NAFTA Watch – U.S. Trade Rep Robert Lighthizer and Canada’s Minister Chrystia Freeland Terse Words…

The 30-day extension on exemptions for Steel and Aluminum tariffs is scheduled to expire June 1st.  President Trump is positioning the U.S. Trade Team for a substantial reset. According to reports, U.S. Trade Representative Robert Lighthizer and Canadian Foreign Minister Chrystina Freeland held a terse meeting today over the tariffs and Canada’s unwillingness to close the NAFTA ‘fatal flaw‘ (loophole).

Both Canada and Mexico have structured key parts of their trade agreements to take advantage of their unique access to the U.S. market.  Mexico and Canada generate billions in economic activity through exploiting the NAFTA loophole.  China, Asia (writ large), and the EU enter into trade agreements with Mexico and Canada as back-doors into the U.S. market.  So long as corporations can avoid U.S. tariffs by going through Canada and Mexico they will continue to exploit this approach.

If the U.S. applies the same tariffs to Canada and Mexico we apply to all trade nations, then the benefit of using Canada and Mexico -by those trade nations- is lost. Corporations will no longer have any advantage, and many are likely to just deal directly with the U.S.  However, this would mean hundreds of billions in lost economic activity for Mexico and Canada.  It is the NAFTA fatal flaw.

U.S. Trade Representative Robert Lighthizer has been working with Mexican and Canadian officials on different ways to remove this problem.  However, in any solution where the one-sided NAFTA benefits are removed, Mexico and Canada lose.  Therefore Canada and Mexico are approaching the negotiations as a zero-sum game.

Though it is still too early to tell, it appears Ambassador Lighthizer has informed Canadian Foreign Minister Freeland the removal of the NAFTA benefit for Canada and Mexico will happen.  Apoplectic Minister Freeland is responding….

Remember, “IF” the U.S. team leaves NAFTA, the generally accepted hit to the U.S. stock market will be around 10% to 15%.  This is due to Wall Street multinational corporations being the largest benefactors of the current status.

If Wall Street multinationals lose the NAFTA loophole benefit, they will initially make less profit until they reposition their investment assets according to the new trade structure.

However, in the past year more companies have shifted capital in preparation for the possibility of NAFTA being fundamentally restructured. So the ramifications are less now than they were mid-year 2017.  In 2018 this overall NAFTA exit possibility is more ‘factored-in’ to the overall market valuation than it was in 2017.

It is common sense that Wall Street having been the biggest benefactor of NAFTA, will stand to lose the most in any NAFTA restructuring.  Conversely, Main Street was the biggest loser in NAFTA, and Main Street will stand to gain the most from NAFTA restructuring which creates equity in trade opportunity.

That ‘America-First’ approach is one of the cornerstones of MAGAnomics.

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This entry was posted in Big Government, Big Stupid Government, Canada, China, Decepticons, Deep State, Dem Hypocrisy, Donald Trump, Economy, European Union, media bias, Mexico, NAFTA, President Trump, Trade Deal, Uncategorized, US dept of agriculture, US Treasury, USA. Bookmark the permalink.

190 Responses to NAFTA Watch – U.S. Trade Rep Robert Lighthizer and Canada’s Minister Chrystia Freeland Terse Words…

  1. FL_GUY says:

    The elitist parasites of Canada and Mexico want to continue to suck the life blood out of the USA economy. It’s time to de-worm…..DUMP NAFTA!!!!!!!

    Liked by 47 people

    • yy4u says:

      The USA has been the world’s piggy bank long enough.

      Liked by 24 people

      • I remember when nafta was implemented. We all told each other the world is shrinking and it is a one world economy and you could hear the sucking sound as the power of the US economy was taken from its citizens. How in the heck did they get me to buy into that deeply flawed system of thinking. I am too old for it to make any difference now, but If I were a young man again, I would be seeing unlimited possibilities on the horizon!!
        Thanks God for President Trump, and his pack of wolverines!
        I get a kick out of poopsie getting terse, does she repeat everything in three languages?

        Liked by 12 people

    • 335blues says:

      The arrogance of Canada is disgusting, but not unexpected.
      Being that the population voted for a socialist government and economy,
      it is not surprising to see Canada embrace communist china.
      President Trump is the President of America, and was elected to represent
      American interests.
      Expect to see Canada embrace communist china with both arms when
      Trump cuts off the America teat, as if that’s going to help them. Because
      Trump is cutting off china’s access to the American teat.
      Canada’s arrogance makes me angry.

      Liked by 17 people

      • snellvillebob says:

        Its best for Canada to be cut loose so it’s Socialist government can run out of their money rather than ours. Lets see how long the little soy Justin is in charge up there.

        Liked by 20 people

      • piper567 says:

        Freeland is a sorry substitute for what should be a Trade Rep.
        She outed herself on Day 1 by calling for transgender rights to, huh? be incorporated into Trade Talks.
        Woefully functioning below the level required.
        Lightsaber on the other hand is Top Notch.
        Its almost sad, there’s No Contest when it comes to comprehension.

