Nafta
http://www.cbc.ca/news/world/nafta-c...rump-1.4406520
Well this is the first article that I have seen from an American farmer about NAFTA. He and his family are Trump supporters but it looks like he depends on free trade to keep his family farm afloat. When Free trade with the USA was first proposed, I was opposed because I thought that the Americans being bigger and better at this sort of thing would get the better of us. Actually it has IMO turned out to be good for both countries just like the economists said it would. Due to the size of the US economy leaving NAFTA could have disastrous consequences for their farm community. What do we expect that it will do to ours? Mexico has already made deals with other countries in South America to replace the products they used to buy from the USA. |
I've read several different articles, from a number of sources. They all indicate that US industry and agriculture, almost unanimously, do NOT want NAFTA to fold. NAFTA may need a few tweaks, but overall, it's a good trade agreement.
If that crazy Trump decided to end NAFTA, they would do to him what Italy eventually did to Mussolini. The up-side is, he probably knows that :lol: . |
It will be interesting if Trump cancelled NAFTA. It would provide a good push to Alberta and Canada to try to make up for the losses by focusing on developing more trade with other countries. (Of course there’d be some interim hardship but that’s how it goes.)
Canada increasingly concerned Trump will pull out of NAFTA: Report BNN - 19 hours ago Loonie weakens as Canada, U.S. tensions rise over NAFTA - Article - BNN http://www.bnn.ca/canada-increasingl...eport-1.964359 Alberta exporters hope NAFTA can be saved but ponder life without it With a $90 billion annual stake in the deal, 'you have to imagine what is the worst-case scenario' Excerpt: “But petroleum producers aren't the only ones tied to U.S. trade. America is Alberta's largest trading partner for agriculture and food products. The province also does billions of dollars in trade in plastics, machinery and organic chemicals. “ http://www.cbc.ca/beta/news/business...pact-1.4446600 |
Nafta
Trump needs to be careful, one of the primary US reasons for origional NAFTA was that we had to provide same amount of oil export to them under different world energy crisis. No NAFTA no oil, Americans may "freeze in the dark" even with some increased fracking wells.
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Trudeau never should have campaigned for Hilary and gave the Clinton foundation $20 million tax dollars. I doubt Trump liked that.
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If it is cancelled, the first thing I'd love to see is Canada cancel the alcohol requirement in gasoline. The vast majority of that product is produced south of the border as a direct subsidy to farmers and without Canada purchasing millions of gallons of it, corn prices will fall through the floor. |
What will benefit Canada. That's what I am interested in.
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In a radio interview (forget when/where), the interviewed guest said something about a 6 month clause in which the US can state that they may withdraw from the agreement. However, that does not mean they necessarily WILL withdraw....the clause could be used to;
1) add negotiating pressure (i.e., Canada has 6 months to agree to US terms or else), and/or 2) signal to other countries that there is uncertainty in Canada/Mexico economies and thus the US is open for business. In other words, it could just be a negotiating tactic. or not.... |
Say Trump decides to pull out, what channels does it have to go thru? Can he just nix it himself or does congress vote? How does that work, surely he can't singlehandedly do that?
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http://business.financialpost.com/ne...print-producrs |
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https://www.bnn.ca/delusional-naive-...ctics-1.965201 |
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The same priorities were put forward by Trudeau in the Asia summit deal which got a few countries upset. The failure on tactics is with the group from Ottawa. |
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Couldn’t agree more. He’s an absolute failure. |
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So which is it? |
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But I have been wrong before. |
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Free Trade AgreeMent (FTA) will only include US, Mexico and Canada.
ALL other countries, counties, states, islands, territories, huts, nuts and tents will be exempt in any and every way. * see notation No exceptions, any and all amendments shall be void and null. |
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No more used up than you are, who is following who ?
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She came in through the bathroom window
Protected by a silver spoon But now she sucks her thumb and wanders By the banks of her own lagoon Didn't anybody tell her? Didn't anybody see? Sunday's on the phone to Monday Tuesday's on the phone to me She said she'd always been a dancer She worked at fifteen clubs a day And though she thought I knew the answer Well, I knew what I could not say And so I quit the police department And got myself a steady job And though she tried her best to help me She could steal but she could not rob Didn't anybody tell her? Didn't anybody see? Sunday's on the phone to Monday, Tuesday's on the phone to me Oh yeah |
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A good deal benefits both sides. It takes a skilled person to make a good deal. I don’t have high hopes here. |
Water is part of NAFTA, US has to be careful.
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