Trump: We Will Get A Fair Deal On NAFTA 'Or No Deal At All'

[To-Whose-Benefit?]

CNSNews
Melanie Arter | June 1, 2018 | 4:22 PM EDT

[excerpt]

https://www.cnsnews.com/news/article/melanie-arter/trump-we-will-get-fair-deal-nafta-or-no-deal-all

(CNSNews.com) – “The United States will agree to a fair deal” on the North American Free Trade Agreement (NAFTA), “or there will be no deal at all.” That’s the message President Donald Trump had for Canadian Prime Minister Justin Trudeau on Thursday.

At issue is the Trump administration’s insistence that the NAFTA agreement include a five-year expiration date.

“The United States has been taken advantage of for many decades on trade. Those days are over. Earlier today, this message was conveyed to Prime Minister Justin Trudeau of Canada: The United State will agree to a fair deal, or there will be no deal at all,” Trump said in a statement to reporters.

[Right_in_Virginia]

“The United States will agree to a fair deal” on the North American Free Trade Agreement (NAFTA), “or there will be no deal at all.” That’s the message President Donald Trump had for Canadian Prime Minister Justin Trudeau on Thursday.

This has been Trump's position since June 16, 2015.  I don't know why Trudeau is so confused.

[Concerned]

This has been Trump's position since June 16, 2015.  I don't know why Trudeau is so confused.

I think Trudeau is confused as to how a long-time ally such as Canada can now be viewed as a "national security" threat to the United States especially when US imports $300B from Canada while exporting $282B (2017 numbers) and when much larger trade deficits are occurring with China ($375B), and Germany, Japan, and Mexico (all $65+B).  He apparently finds the "national security" justification for the Trump tariffs to be "inconceivable" and "an affront" to a country whose soldiers have fought and died alongside American soldiers from Normandy to Korea to Afghanistan. 

https://www.usatoday.com/story/news/world/2018/06/01/canadian-pm-trudeau-calls-u-s-tariffs-totally-unacceptable-and-affront-canada/662733002/

[To-Whose-Benefit?]

I think Trudeau is confused as to how a long-time ally such as Canada can now be viewed as a "national security" threat to the United States especially when US imports $300B from Canada while exporting $282B (2017 numbers) and when much larger trade deficits are occurring with China ($375B), and Germany, Japan, and Mexico (all $65+B).  He apparently finds the "national security" justification for the Trump tariffs to be "inconceivable" and "an affront" to a country whose soldiers have fought and died alongside American soldiers from Normandy to Korea to Afghanistan. 

https://www.usatoday.com/story/news/world/2018/06/01/canadian-pm-trudeau-calls-u-s-tariffs-totally-unacceptable-and-affront-canada/662733002/

Let's wait to see the rubber hit the road with Canada.

Mexico has a wall to pay for.

[Hoodat]

NAFTA is already fair.  No tariffs, period.  Our exports to Mexico have quintupled since Mexico signed on to NAFTA and dropped their tariffs.

And now Trump wants to ruin all of that.

[Oceander]

Let's wait to see the rubber hit the road with Canada.

Mexico has a wall to pay for.

/snicker

[Hoodat]

I think Trudeau is confused as to how a long-time ally such as Canada can now be viewed as a "national security" threat to the United States especially when US imports $300B from Canada while exporting $282B (2017 numbers)

Our exports have increased almost threefold since we were able to convince Canada to eliminate its own import tariffs by accepting NAFTA.  Our trade deficit with Canada as a percentage of exports has fallen from 10% down to 6%.  NAFTA has been a huge success in stimulating economic growth and creating jobs for both countries.

And now Trump wants to throw all that away.

[Concerned]

Our exports have increased almost threefold since we were able to convince Canada to eliminate its own import tariffs by accepting NAFTA.  Our trade deficit with Canada as a percentage of exports has fallen from 10% down to 6%.  NAFTA has been a huge success in stimulating economic growth and creating jobs for both countries.

And now Trump wants to throw all that away.

Yup, and of course, Canada, along with Mexico and the EU, have announced retaliatory tariffs on the US.  The tariffs on US imports will hurt consumers and the tariffs on US exports will hurt US companies.  A lose-lose:  as all trade wars are.

Here's a rundown of the announced or expected countermeasures from the US allies:

Mexico: Its government said it would impose "equivalent measures" on US products — including flat steel, lamps, pork legs and shoulders, sausages and food preparations, apples, grapes, blueberries, various cheeses, and more.

EU: Juncker said the bloc would move forward with tariffs on equal value to the steel and aluminum measures. The EU had previously released a list of US products that would be subject to tariffs in the event the metal restrictions went into effect. The list included blue jeans, motorcycles, boats, bourbon whiskey, rice, playing cards, and steel.

Canada: Foreign Minister Chrystia Freeland told reporters that Canada would impose retaliatory tariffs on US goods including steel, aluminum, and more — up to a value of $16.6 billion. According to Freeland, the tariffs were the "strongest action by Canada in the post-War era." In addition to the industrial metals, the Canadian tariffs would apply to some consumer products, such as maple syrup, pizza, and toilet paper.

http://www.businessinsider.com/donald-trump-steel-aluminum-tariffs-europe-mexico-canada-list-2018-5

[Oceander]

Yup, and of course, Canada, along with Mexico and the EU, have announced retaliatory tariffs on the US.  The tariffs on US imports will hurt consumers and the tariffs on US exports will hurt US companies.  A lose-lose:  as all trade wars are.

http://www.businessinsider.com/donald-trump-steel-aluminum-tariffs-europe-mexico-canada-list-2018-5

And many of the goods that will be subject to retaliatory tariffs are the same goods Mexico targeted the last time the US got into a trade fight - that time over allowing Mexican trucking into the US - and the US ended up squealing like a stuck pig and crying uncle.

[txradioguy]

This whole notion of "fair" trade is a creation of the left.

I'd feel more comfortable if the President was extolling the virtues of FREE trade and a FREE market econy instead of all this fair crap and crony capitalism BS.

[Concerned]

This whole notion of "fair" trade is a creation of the left.

I'd feel more comfortable if the President was extolling the virtues of FREE trade and a FREE market econy instead of all this fair crap and crony capitalism BS.