        Liked by 16 people

      • The Demon Slick says:

        Canada is like the US in a way, large coastal cities ruling over the countryside, like feudal castles of old.

        Liked by 4 people

        • G. Combs says:

          However Canada is a democracy while the USA is a republic with an electoral college that removes some of the ‘fatal flaw’ found in a pure democracy.

          (Never let a marxist call the USA a democracy. WE ARE NOT!)

          Liked by 6 people

          • yucki says:

            Our electoral college is another manifestion of, “G-d shed His grace on [us].
            The election in Canada is over before the polls close in the West.

            I also believe their election was rigged. I fear Canadians may never get another chance, things are going down so fast there.

            Like

      • Simple Jack says:

        If America’s Hat gets ideas about cozying up to China, we should free them of the burdensome monarchy they’ve lived under for centuries.

        Like

    • Bud Klatsch says:

      What are examples of ‘terse’ words? I want to hear them.

      Like

    • Carrie2 says:

      Canada is desperate and think this threat will help protect them? WRONG! Enough of robbing America because we have a President who is far smarter than you and is a real business man which obviously you are not business knowledgeable. Sorry, we will win and then what will you do. Protect your workers who don’t build the whole vehicle? Get real, woman!

      Liked by 3 people

  2. The Boss says:

    When the market over-reacts to the death of NAFTA, look for US companies with little to no foreign revenue, and foreign companies with little to no US revenue. They’ll recover fastest, and be better positioned to expand their top lines.

    Liked by 24 people

  3. sundance says:

    Liked by 22 people

  4. Payday says:

    Time to pull the plug!

    Liked by 14 people

  5. Pat Frederick says:

    NAFTA is the equivalent of your brother-in-law sleeping on your couch — the family yells if you try to throw him out, but he’s wearing your shirts, driving your car and drinking all your beer–while you work all day…

    Liked by 49 people

  6. kevin miele says:

    Wilberine and his little friends are going to tear missy canucK a BRAND NEW A HOLE

    Liked by 2 people

  7. Paul B. says:

    So, Canada and Mexico are angry because they no longer would be able to make illicit money off the US? What a shame! Without that money Trudeau would actually have to govern rather than play progressive ideologue, and that could prove problematic. And after all, Trump did repeatedly assure us that Mexico was going to pay for the wall.

    Liked by 15 people

  8. fleporeblog says:

    I wrote the following on May 26th!

    Liked by 18 people

    • fleporeblog says:

      The plan is moving along BEAUTIFULLY! We had this announcement today about the first $50 billion in tariffs moving forward on China:

      Wilburine told us back when our President extended the exemption on May 1st that at some point the exemption has to end if we are going to help our Steel and Aluminium production in our country.

      That is exactly what will happen at the end of this month. Everyone other than South Korea will see the exemption go bye bye. The only reason South Korea will have the exemption remain is because they renegotiated KORUS.

      Canada and Mexico can go as crazy as they want but the reality will slap them across their face that once the 232 is enacted on automobiles, trucks and parts, you can kiss NAFTA bye bye! Our President will not need to cancel it. It will go by the waste side on its own.

      There is ABSOLUTELY NOTHING RINOs, CoC, Tom Donohoue, Mexico, Canada, EU, China, Japan etc. can do to stop what is headed their way.

      AMERICA FIRST BITCHES!

      Liked by 31 people

      • magatrump says:

        Yes Yes Yes Flep. I love it!!! America First!!! Thank God for President Trump!!!

        Liked by 3 people

        • Bud Klatsch says:

          The bottom line has been for decades that America has suffered a HUGE imbalance on trade. The only solution is for our trading ‘partners’ to balance the books or THEY suffer the consequences>

          Liked by 1 person

          • lady4trump says:

            I love getting back at the CoC, Corporations and the Business Round Table. They deserve it! They have been anti-American worker for decades now, and it has hurt out country terribly.

            Like

            • G. Combs says:

              For an example of just how the sister organization of the Council on Foreign Relations called the Committee for Economic Development, screwed Americans read: History, HACCP and the Food Safety Con Job

              Essentially they are communistic or ‘elitist’ in nature.

              “[…]This group, called the Committee for Economic Development, was officially established in 1942 as a sister organization to the Council on Foreign Relations. CED has influenced US domestic policies in much the same way that the CFR has influenced the nation’s foreign policies….

              Composed of chief executive officers and chairmen from the federal reserve, the banking industry, private equity firms, insurance companies, railroads, information technology firms, publishing companies, pharmaceutical companies, the oil and automotive industries, meat packing companies, retailers and assisted by university economists, representatives from every sector of the economy with the key exception of farmers themselves, CED determined that the problem with American agriculture was that there were too many farmers. But the CED had a ‘solution’: millions of farmers would just have to be eliminated.[…]”

              The article is very well documented (1/2 of the 10 pages are references) What is interesting is it is published in a left leaning blog.

