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Markets up Bigly as Canada Caves, ushers in USMCA
invite response
2018 Oct 1, 1:19pm 2,051 views 8 comments
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1
MisdemeanorRebel
2018 Oct 1, 1:28pm
MisdemeanorRebel
2018 Oct 1, 1:28pm
I know that the Canucks also backed off Diary Protectionism a little bit, but I want to see about the financial and telecom sector which the Canadians have largely walled off from American participation.
Naturally the Neolib/Cons who never did shit to reform NAFTA because it served the interest of Global Trade rather than America, will say it wasn't enough. It was something.
Naturally the Neolib/Cons who never did shit to reform NAFTA because it served the interest of Global Trade rather than America, will say it wasn't enough. It was something.
2
anonymous
2019 Feb 12, 11:20pm
Behind the scenes: Troubles ahead for Trump's NAFTA replacement
About 10 days ago, a deputy to Trump's top trade negotiator gave a shockingly optimistic forecast on the political fate of the U.S.-Mexico-Canada Agreement (USMCA) — the president’s renegotiated NAFTA deal. To the bemusement of two sources on the call, C.J. Mahoney, Robert Lighthizer’s deputy, said he figured the USMCA could get through Congress with huge bipartisan support by the end of April.
Between the lines: Nobody we've spoken to on Capitol Hill thinks Mahoney's prediction is remotely possible. While the two sources on the call were impressed with his technical grasp of the trade deal, they called his comments on its political fate "naïve," saying they betrayed only a tenuous comprehension of the USMCA's troubled standing with Congress.
•Other sources who've discussed USMCA with Mahoney privately say his comments on the call don’t reflect his true opinions about the political troubles encircling the trade deal, saying that he was doing "happy talk" to keep things positive and instill a sense of urgency.
•The White House has also begun ramping up its congressional outreach.
Why it matters: Regardless of Lighthizer and Mahoney's true convictions, the USMCA — Trump's most urgent legislative priority besides government funding — has a tough row to hoe.
•Influential House Democrats say they won't even negotiate with the White House until Trump stops threatening to withdraw from NAFTA and lifts his tariffs on Canada's and Mexico's steel and aluminum.
•Meanwhile, Republicans oppose important parts of USMCA, including its weakening of the NAFTA provision that lets foreign companies sue governments for mistreatment.
What we're hearing: While the White House woos moderate Hill Democrats, the lawmakers are sending up emergency flares. Wisconsin's Rep. Ron Kind, a member of the trade subcommittee on Ways and Means, is one of those Democrats.
•Kind told me he gives Lighthizer credit for "doing a lot more outreach." But he added that, like many of his colleagues, he won't back the trade deal until Trump lifts those steel and aluminum tariffs. Retaliation for these tariffs is hurting Badger State farmers and manufacturers, he said.
•Trump, meanwhile, seems totally unwilling to budge on that point.
•"Time is of the essence," Kind said. "The later this drags into '19, or if it slips to '20, the presidential campaign is going to overwhelm things and make things so much more difficult to move forward."
The bottom line: Nancy Pelosi is the most important person here. She'll decide when the USMCA comes to the House floor. And while she's indicated she's open to Trump's trade deal, Republicans anticipate she'll use her leverage over Trump to extract something substantial (and possibly unpalatable).
https://www.axios.com/trump-nafta-replacement-uscma-9bfa36aa-91d8-40c4-b2ce-4564c670209a.html
About 10 days ago, a deputy to Trump's top trade negotiator gave a shockingly optimistic forecast on the political fate of the U.S.-Mexico-Canada Agreement (USMCA) — the president’s renegotiated NAFTA deal. To the bemusement of two sources on the call, C.J. Mahoney, Robert Lighthizer’s deputy, said he figured the USMCA could get through Congress with huge bipartisan support by the end of April.
Between the lines: Nobody we've spoken to on Capitol Hill thinks Mahoney's prediction is remotely possible. While the two sources on the call were impressed with his technical grasp of the trade deal, they called his comments on its political fate "naïve," saying they betrayed only a tenuous comprehension of the USMCA's troubled standing with Congress.
•Other sources who've discussed USMCA with Mahoney privately say his comments on the call don’t reflect his true opinions about the political troubles encircling the trade deal, saying that he was doing "happy talk" to keep things positive and instill a sense of urgency.
•The White House has also begun ramping up its congressional outreach.
Why it matters: Regardless of Lighthizer and Mahoney's true convictions, the USMCA — Trump's most urgent legislative priority besides government funding — has a tough row to hoe.
•Influential House Democrats say they won't even negotiate with the White House until Trump stops threatening to withdraw from NAFTA and lifts his tariffs on Canada's and Mexico's steel and aluminum.
•Meanwhile, Republicans oppose important parts of USMCA, including its weakening of the NAFTA provision that lets foreign companies sue governments for mistreatment.
What we're hearing: While the White House woos moderate Hill Democrats, the lawmakers are sending up emergency flares. Wisconsin's Rep. Ron Kind, a member of the trade subcommittee on Ways and Means, is one of those Democrats.
•Kind told me he gives Lighthizer credit for "doing a lot more outreach." But he added that, like many of his colleagues, he won't back the trade deal until Trump lifts those steel and aluminum tariffs. Retaliation for these tariffs is hurting Badger State farmers and manufacturers, he said.
•Trump, meanwhile, seems totally unwilling to budge on that point.
•"Time is of the essence," Kind said. "The later this drags into '19, or if it slips to '20, the presidential campaign is going to overwhelm things and make things so much more difficult to move forward."
