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NAFTA Update: Likely ‘Loggerheads’ to be Announced At 3:00pm
Posted on 10/17/17 at 10:42 am
Posted on 10/17/17 at 10:42 am
LINK
quote:
NAFTA Round #4 negotiations have been ongoing and resulting in little progress on the serious issues surrounding the three nation trade pact.
Word from behind the scenes, and off-the-record, finds several insiders with the opinion that the decision by the U.S. Chamber of Commerce lobbying group to conflict with President Trump and the U.S. trade team has backfired.
U.S. CoC President Tom Donohue made the decision to align in common cause with Canada and Mexico, against the interests of the U.S., and go public with his attacks against the U.S. negotiating team, the administration and President Trump personally.
Following the confrontational approach by the largest DC lobbying group, the U.S. team asked Canada to take their protectionist trade restrictions off the Dairy and Poultry sectors. Canada was adamant they will never leave their agriculture unprotected, and rejected any consideration of open trade discussion toward those sectors.
The U.S. is standing firm on three elements that Mexico and Canada are dead-set against:
1. A proposal that NAFTA be revisited every 5 years with measured way-points to ensure equity in trade position along with updates, if needed, to fast changing sectors.
2. A proposal to change the rules of origin to ensure that around 70% of automotive parts used in manufacturing actually come from inside the three-nation trade block (not Asia). Currently most cars built in Mexico, sent to the U.S., use Chinese parts.
3. A proposal that U.S. companies have preferential treatment for U.S. government taxpayer contracts. This keeps U.S. government stimulus spending inside the U.S. economy. [Canada and Mexico want access to U.S. contracts and U.S. taxpayers expenditures to expand their own economy.]
Canada and Mexico have stated their joint intention to use the DC lobbying groups, including the U.S Chamber of Commerce, to purchase American politicians, block the U.S. trade proposals and increase pressure on President Trump to comply with their demands.
Apparently this CanaMex hostile approach -and alignment with Tom Donohue- does not sit well with President Trump. It should be noted that Chamber President Tom Donohue and Mitch McConnell are best friends and the majority of McConnell’s incumbent campaign funds comes directly from Donohue.
quote:
VIA REUTERS – U.S. Trade Representative Robert Lighthizer, Mexican Economy Minister Ildefonso Guajardo and Canadian Foreign Minister Chrystia Freeland are scheduled to meet and take stock of the negotiations before issuing statements at a joint event at 3 p.m. (1900 GMT). They later plan to separately brief media.(link)
Posted on 10/17/17 at 10:44 am to GumboPot
I mean, it's like negotiators before this never used common fricking sense.
Posted on 10/17/17 at 10:46 am to bamarep
quote:
I mean, it's like negotiators before this never used common fricking sense.
Posted on 10/17/17 at 10:49 am to bamarep
So...Donohue will be the end of NAFTA.
Good for him.
Good for him.
This post was edited on 10/17/17 at 10:50 am
Posted on 10/17/17 at 10:54 am to bamarep
quote:
I mean, it's like negotiators before this never used common fricking sense.
They didn't care. The U.S. Chamber of Commerce representing the multinational companies was paying their bills. As long as they were profiting NAFTA was sold as 'free trade".
As the current Commerce Secretary Wilbur Ross said in a recent CNBC interview (paraphrasing), "free trade is a perfect theory at the universities and think tanks. In the real world free trade does not exist." Then he gave a couple of examples of what was labeled as "free trade" and demonstrated how it was actually unfair to American interest and protectionist trade for Canada, Mexico, China and others.
Posted on 10/17/17 at 10:55 am to udtiger
quote:
So...Donohue will be the end of NAFTA.
Good for him.
Just so we are clear, Donohue does not want to end NAFTA.
Posted on 10/17/17 at 10:57 am to GumboPot
quote:
Tom Donohue
Poor chap. I guess we just figured out who Mr. President will be breaking next.
I guess looking at what he did to Hillary, Megyn Kelly, and the NFL wasn't enough for him to understand.
Drain it.
Posted on 10/17/17 at 10:58 am to GumboPot
quote:
1. A proposal that NAFTA be revisited every 5 years with measured way-points to ensure equity in trade position along with updates, if needed, to fast changing sectors.
Seems like a fine idea. I'd probably go with 7 or 8 years.
quote:
2. A proposal to change the rules of origin to ensure that around 70% of automotive parts used in manufacturing actually come from inside the three-nation trade block (not Asia). Currently most cars built in Mexico, sent to the U.S., use Chinese parts.
This is absolutely a good idea.
quote:
3. A proposal that U.S. companies have preferential treatment for U.S. government taxpayer contracts. This keeps U.S. government stimulus spending inside the U.S. economy. [Canada and Mexico want access to U.S. contracts and U.S. taxpayers expenditures to expand their own economy.]
I'm fine with Canadian and Mexican firms getting to bid on US gov contracts. As long as US firms can do the same for theirs.
Posted on 10/17/17 at 11:00 am to GumboPot
I have been saying this for months. Blow the shite up and see where Canada and Mexico are after you cut them off the American Tit.
NAFTA is worse than any other entitlement program out there.
NAFTA is worse than any other entitlement program out there.
Posted on 10/17/17 at 11:04 am to GumboPot
quote:
Just so we are clear, Donohue does not want to end NAFTA.
No doubt. But his interference will lead to this result.
Posted on 10/17/17 at 11:04 am to cokebottleag
quote:
I'm fine with Canadian and Mexican firms getting to bid on US gov contracts. As long as US firms can do the same for theirs.
That is the worst idea out of all of them. The government doesn’t need to be spending our tax dollars in countries like Mexico who are ridden with corruption and can’t take care of their own people. Stimulus are meant to better the US economy and should be 100% USA origin.
Posted on 10/17/17 at 11:10 am to fjlee90
quote:Good!
Tom Donohue
Poor chap. I guess we just figured out who Mr. President will be breaking next.
Posted on 10/17/17 at 11:10 am to MorningWood
Oh man can you imagine the historical melt that going to come if President Trump actually no shite terminates NAFTA?
It will be bigger than DACA and Paris.
It will be bigger than DACA and Paris.
Posted on 10/17/17 at 11:11 am to cokebottleag
quote:
I'm fine with Canadian and Mexican firms getting to bid on US gov contracts. As long as US firms can do the same for theirs.
I understand your sentiment. However the U.S. is large enough where the US government will receive competitive bids 99% of the time with U.S. only firms. In those rare specialized cases I would agree to opening bids to vetted international companies. For example, French cold fusion technology.
Posted on 10/17/17 at 11:12 am to GumboPot
Good grief. Of course Canada and Mexico are fighting to keep status quo. Clinton gave them so much of our potential wealth for nothing. NAFTA is wealth-redistribution.
Posted on 10/17/17 at 11:13 am to Sentrius
quote:
Oh man can you imagine the historical melt that going to come if President Trump actually no shite terminates NAFTA?
This is the biggest melt that is currently going on and the media is reporting on it sparsely.
Posted on 10/17/17 at 11:16 am to GumboPot
I'm actually looking forward to the GOPe melt more than neoliberals.
It's going to be fun as shite.
It's going to be fun as shite.
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