              Liked by 1 person

      • piper567 says:

        flepore…And Congress has absolutely nothing to say ab this??

        Liked by 1 person

        • fleporeblog says:

          NOTHING! The are welcome to take him to court. Think how that will play out across America. RINOs going to court to help countries and corporations in lieu of American workers.

          Liked by 4 people

          • piper567 says:

            flepore…THANKS!!! I kept forgetting to ask, and its always a threat, even thinking ab our treasonous Senate.

            Liked by 1 person

            • fleporeblog says:

              No problem! When it comes to trade they have really no power.

              Like

              • IMO, we are only at this juncture because of the passing of TPA, which is un-Constitutional – take note of #3 below – CONGRESS is to regulate “Commerce with foreign Nations:”

                Section 8.
                [1] The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;

                [2] To borrow money on the credit of the United States;

                [3] To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes; [The Commerce Clause]

                [4] To establish an uniform Rule of Naturalization, and uniform Laws on the subject of Bankruptcies throughout the United States;

                [5] To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

                [6] To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;

                [7] To Establish Post Offices and Post Roads;

                [8] To promote the Progress of Science and useful Arts, by securing for limited Times to Authors and Inventors the exclusive Right to their respective Writings and Discoveries;

                Liked by 2 people

        • svenwg says:

          As Flep has already said, they can take him to court, but the fact remains that it was the auto industry that retooled to manufacture the tanks and other war equipment that helped win the Second World War, without that ability the USA would be reliant on its enemies for war machinery.

          Like

    • MaineCoon says:

      Canadian Foreign Minister Chrystina Freeland really should have read your tweet Flep since she apparently has trouble understanding what Wolverine Lighthizer has been saying. Maybe it was the “Wolverine” part she didn’t understand?? Hmmmm…her dancin’ boss isn’t going to be happy with her!

      Liked by 4 people

    • ristvan says:

      Brazil CANNOT produce more soybeans. They long ago maxed out the best land, and are now contending with debilitating Asian soybean rust (a severely crop damaging fungus) on the southern Amazonia land they foolishly have placed into soybean production to expand output. Either the crop dies or you spend a fortune on fungicides. Not good either way compared to US flyiver country. All Brazil can do is shaft other export customers to supply China. Fine, then US farmers get to supply the shafted other Brazil export customers at prices of our choosing. IMO Trump already long since knows this. And China will figure it out soon, if they have not already.
      All it takes is an hour of internet soybean fundamentals research.

      Meanwhile, China is going to slap tariffs on US pork???. Sure—a Chinese company just bought Smithfield for several $billion, which contract produces and then processes about 40% of US pork. So shoot the other Chinese food foot off while you are are about it.
      Xi is in a world of trade hurt, and Trump knows it. No developer thrives without attention to detail, and Trump is a master developer in the world’s toughest market, NYC.

      Liked by 11 people

      • Esperanza says:

        I don’t see that China has any cards at all. They need the food. Though I don’t get why they can’t feed themselves, China is big.

        Like

        • Elizabeth Carter says:

          As the Russians used to say,” The Communists pretend to pay us and we pretend to work.”

          Liked by 4 people

        • ristvan says:

          Esperanza, I researched this and related questions for 3 years before publishing my first ebook, Gaia’s Limits, in 2012. CHina’s population is ~1.4 billion. US is ~330 million. China’s land area is ~3.7 miilion miles^2. US land area is ~3.8 million miles squared. Game over by ~ 4:1. Trump gets these simple basic facts. (Details given such enormous differences are unimportant—yes SW US is arid, but so is NW China. Yes Rockies are mountainous, but so is SW China). Globalists do not grok the most basic simple comparative national stuff, in my opinion. Trump does and uses it to his advantage.

          For bonus supplemental factoids, which country as a result of population v. arable land produces the most tonnage of the worlds most nutritious (calories per acre) crop— potatoes. Extra points for which country is second? Answers: China is first in potato production, and India is second. There is a rational just God in heaven.

          And the US is truly blessed with the most productive farm land per capita, the worlds largest coal reserves, and the worlds largest oil and gas reserves now that we have horizontal drilling and fracking of source rock marine shales. Trump instinctively knows all this and is simply finally playing the cards God delt us long ago, that we recognoze now because of long enduring American ingenuity in things like agriculture (Cyrus McCormickminvnpented thenhorse drawn mechanical reaper, Monsanto invented both Roundup (herbicide glyphosate) and Roundup ready soybeans) and petrophysics (USinvented about 10 years ago both horizontal drilling and better [sleeve replaced by perf and plug] hydraulic fracturing). Regards from not just a Lurking Lawyer. Hope these details stick with many Treepers in esoteric fact based Trump defense.

          Liked by 9 people

          • Bill Dunn says:

            You saying ristvan in other
            words we have China by the
            b@!!&.
            I love it.

