General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsUSMCA: "He didn't get much, he got to rename it," Kirkegaard said.
USMCA is 95 percent the existing NAFTA agreement, said Jacob Kirkegaard, a senior fellow at the Peterson Institute for International Economics. There are provisions in there that cover things like e-commerce and digital services, but with regard to the manufacturing sector, for instance, theres very little change.
To the extent that Trump can claim credit for an economic lift provided by the USMCA, economists said that was more a function of the White House keeping most of the existing agreement in place after initially threatening to pull out of NAFTA entirely without a replacement in place.
I would think of this more in terms of what wouldve happened if this agreement didnt go back into place. That wouldve been disastrous for the economy, said Dan North, chief economist at Euler Hermes North America.
Exiting NAFTA without replacing it would have forced the three nations to revert to WTO rules around trade, which would have upended supply chains and disrupted production throughout the continent.
https://www.nbcnews.com/business/economy/trump-signs-usmca-trade-deal-replace-nightmare-nafta-n1125526
Kinda like the arsonist wanting credit for putting out the fire he started.
dchill
(38,484 posts)AND he actually thinks he's a hero!
marble falls
(57,080 posts)moondust
(19,979 posts)He claimed this in NJ yesterday and I wondered if he's going to bullshit his suckers into believing it's in the USMCA.
https://www.newsweek.com/donald-trump-reignites-claims-mexico-will-pay-border-wall-1484585