Keep watching ... IMHO, this 'trade deal' is just beginning and the parameters will continue to be set.
Pence comes to Minnesota to talk up revamped Mexico-Canada trade dealVice President Mike Pence will roll into Minnesota Thursday morning to meet with farmers and steelworkers in a Midwestern push to talk up the benefits of President Donald Trump's revised trade pact with Mexico and Canada.
In response, Democrats hosted a competing event Thursday morning at the State Capitol criticizing Pence and the Trump administration as having "done real harm to the health and livelihoods" of Minnesotans, especially farmers.
Pence visited R & J Johnson Farms in Glyndon, near Fargo- Moorhead, where he spoke to farmers about how the United States-Mexico-Canada Agreement (USMCA) would help them..............
.................The new trade agreement "would likely have a positive impact on all broad industry sectors within the U.S. economy," with manufacturing experiencing the largest percentage gains in output, exports, wages, and employment. according to an analysis by the United States International Trade Commission.
It could add a modest $70 billion to the $21 trillion U.S. economy and create 176,000 new jobs. It also provides for the free flow of data, critical for banks, airlines and online retailers, according to the Washington Post............
...........Trump took to Twitter last weekend and threatened steeper tariffs against China. Supporters of the existing tariffs including the Alliance for American Manufacturing say nearly 13,000 factory jobs have been created or saved and investments are now being made in American steel and aluminum plants, according to the Washington Post.
But one Washington D.C.-based think tank, the Peterson Institute for International Economics, has calculated that every steel factory job saved or created costs American consumers and businesses more than $900,000 annually.
An Associated Press analysis also found that the Trump administration has granted more than 370 companies tariff exemptions on 4 million tons of imported steel............
http://www.startribune.com/pence-comes-to-minnesota-to-talk-up-revamped-mexico-canada-trade-deal/509692602/