            Liked by 1 person

          • CirclinTheDrain says:

            China can have all the Roundup and GMO crops – they are poison.

            Liked by 1 person

          • L. E. Joiner says:

            ristvan, what you’re saying is that China is resource light, but population heavy—a population heavily skewed to unmarried males, by the way. This is a recipe for Chinese aggression. We know China is building a blue-water navy, a modern air force, a space force, and a stockpile of atomic weapons. The worry is that in an all-out war, the Chinese might be prepared to sacrifice a quarter of their population for access to the resources of the North American continent. How this factors into Trump administration plans for equalizing the trade imbalance I can’t imagine, but it’s got to keep them awake at night. /LEJ

            Liked by 1 person

          • dayallaxeded says:

            Nicely encapsulated! All these things we’ve known we had and invented and used, but they were all devalued by glowbullshits to suppress us so they could exert control and exploit us. But they weren’t really smart enough in broad enough fields to do it effectively. They’ve squandered their capital, their power, on venal, evil pursuits. So glad we have a weapon installed at 1600 PA Ave. May God guard and guide PDJT and all those who support and help him and the USA!

            Liked by 1 person

        • Grandpa says:

          Satellite photos show China doesn’t have a lot of black dirt, but a lot of very marginal soil, sand and rock.

          Liked by 2 people

        • David A says:

          Yes, about the size of the United States including Alaska.

          Like

        • G. Combs says:

          World Map

          World Map — Precipitation: Do not forget that the USA has reservoirs and irrigation too.

          Liked by 1 person

      • piper567 says:

        ristvan,
        Really appreciate your input.

        Liked by 2 people

        • Daniel Mark Camac says:

          Ristvan, That goes double here. You, Flep, Sundance, and so many others here are like drill sergeants keeping us in toe, informed and intelligent. Thank you all. MAGA

          Liked by 7 people

      • fleporeblog says:

        Thank you for sharing that about Brazil! I knew about the pork. They really are going to be in a world of hurt.

        Boeing is doing well right now with everything our President is doing to build up our military. China won’t be able to break them by placing a tariff on their goods shipped into their country.

        Like

    • dayallaxeded says:

      Wonder how Chrysler’s Fiat partnership will work in this new scenario. Purely from a consumer perspective, albeit a “car guy” consumer, I really like what Fiat has been doing. The revived Dart is a really nice car at a very affordable price (do your research on engine options, though–the turbo doesn’t deliver all that much more HP, but eats gas and reduces reliability/service intervals, etc. YMMV). Italy might make a really grand deal via Chrysler. Would really like to see more of the revived Alfa Romeos over here.

      Liked by 1 person

      • fleporeblog says:

        Basically for any company, they can build any car they want and sell it here in the US. There will be no tariff on those cars because the factories are in our country.

        If it is coming from another country, there will be a 25% tariff.

        Liked by 2 people

  9. Mickturn says:

    Canada and Mexico are Leeches on the BODY of America. Time to ‘CUT THEM OUT’!

    “If you see a snake, just kill it – don’t appoint a committee on snakes.” Ross Perot
    Hear that “Giant Sucking Sound”?

    Liked by 16 people

  10. Doppler says:

    So he’s got simultaneous deals ongoing with the two NAFTA partners, China (with NK as adjunct), and the EU over Iran (and at least the possibility that he has through China used NK to gain proof positive of Iran’s nuclear program). What the MSM sees as chaos may just put US in a position where it all has to come together at once, or not at all. And only one of the negotiators has the biggest market in the world and lowest barriers in the world to bargain from. Only one has President Trump as its negotiator. Making Canada sweat like that is just one example of how all the others feel. Canada is part of Five Eyes, and possibly party to the deep state actions against Trump. Canada was the original home of Uranium One, before it moved to Russia. I continue to think that IG Report needs to come out NOW, because cornered rats are at their most dangerous and desperate.

    Liked by 13 people

    • President Trump’s message to sanctioned countries:

      Who wants a Bilateral Deal while you have the leverage of being FIRST.

      Then again, your exporters no doubt love you more than they value the American Market.

      You snooze, you lose.

      Liked by 1 person

  11. stringplayer55 says:

    NAFTA was always for the big money interests – and never for Main Street. We shipped manufacturing jobs out of the U.S. and effectively shut down most blue collar jobs.

    It is true that there were a lot of union jobs that resulted in wages so high that U.S. manufactured goods could not be exported (except for purchase by the extremely wealthy). Moreover, foreign goods shipped into this country could often be sold at lower prices than domestic goods.

    A reset of U.S. wage rates was necessary. But killing almost all manufacturing, making the U.S. dependent on foreign nations and pretending that an intellectual services economy could sustain itself, was always and forever an act for Wall Street against Main Street – and an act of intellectual fraud.

