International USMCA: Congress Ratified New & Improved Trade Deal To Replace NAFTA

[Mendacious]

If it weren't for the existence of thermonuclear weapons, we'd probably have been at war with the CCP a long time ago. Their actions are that egregious, and is the thanks America gets for wiping out a regional menace and bringing them into the fold of the global economy. There's really little doubt that they represent the most threatening geopolitical nemesis in American history, and it would be the most "justifiable war" since the 1940s.

It has become a really bizarre regime that is steeped in neither Maoism nor Dengism. They seem keen to retain the latter in the sense of economic development and modernization under the governance of a one-party state. On the otherhand, they've broken from Deng policy in two major ways: moving back towards a totalitarian institutional imprint domestically and a rejection of soft power foreign policy.

They’re really like fascists.

They’re projecting control over all of the industries, they’re increasingly nationalistic, they’re trying to wipe out minorities through “assimilation,” and they have an increasingly aggressive foreign policy where everything belongs to China, especially Taiwan

They haven’t gone balls to the wall with their foreign policy yet (because they’re afraid of getting fucked up) but they’re sneakily gaining more and more territory in the South China Sea.

 

[ultramanhyata]

I don't really think of Lighthizer as being GOP. It's a whatever trade deal, but an improvement on NAFTA with the holdout modifications and far preferable to being in limbo with the country's most significant trading partners.

Only one republican Senator voted against USMCA. USMCA was central to the republican president's agenda. If you think this is a quality trade deal then, by definition, you consider the GOP still capable of producing and supporting good legislation that benefits the American people.

It shouldn't be that hard to say.

 

[ElKarlo]

Passing a trade bill where the corporations were locked out of the negotiating room, and the labor unions took their place, is the only trade deal I support.

I'd also add that exporting poor labor practices and environmental laws is bad as well. That's basically why nafta was so bad for the US worker and then China came in for the finish

 

[Arkain2K]

New USMCA trade pact to go into effect on July 1

U.S. Trade Representative Robert Lighthizer​

WASHINGTON — U.S. Trade Representative Robert Lighthizer on Friday said he has notified Congress that the new U.S.-Mexico-Canada trade agreement will take effect on July 1, a month later than initially proposed.

In a statement, Lighthizer said both Mexico and Canada had taken measures necessary to comply with their commitments under the U.S.-Mexico-Canada Agreement (USMCA), which replaces the 26-year-old North American Free Trade Agreement (NAFTA).

Some industries, including automakers, had been arguing for a delayed implementation because of the difficulties they are facing from the coronavirus pandemic.

Mexico had asked the United States and Canada for a longer transition period for the auto industry to certify that it was meeting new, more stringent North American content rules.

Lighthizer said his office would work to ensure a smooth implementation of the new trade rules.

“The crisis and recovery from the COVID-19 pandemic demonstrates that now, more than ever, the United States should strive to increase manufacturing capacity and investment in North America,” Lighthizer said in a statement. “The USMCA’s entry into force is a landmark achievement in that effort.

The accord includes tougher rules on labour and automotive content but leaves US$1.2 trillion in annual U.S.-Mexico-Canada trade flows largely unchanged. Trump had been a critic of NAFTA.

https://business.financialpost.com/...merican-trade-pact-to-take-effect-july-1-ustr