Who Wins? Who Loses?

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10-02-2018, 06:58 AM
Lewkowski

Trade Deal // Who Wins? Who Loses?

https://www.cnn.com/2018/10/01/polit...ces/index.html

"(CNN)The United States, Canada and Mexico came to a last minute agreement on a revised trade deal that could replace NAFTA. It's called the USMCA.

President Donald Trump and his Mexican and Canadian counterparts are expected to sign the deal by the end of November. It will then be up to Congress to approve the deal, which is likely to come up for a vote next year.
Negotiations between Canada and the United States pushed right up to a deadline imposed by the Trump administration Sunday night, and details of the agreement were starting to emerge..
Here are the biggest changes between the nearly 25-year-old NAFTA agreement and the new provisional USMCA."

I'm curious to see the international perspective here.
10-02-2018, 11:13 AM
EyeKhan

Quote:

Originally Posted by Lewkowski

https://www.cnn.com/2018/10/01/polit...ces/index.html

"(CNN)The United States, Canada and Mexico came to a last minute agreement on a revised trade deal that could replace NAFTA. It's called the USMCA.

President Donald Trump and his Mexican and Canadian counterparts are expected to sign the deal by the end of November. It will then be up to Congress to approve the deal, which is likely to come up for a vote next year.
Negotiations between Canada and the United States pushed right up to a deadline imposed by the Trump administration Sunday night, and details of the agreement were starting to emerge..
Here are the biggest changes between the nearly 25-year-old NAFTA agreement and the new provisional USMCA."

I'm curious to see the international perspective here.

The new automotive requirements will probably increase costs, which will get passed on to consumers. On the surface, it seems like a positive for worker wages in MX, unless it just means jobs requiring higher wages will move back to the US.
10-02-2018, 12:08 PM
Ominous Gamer

I'm more concerned with the increased prices for milk and dairy for the average US consumer. Every cent in that market counts far more than the auto industry.
10-02-2018, 12:59 PM
EyeKhan

Quote:

Originally Posted by Ominous Gamer

I'm more concerned with the increased prices for milk and dairy for the average US consumer. Every cent in that market counts far more than the auto industry.

Oh, I totally agree. I'm not super concerned about the automotive effects, from a consumer standpoint anyway....