    Liked by 18 people

  12. Caius Lowell says:

    Remember when Perot said there would be a “giant sucking sound” with NAFTA and all the parasitic and sophisticated swamp dwellers laughed at him? Of course he was 100% correct…

    Liked by 22 people

  13. neal s says:

    I hope for their sakes, that Canada, Mexico, China and others will learn sooner rather than later, that VSGPDJT does not fool around! If he promises something, you can count on it. Mexico and Canada need to learn that unless they close the loophole, there is no way that NAFTA will be allowed to continue in any form other than as a distant memory.

    I also hope that PDJT will figure out a way to revoke the ‘Most Favored Trade Partner’ status of China. Giving China that un-earned status has been a lie for far too long. China needs the US while the US doesn’t really need China. The sooner China figures this out, the better for them.

    Liked by 10 people

  14. mopar2016 says:

    Canada and Mexico seem more interested in serving China than working with America.
    Time to end NAFTA.

    Liked by 20 people

  15. Curt says:

    Stand by for the lame stream media to crucify Trump for his attempt to close this NAFTA loophole.
    Like many people, I have direct and indirect investments in the equities markets. I am ready to take the hit if this issue can be resolved favorably ie; The back door tariff issue eliminated and resolved.

    Liked by 4 people

  16. L4grasshopper says:

    Would not one way to get Mexico and Canada to close the big loophole be to give them bigger breaks on actual Mexican and Canadian products?

    They have greatly benefited from these loopholes, and are not going to give them up without something in return that greatly eases the pain.

    Of course, I have no real idea what could be done — maybe lower or even eliminate all tarriffs on Mexican and Canadian ag products — and vice versa — to create a single ag market in Canada, US, Mexico?

    Just trying to see a pathway to an agreement that doesn’t result in a trade war that could knock the markets down 15% or more, which would probably trigger a recession, and which would backfire big time on any GOP hopes in the midterms.

    Like

    • Dennis Leonard says:

      Well that is one way to run on top of the fence.What trade war,Canada and Mexico got produce something too have a trade war over.Now please dry your eyes and blow your nose and stop crying.

      Liked by 1 person

      • L4grasshopper says:

        Mmmmm. You sound like the type that reaches down into a clogged garbage disposal to see what the clog is, and then turn it on while your hand is in there to see if you fixed it 🙂

        Like

    • trialbytruth says:

      No resession just an adjustment. If you don’t think the big investment houses have not been hedging for this you are.mistaken.

      They will press.the sell button as soon as there is an announcement to get you to panic and sell. They will buy back at 10 -12 percent dip when price comes. Lose to start they will sell again. Rinse and repeat 3 or 4 times. Keep in mind they sell imediately you have to wait awhile for your order to process.

      Want to make money follow the bosses advice above

      When the market over-reacts to the death of NAFTA, look for US companies with little to no foreign revenue, and foreign companies with little to no US revenue. They’ll recover fastest, and be better positioned to expand their top lines.

      Liked by 5 people

    • wheatietoo says:

      We’ve already been in a trade war.
      A trade war that our previous leaders didn’t even try to fight!

      A drop in the stock market of 15% wouldn’t “trigger a recession”.
      It would have to drop around 45% to do that.

      Any drop in the stock market would be short-lived, because investors will be looking to reinvest in US stocks that are benefiting from a NAFTA-Exit.

      Also, as Europe continues to spiral downward…foreign capitol will be looking for a safe haven.
      That haven will be in US stocks.

      And as the Interest Rate goes up, lenders will be more inclined to make loans.
      This will encourage Start Ups and existing businesses will expand.
      Which means…more Jobs!

      Do not be dismayed by the false rhetoric of the Anti-Trumpers, who will be shrieking that the “sky is falling”.
      That is merely the globalist-owned lackeys, trying to turn public opinion against what our President is doing for us.

      Liked by 4 people

      • As repatriated cash, investors and savers flood to America’s safe haven, why would interest rates not be LOWER?

        Why wouldn’t eroding EU currency value and potential trade-spat losses redouble the effect?

        Liked by 2 people

        • wheatietoo says:

          Interest Rates have been rock bottom, though…which is a disincentive for lending.

          I think rates will continue to be Low, because there will be competition…as you point out.

          But it would be healthier for our economy and create more Jobs, if interest rates went up a bit more.
          Lenders would be more eager to make loans if they are making more off of the money.

          My first home mortgage was at 9%.
          I am not suggesting that rates need to go that high.

          Like

          • We may soon see a surge in local lenders, with their exemption from Dodd-Frank.

            Seems like the big lenders have grown rich fleecing businesses and economies, but that gig is starting to dry up.

            Liked by 3 people

          • CirclinTheDrain says:

            Subprime auto lending and re subprime has already started to feel the pinch – a few points higher and subprime will be a bloodbath. As will student loans. And the bulk of the re market will slow down as well.

            We can all say these people dug their graves, but there are a lot of people in those types of loans.Raising interest rates has its drawbacks, not just benefits.