The bottom line: Nancy Pelosi is the most important person here. She'll decide when the USMCA comes to the House floor. And while she's indicated she's open to Trump's trade deal, Republicans anticipate she'll use her leverage over Trump to extract something substantial (and possibly unpalatable).
https://www.axios.com/trump-nafta-replacement-uscma-9bfa36aa-91d8-40c4-b2ce-4564c670209a.html
3
anonymous
2019 Feb 12, 11:21pm
Republicans launch new group to lobby Congress on USMCA
Well-connected Republican operatives have launched the group Trade Works for America, which aims to spend more than $10 million pushing members of Congress to support the United States-Mexico-Canada Agreement (USMCA), according to two officials who set up the group.
Why it matters: Republicans and industry groups are starting to panic about USMCA, Trump's NAFTA replacement bill. And for good reason.
The details: "We're going to look closely at freshman Democrats in traditional Republican and Trump districts and also Republican members who voted against TPA [Trade Promotion Authority] who may need some encouragement," said Phil Cox, the former executive director of the Republican Governors Association, who co-founded the group with former senior White House official Marc Short.
•"We've laid out a budget of $15-$20 million. We've raised about a third of that to date, and we've really been at it since the beginning of the year," Cox added. (A top outside adviser to the VP, Marty Obst, and longtime GOP operative Jeff Miller are also involved.)
•The group’s funding comes from the pharmaceutical industry, oil and gas, the automotive and agricultural sectors, and traditional GOP donors, according to Cox.
https://www.axios.com/republcians-lobbying-nafta-replacement-usmca-47eb442c-5307-44c2-bb07-0846a78f2e0f.html
Well-connected Republican operatives have launched the group Trade Works for America, which aims to spend more than $10 million pushing members of Congress to support the United States-Mexico-Canada Agreement (USMCA), according to two officials who set up the group.
Why it matters: Republicans and industry groups are starting to panic about USMCA, Trump's NAFTA replacement bill. And for good reason.
The details: "We're going to look closely at freshman Democrats in traditional Republican and Trump districts and also Republican members who voted against TPA [Trade Promotion Authority] who may need some encouragement," said Phil Cox, the former executive director of the Republican Governors Association, who co-founded the group with former senior White House official Marc Short.
•"We've laid out a budget of $15-$20 million. We've raised about a third of that to date, and we've really been at it since the beginning of the year," Cox added. (A top outside adviser to the VP, Marty Obst, and longtime GOP operative Jeff Miller are also involved.)
•The group’s funding comes from the pharmaceutical industry, oil and gas, the automotive and agricultural sectors, and traditional GOP donors, according to Cox.
https://www.axios.com/republcians-lobbying-nafta-replacement-usmca-47eb442c-5307-44c2-bb07-0846a78f2e0f.html
4
Rin
2019 Feb 13, 9:11am
Rin
2019 Feb 13, 9:11am
If Canada's economy tanks, you know what that means? ... cheap hoeing!
Now, those $200/hr hoes in Ontario will undercut each other to let's say $175/hr.
Now, those $200/hr hoes in Ontario will undercut each other to let's say $175/hr.
5
MisdemeanorRebel
2019 Feb 13, 9:26am
MisdemeanorRebel
2019 Feb 13, 9:26am
Trudeau is busy ruining Canada, they've been losing a shitton of jobs because of his policies and Leftist lawfare on oil and gas.
6
Rin
2019 Feb 13, 9:35am
Rin
2019 Feb 13, 9:35am
MisterLearnToCode says
More hoeing for us.
Look, the hoes in Montreal city are gorgeous and many of them, could easily command $500+/hr in those loser desert Nevada brothels, where there's no competition and where hoeing is illegal in urban areas including both Reno & Vegas.
Since this is French Canada, the women don't have that snotty attitude against men as in the Anglo parts like Ontario, where accent free (non-French & non-International) women act like American bitches with their entitled attitudes towards men.
Trudeau is busy ruining Canada, they've been losing a shitton of jobs because of his policies and Leftist lawfare on oil and gas.
More hoeing for us.
Look, the hoes in Montreal city are gorgeous and many of them, could easily command $500+/hr in those loser desert Nevada brothels, where there's no competition and where hoeing is illegal in urban areas including both Reno & Vegas.
Since this is French Canada, the women don't have that snotty attitude against men as in the Anglo parts like Ontario, where accent free (non-French & non-International) women act like American bitches with their entitled attitudes towards men.
7
HeadSet
2019 Feb 13, 1:13pm
HeadSet
2019 Feb 13, 1:13pm
Rin says
Whoaaaa, wrong way to think. If the prices go down, it ain't about saving money. It means you can now get two at a time. More bang for the buck!
If Canada's economy tanks, you know what that means? ... cheap hoeing!
Now, those $200/hr hoes in Ontario will undercut each other to let's say $175/hr.
Whoaaaa, wrong way to think. If the prices go down, it ain't about saving money. It means you can now get two at a time. More bang for the buck!
8
MisdemeanorRebel
2020 Jan 30, 12:41pm
It's official! Barely mentioned from the Lugenpresse.
MisdemeanorRebel
2020 Jan 30, 12:41pm
BIGGEST TRADE DEAL EVER MADE, the USMCA, was signed yesterday and the Fake News Media barely mentioned it. They never thought it could be done. They have zero credibility!
— Donald J. Trump (@realDonaldTrump) January 30, 2020
It's official! Barely mentioned from the Lugenpresse.
We have a trade deal! Dow up 200pts.
https://www.cnbc.com/2018/10/01/us-markets-us-and-canada-trade-deal-economic-data-eyed.html
With the Mexican President leaving, and Canadian Industry Screaming with anticipatory layoffs by the thousands beginning, Soyboy and Freeland caved in.
The details come out later today, but anything is an improvement and far more pro-US progress than any Neoliberal Admin has accomplished in the past 16 years.
#MAGA