re: 7 Quick Takeaways from America's New Trade Agreement with Canada and Mexico

I agree with this. The Canadian trade deal is a good example. Really not much change--one Canadian minister said today that they would have signed this deal a year ago.

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Quit the contrary--less competition hinders advances in efficiency.

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Uhh yes. That's what we've been saying...

The U.S. cannot compete with the low wages of other countries, thus there's less competition.

Allowing the U.S. to begin competing again advances efficiency.

You're literally arguing against your own point! LOL

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Just think how much profit would have been in the telegraph business if the country had tariffed telephones service 100%? Would you have favored that in the name of saving telegraph jobs??

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Why are you relating tariffing telephones in favor of the telegram? That's a vertical technological advancement of within the same subindustry.

How is that related to tariffing China or Mexico for the same goods as the U.S. can produce?

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When the other side can't present a logical argument and relies on some vague statement such as this... you know they have nothing left in the chamber.

If you're going to respond to me, use logic, facts, and business concepts.

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Says burning heart

You said I knew nothing about business. You got a link? what kind of stupid statement was that?

Everything I have posted uses logic, facts and business concepts. Nothing you have posted does.

Where is the logic in your post after post that simply ignores that tariffs result in less competition and less competition is BAD for economies?

Just because you choice to wax on and on and on with your opinions doesn't make them FACTs.

Only in your twisted mind would anyone think that mandated higher labor expenses to any supplier in the US markets will not result in higher consumer cost. Do you think if Ford goes up $500 on Mexican made F150s they will not go up the same amount on US made F150s? Do you just friggin ignore the impacts on consumer spending of higher cost of goods?

Nucor went up on domestic steel to domestic customers almost the same day the tariffs were implemented. All the industries protected will.

Forget it Burning Heart.

Do you have any economic and/or business owner experience?

I am finished for tonight.

They don't but if I mention the word "tariff" the same ole same ole ranters come out to post.

I hope Trump is successful in getting what he wants out of China--IP protection and fewer barriers to US investment in China (isn't it wild that those are most of the stated goals of the trade office and these folks at PT think what Trump wants will hurt China??))

they simply deny basic truths--tariffs raise cost to consumers, tariffs reduce competition, tariffs are corrupting of government. Trump knows these things.

I am afraid he has put his neck out there too far with China. He might could have just gotten what he wanted by pushing to reform the TPP in a more favorable way. I don't know. Putting China in a position of having to lose face to have a successful negotiation doesn't seem smart to me.

Where I disagree with Trump is on the steel tariffs and on his belief that China will roll over. What Trump wants in China will help them and us tremendously and I know the Vice Premier favors action on these things so I am hopeful this will be resolved at the G20 summit in Argentina.

The Canadian thing was really not a big deal. Both sides claimed victory and neither did very much.

I do not trust Ross and the democrat Navarro. (I wonder what Navarro thinks about Kavenaugh??)

Good night.

chicken, ban ib until this simple question is answered

ib, you are a pansy who doesn't even believe what you type. your refusal to address the question is proof. your idiotic repetitive droning has made everyone tone deaf to your crusade

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Let's just raise min wage to 16/hr Would that benefit consumers?

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wut?

Its just value. My parents bought their first brand new car off of $15,000 household income. I can buy a significantly better new car, on $100k+ income.

Are you saying my earnings are worth less because prices are more, and my income is also more? Hardly. Its just value in a barter system. People raise prices, they either get it, or go under

And I am in no way in favor of a minimum wage. As you can see it guarantees illegal immigration. Money off the books, as it were. And allows China and Mexico to steal jobs, based on lower wages, alone.

So if car prices go up, they will get that price or go bankrupt. But they wont be taking jobs to Mexico, just so they can sell cheaper cars

"Does it include Film Tax Credits?

Yes. This latest agreement makes no pretense to be about free film credits (or even freer film credits). It’s a protectionist agreement imposed by the U.S. on the other two countries to steal all of their motion picture business."

You missed this part of the article which is very important!

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Don't shoot the messenger

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would be so much easier if you just did it yourself

Wages are higher than at anytime in our history. That is in real dollars too.

So it is just a myth that wages and standards of living cannot grow in a more service economy. Computer programmers, doctors, research scientist ect. are all service jobs BTW.

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there is no evidence in any numbers of the Bureau of Labor Statistics to support the claim that our trade deficits have resulted in fewer jobs in the US economy.

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Tell that to the employees of Whirlpool in Ft. Smith, AR in 2012 when the doors were closed for good. At one time had a workforce of 4,500 people but the company slowly but surely sent those jobs down south across the border.

Claiming there are no less jobs today than back then isn't anything to gloat about. Imagine the numbers if those jobs hadn't been shipped out of country.