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Speaking of cognitive challenges, because you cads forget
Posted on: July 17, 2025 at 08:04:43 CT
Ace UNC
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Trump renegotiated NAFTA with USMCA
This year, he says it was a bad deal.
It was HIS deal.
The guy has dementia.
WHAT IS USMCA?
The pact is Trump’s replacement for the North American Free Trade Agreement, which took effect in 1994. NAFTA slashed tariffs and erased most trade barriers within the continent. In doing so, NAFTA unleashed a burst of trade among the United States, Canada and Mexico.
In the wake of NAFTA, American farmers, in particular, enjoyed increased access to their neighbors’ large markets. But NAFTA also encouraged U.S. manufacturers to move factories south of the border to capitalize on cheaper Mexican labor.
Supporters of the deal said it created a powerful regional bloc — a competitive counter to Europe and East Asia — with each NAFTA country able to take advantage of its strengths: In Mexico, low-cost manufacturing. In the United States and Canada, high-skilled labor and proximity to cutting-edge research.
Trump demanded a revamped deal that reduced incentives for companies to move to Mexico. And he threatened to abandon NAFTA entirely if he couldn’t get what he wanted. Negotiations on a replacement began in August 2017. The three countries signed USMCA in late 2018. After delays and intense negotiations between the administration and congressional Democrats, the House ratified the deal in December and the Senate this month, both with bipartisan support.
https://apnews.com/article/222da26d3fe441dc0afca4194addfc6f
This year, he says it was a bad deal.
It was HIS deal.
The guy has dementia.
WHAT IS USMCA?
The pact is Trump’s replacement for the North American Free Trade Agreement, which took effect in 1994. NAFTA slashed tariffs and erased most trade barriers within the continent. In doing so, NAFTA unleashed a burst of trade among the United States, Canada and Mexico.
In the wake of NAFTA, American farmers, in particular, enjoyed increased access to their neighbors’ large markets. But NAFTA also encouraged U.S. manufacturers to move factories south of the border to capitalize on cheaper Mexican labor.
Supporters of the deal said it created a powerful regional bloc — a competitive counter to Europe and East Asia — with each NAFTA country able to take advantage of its strengths: In Mexico, low-cost manufacturing. In the United States and Canada, high-skilled labor and proximity to cutting-edge research.
Trump demanded a revamped deal that reduced incentives for companies to move to Mexico. And he threatened to abandon NAFTA entirely if he couldn’t get what he wanted. Negotiations on a replacement began in August 2017. The three countries signed USMCA in late 2018. After delays and intense negotiations between the administration and congressional Democrats, the House ratified the deal in December and the Senate this month, both with bipartisan support.
https://apnews.com/article/222da26d3fe441dc0afca4194addfc6f
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Speaking of cognitive challenges, because you cads forget - Ace UNC - 7/17 08:04:43
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