Presser: Trump says he’ll be ‘formally terminating NAFTA,’ says Congress will have choice between replacement or nothing…

Too funny… this is what we would call a win/win.   President Trump delivering remarks to the media aboard Air Force One on the flight back to the U.S.

(Via Associated Press)  President Donald Trump says he will shortly be providing formal notice to Congress that he will terminate the North American Free Trade Agreement, giving lawmakers six months to approve the replacement he recently signed.

Speaking to reporters aboard Air Force One while returning to Washington from Argentina, Trump says: “I will be formally terminating NAFTA shortly.”

Seeking to gain leverage with skeptical lawmakers to approve the revised trade pact, Trump says Congress “will have a choice” as it considers the agreement he signed with the leaders of Mexico and Canada on Friday during the Group of 20 summit.

He says they can choose between the United States-Mexico-Canada Agreement or “pre-NAFTA, which works very well.”

Trump has made renegotiating NAFTA a centerpiece of his presidency.  (link)

The USMCA is structurally more beneficial to the U.S. and Mexico than Canada.

Factually, it was the U.S. and Mexico who wrote the agreement, and Canada joined in only to mitigate their losses after the majority growth architecture was constructed.  There is almost nothing inside the USMCA agreement which structurally expands the Canadian economy; it is a very weird trade-dynamic.

It was the exploitative nature of the NAFTA construct that benefited Canada and Mexico to the detriment of the United States.  As a result, President Trump is OK with the final USMCA result which removes the majority of the parasitic benefits; and he is ok with no USMCA and no NAFTA, and a return to pre-NAFTA trade structures.

Like NAFTA the USMCA is a “trade agreement”, with various opt-out initiatives for any party; it is not a trade “treaty” – and therefore only requires a simple majority vote.

President Trump and USTR Lighthizer really have created a Win/Win.

…”He says [congress] can choose between the United States-Mexico-Canada Agreement or “pre-NAFTA, which works very well.””..

Damnedest thing ever.

You could hope it passes; or hope it fails – the end result is similar.

This entry was posted in Auto Sector, Big Government, Canada, Donald Trump, Economy, energy, Legislation, media bias, Mexico, NAFTA, Professional Idiots, propaganda, Trade Deal, Uncategorized, US dept of agriculture, US Treasury, USA, USMCA. Bookmark the permalink.

225 Responses to Presser: Trump says he’ll be ‘formally terminating NAFTA,’ says Congress will have choice between replacement or nothing…

  1. Ok Treepers I need some clarity! I received this email today. Anyone know about these claims?
    Sent: Friday, November 30, 2018 11:45 PM
    To: ;
    Subject: URGENT ACTION: USMCA “A Deathblow to American Sovereignty”

    IF you value our Constitution and want to keep it our governing document, you should know that it will become overridden if we allow the United States Mexico Canada Agreement (USMCA) to be passed. It would be a deathblow to our sovereignty.

    Even though it has been signed at the meeting in Argentina, it is not the law of the land yet, not until it is passed by a simple majority of both houses of Congress and signed by President Trump.

    There may be some parts of the agreement which are favorable as far as trade is concerned, but that is just a small part of the multiple-paged document. It establishes supranational governing bodies that have ultimate authority over many aspects besides trade. It becomes a regional government and is open ended in order to include other countries, forming an even larger regional government just as was done in Europe.

    It may well be that President Trump has concentrated on the trade aspects and has trusted his team with the rest of it and is not aware of the pitfalls. In any event it is imperative that we contact President Trump and the members of Congress and educate them as to the downsides of the agreement.

    To contact the President and your members of Congress go to https://www.jbs.org/federal-legislative-action-alerts to send a prepared message. Your name or contact information will not be shared nor will you be asked for a donation – just a message verifying that your message has been sent and a thank you.

    To read the document:
    https://www.international.gc.ca/trade-commerce/trade-agreements-accords-commerciaux/agr-acc/cusma-aceum/text-texte/toc-tdm.aspx?lang=eng

    Just reading the Table of Contents is revealing.

    Attached is a list of some of the details of USMCA thanks to the Texas Freedom Committee.

    Thank you for helping to keep America free and our Constitution the law of the land.

    I’m not sure how to make a hyperlink but I will learn. Thanks for the help. Suez

    Like

    • tomidlewood says:

      Hmmmm. I’m suspicious of the email. Who is the source? I trust VSGPDJT and his team. I suspect the Uniparty or Democrats could behind such a duplicitous campaign to sow doubt and discord. I may be wrong, but such blatant tactics are typical of the false flags used by the Uniparty, the CIA and the five eyes intelligence agencies.

      Like

      • jackbeowulf says:

        There are provisions inside this USMCA treaty that had the same from TPP. so you need to read it. I’ve always maintained that the Swamp controls the strings and Trump can’t get anything done without them or deals. Also, swamp/senate have set it where sunsets and EOs are gone if a new President is elected in 2020. There by rolling back the clock to 2016 and just a speed bump. If i have time today I’ll look through it and see where the 3rd party provisions are/if any.

        Like

  2. jameswlee2014 says:

    Another fascinating inning in Trump’s game of “America Wins!”

    Like

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