            Like

            • belle819 says:

              Don’t forget low interest rates was a huge theft on seniors and low income people – Seniors got hit because they weren’t earning interest on their money, my folks paid off their mortgage on the interest they earned on their savings, low income folks were hit because no matter how much money they put in the bank, it never earned any money, so they got ahead.

              Like

      • piper567 says:

        wheatie, like the Pundit who sold out bc the Market was going to crash if Trump won!
        We have MUCH better common sense advisors right here on CTH!

        Liked by 1 person

    • filia.aurea says:

      That’s how the E.U. began, now look at it.

      Liked by 1 person

  17. Wengair says:

    The difficulty in the growing pains of America First” is that a lot of we, patriots, work for larger companies with short-sighted leadership that cry about having to adjust their belts so the rest of us can be a little more well-fed.

    It really is amazing to see that not only does our President have the passion and desire for every American but also the God-given talents to foresee what is required to improve life for each of us along with the courage to step out and perform at VSG level.

    What a MAGAnificent time to be an American!

    Liked by 11 people

  18. RH says:

    Our President needs to end the two cancer growing on America everyday (1) NAFTA (2) CHINA.

    Eliminating these two dangerous cancer was among many of the reason why Trump was elected.

    Liked by 5 people

  19. Dances with Wolverines says:

    Mexican, Canadian and European allies, who are the democrats, Never Trumpers CoC and biased media outlets, will be waiting with baited breath to jump on and criticize the first signs of expected market set backs that we have been told to expect. Their fake cries will be nauseating and deafening.

    Like

  20. wheatietoo says:

    “Remember, “IF” the U.S. team leaves NAFTA, the generally accepted hit to the U.S. stock market will be around 10% to 15%. This is due to Wall Street multinational corporations being the largest benefactors of the current status.”
    ~ Sundance
    ______

    The stock market has been up around 25% since Pres Trump was elected.
    So even if the market takes a 15% dive…it will still be Up from what it was on election day.

    It will be a short-lived dive, I think, because investors will be looking to re-invest in stocks that they think will go up under a new NAFTA-free economy.

    Main Street stocks will probably soar.
    Winning!

    Liked by 10 people

    • FofBW says:

      Thanks for the big picture perspective Wheatie!

      Having lived through several big market swings, it is good to be retired with fixed annuities.

      Liked by 4 people

    • Steve in Lewes says:

      …and 2 paragraphs down, SD writes : “However, in the past year more companies have shifted capital in preparation for the possibility of NAFTA being fundamentally restructured. So the ramifications are less now than they were mid-year 2017. In 2018 this overall NAFTA exit possibility is more ‘factored-in’ to the overall market valuation than it was in 2017.”
      I would also think the losses over the last week+ are part of that as well; today -391.+.

      Liked by 4 people

  21. Convert says:

    I hope he soon calls a press conference wherein he and his team explain to the American people exactly what they are doing and why in simple English BEFORE the Dem media and Talking heads fan out across the media to scream the sky is falling! People will be willing to wait it out, hopefully, and not panic sell when the market drops.

    Liked by 2 people

    • Daniel Mark Camac says:

      Convert, I agree although only those who voted for VSGPDJT (those with a working brain) and others still on the fence (Duh?) would understand what he’s saying. Saying that, I still think it’s an excellent idea and I figure he already has something in mind. Seeing the latest RNC ad on MS-13 gives me a sliver of hope that they also might put out something positive on this issue……ahh pphffftttt, my pipe dream just went out and reality is back in control.

      Like

  22. fleporeblog says:

    As Canada, Mexico, the EU, China etc. go crazy about what our President is doing, the Economic Train decided to rain on their pity party today!

    The #1 driver for real GDP is Consumer Confidence.

    From the article linked above:

    The Conference Board said the Consumer Confidence Index rose in May to 128.0 (1985=100), up from a modest decline to a revised 125.6 in April. The Present Situation Index rose from 157.5 to a 17-year high at 161.7, while the Expectations Index rose from 104.3 last month to 105.6 this month.

    “Consumer confidence increased in May after a modest decline in April,” said Lynn Franco, Director of Economic Indicators at The Conference Board. “Consumers’ assessment of current conditions increased to a 17-year high (March 2001, 167.5), suggesting that the level of economic growth in Q2 is likely to have improved from Q1.”

    The percentage claiming business conditions are “good” rose from 34.8% to 38.4%, while those claiming business conditions are “bad” fell marginally from 12.3% to 12.0%.

    Tomorrow, the 1st Quarter real GDP will be revised for the 2nd time. You can find the release at the link below. The release occurs at 8:30 am.

    The final revision occurs on June 28th. I really believe the pundits are going to be shocked by the time the 1st Quarter is finalized on the 28th of June. There have been releases of specific data points (found at the link below) that occurred after the initial release of the 1st Quarter real GDP on April 27th (2.3%) that indicate we will see a major adjustment upward. It is not out of the realm of possibilities to see the 1st Quarter real GDP reach 3.0%.

