eager to put in safe guards to limit Trump's leverage. They already know of his plan to tax remittances. An industry that sends $25B to Mexico annually. Trump has already caused several businesses to withdraw from completing and developing manufacturing plants in Mexico.

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Not really. Companies don't make strategic decisions like that on a whim. They've been planning these things for months or years and decided to give the president a bit of good publicity because it never hurts, but they aren't changing their core direction.

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If they concede on manufacturing (which would be stupid), we are going to concede elsewhere. Why?


It signals to others willingness to negotiate and will politically be very popular.

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Again, what happens to our agricultural sector? That's what is really going to get killed if we start pushing around tariffs.