    That would be amazing given the fact that over the last 9 years, the average for the 1st Quarter real GDP has been 1.2%.

    https://bea.gov/newsreleases/glance.htm

    From the link above:

    *Personal income increased $47.8 billion (0.3 percent) in March according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $39.8 billion (0.3 percent) and personal consumption expenditures (PCE) increased $61.7 billion (0.4 percent).

    *The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $49.0 billion in March, down $8.8 billion from $57.7 billion in
    February, revised.

    Liked by 7 people

  23. Linda says:

    LOVE our PDJT!!!!

    Liked by 3 people

  24. Justice Warrior says:

    Dump NAFTA and all those thieves! Make America Great Again!

    Liked by 3 people

  25. ristvan says:

    The steel and aluminum nat sec 232 tariff response was always IMO a backdoor way to kill NAFTA absent a major change on the part of Mexico and Canada. Trump gave Canada and Mexico an extra 30 days to figure it out and they balked. Now we know the proximate date. June 1 we act, shortly later Trudeau reacts against US as just promised this afternoon by his trade rep. Following day Trump responds by formally killing NAFTA and blames it on Trudeau, plus swamper globalist lame duck Ryan’s made up ‘fact’ not now enough time left for this Congress to act on a new deal. That plays very positively to Deplorables on Main Stree for the midterms. Excellent chess gambit. Bet some of this comes out in tonights Nashville rally.
    Meanwhile, 25% tariff on $50 billion worth of China tech goods announced today (the IPR theft response) with the Wilburine arriving in Beijing June 2 for next round of two day China trade talks—with NoKo meeting looming less than two weeks later while Iran is already on general strike. Finely meshed foreign policy gears. Heat is up and pressure is on. A thing of beauty to behold.

    Liked by 6 people

  26. jmarshs says:

    The real fatal flaw with NAFTA is the fact that we cannot sanction Mexico for deliberately allowing the value of the Peso to drop against the dollar. No provision was placed in the agreement to allow us to do so.

    In 1994 a Peso could buy around 35 cents of US products. Now, 24 years later a Peso can only buy around 5 cents of US goods – thus a trade imbalance. That’s a 700% f’ing drop! While, the Canadian dollar has actually strengthened against the dollar over that same period of time.

    The Oligarchs who own Mexico – and are invested in the government mandated “joint ventures” with foreign manufacturers – are perfectly fine with keeping Mexican workers poor just so long as foreign companies continue to set up shop in Mexico. Mexico’s GDP has gone thru the roof over the last 24 years and yet the poverty rate has not budged an inch – hovering still at just over 50%. Their wages have actually fallen over that same time period too.

    This is the real tragedy of NAFTA. Mexico (like China) will never allow wages to reach parity with the US or Canada (or dang near any other Central or South American country for that matter).

    It’s basically a form of slave labor that is taking place south of the border – and all at the bidding of transnational corporations.

    Liked by 4 people

  27. westernwhere says:

    Gee, sixteen years they’ve been talking about helping Main Street and they just couldn’t figure out how to do it.

    The failure of Central Planning in the USA. By the Ivy League, for the Ivy League. Everyone else be damned.

    Liked by 1 person

  28. Andy says:

    If Canada and Mexico want a deal where by cheating on the spirit of the original NAFTA agreement through exploiting a loophole means they make money and we get fucked, then sorry…NO FUCKING DEAL!! The playing field is now being leveled…no more special interest deals for rich friends of politicians who run the big multinational corporations. Trump is the little guy’s best friend and he also knows that small business has historically created 70% of new jobs in America and is the backbone of our economy. MAGA baby!!

    Liked by 2 people

  29. Johnny Bravo says:

    In my modest business career, income flowing freely into your coffers is the greatest of feelings. Expenditure, exceeding income, on the other hand is the worst feeling!

    The U.S. is simply balancing the books. The boot is being well and truly put on the other foot, and the current beneficiaries don’t like it, O.N.E – B.I.T

    Liked by 5 people

  30. Lie Detector says:

    The Mexican government is saying openly to the Mexican media that Trump is an ignorant fool. “He would destroy the US economy if he gets out of NAFTA” Adding that Mexico should use all Mexican consulates in the US as satellite offices of its Justice Department to overload the US courts in order to gain time until Trump is kicked out of office. IMO, the so-called Russian collusion is nothing compared with Mexico colluding with the left to help Hillary. I’m demanding an investigation.

    Liked by 4 people

    • G. Combs says:

      If you are demanding an investigation them include La Raza, “chicano studies” MEChA groups on high school and college campuses., La Raza, receives federal funds 30 million in CA alone!

      The La Raza goal is based on getting back the territory that Mexico lost & the US paid for after the Mexican-American War. Therefore it should be considered a Terrorist organization since it openly advocates the violent overthrow of US rule of law and occupation of United States territory with the ultimate intent of sedition.

      “Chicano is our identity; it defines who we are as people. It rejects the notion that we…should assimilate into the Anglo-American melting pot…Aztlan was the legendary homeland of the Aztecas … It became synonymous with the vast territories of the Southwest, brutally stolen from a Mexican people marginalized and betrayed by the hostile custodians of the Manifest Destiny.” (Statement on University of Oregon MEChA Website, Jan. 3, 2006)
      We are a bronze people with a bronze culture. Before the world, before all of North America, before all our brothers in the bronze continent, we are a nation, we are a union of free pueblos, we are Aztlan. For La Raza todo. Fuera de La Raza nada.”

      That closing two-sentence motto is chilling to everyone who values equal rights for all. It says: “For The Race everything. Outside The Race, nothing.”
      http://humanevents.com/2006/04/07/emexclusive-emthe-truth-about-la-raza/

      We truly live in a bizzaro world wher the politicians and 1/3 of the population hate us, hate the USA and hate freedom…. WEIRD.

      Liked by 3 people

  31. Paco Loco says:

    The Canadian dollar and the Mexican peso are really hurting. Loony = .76 to 1 USD, Peso is 19.8 to 1 USD. The US dollar is King.

    Liked by 3 people

  32. Lurker2 says:

    Check out Chrystia Freeland’s background: https://en.wikipedia.org/wiki/Chrystia_Freeland

    BA in Russian history and literature
    MS in Slavonic studies

    She became a journalist, then in 2013 got into politics. In 2015 lil Justin appointed her the Minister of International Trade.

    She seems ill-equipped for that post. No trade experience. No economics or finance degree. Never ran a business. Lighthizer has lots of trade experience.

    Liked by 7 people

  33. MSO says:

    Sounds so familiar hearing Canada exclaim: “That’s not who we are!”

    Like

  34. Fools Gold says:

    Looks like our Canadian and Mexican friends are banking on R midterm losses and MSM news breakers doomsday panic stories to come.

    Liked by 1 person

  35. Pam says:

    Liked by 2 people

  36. scott467 says:

    It’s pretty simple.

    It’s like the hotel we used to stay in when we went on vacation when I was a kid. The room had an adjoining door to the hotel rooms on either side. My grandma stayed in the room to one side of ours. My aunt and uncle stayed in the room on the other side of ours.

    During the day, the two inside doors were open so we could move freely from one to the other, while the doors to the outside were closed.

    That’s how NAFTA is supposed to work.

    Canadia and Mexico are like the adjoining rooms on either side of ours.

    Except they are opening their outer doors to all kinds of criminals and people who very much want to take advantage of us, collecting a cover charge, and then ushering them directly through their room into our room.

    Thanks Mexico and Canadia.

    Liked by 1 person

  37. Everett Miller says:

    the facts of this situation expose the certain treachery practiced by McConnell and Ryan and their globalist Rigged-Trade GOPe acolytes, Traitor Scum all.

    Liked by 1 person

  38. Laura Wesselmann says:

    Even though I’m approaching retirement, and am relying on a strong stock-market, I still say jam Wall-Street real good. Hate all those big-money bastards.

    Like

  39. Pyrthroes says:

    “Stick your fingers aloft, and give three ringing cheers / (For our country’s own) Boy from Killarne.”

    Like

  40. Sunshine says:

    Sparkle-girl Freeland settled the EU trade agreement through tears. Yes, she actually cried when they refused to abide by her terms. It worked, they submitted and signed. Now, she’s crying again but this time, in bed.

    Just a few months ago, we had this from Clueless Justin:
    ”President Donald Trump’s threat to tear up the North American free trade pact would cause economic suffering in the United States in a decision that would also be terrible politics, Prime Minister Justin Trudeau told students in Chicago Wednesday.

    ”Millions of American workers would be harmed, and their lives disrupted in the short-term through a thickening of the border and greater uncertainty, even if Canada and the United States can finalize a deal down the road, he said.”

    http://www.cbc.ca/news/politics/trudeau-nafta-trump-chicago-students-1.4525615

    Like

  41. pristach says:

    We can end the Canada trade dispute simply: just send a truckload of mozzarella over the Peace Bridge. Canada will surrender.

    Like

  42. ATheoK says:

    ” This is due to Wall Street multinational corporations being the largest benefactors of the current status.

    If Wall Street multinationals lose the NAFTA loophole benefit, they will initially make less profit until they reposition their investment assets according to the new trade structure”

    With over a year’s warning that the fatal NAFTA flaw was going to be corrected, any corporation/business that has not prepared for such eventuality deserves to lose capitalization, market share and customers.

    Canada’s and Mexico’s approaching the negotiating table with an expectation of some weird middleground falsehood claim of zero-sum agreement is classic mediator thinking.
    No matter how one side is being hurt, agreements require America to accept trade pain; without ever detailing exactly what that pain means.

    In other words, Mexico and Canada want the same exact fatal NAFTA flaw, and maybe a little extra for their efforts, to keep operating forever.
    Stuff that!

    Liked by 1 person

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