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Thread: Facts that DEMOCRATS are unlikely to applaud

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    Default Facts that DEMOCRATS are unlikely to applaud

    President Trump got his wish for a significantly revised North American trade deal. After more than a year of intense negotiations, the United States, Canada and Mexico reached an agreement to update the North American Free Trade Agreement, the 1994 pact that governs more than $1.2 trillion worth of trade among the three nations.

    Most of the key provisions don’t start until 2020 because leaders from the three countries have to sign it and then Congress and the legislatures in Canada and Mexico have to approve it, a process that is expected to take months.

    Here’s a rundown:

    • New name. Goodbye NAFTA. The new deal will be known as the United States-Mexico-Canada Agreement, or USMCA.
    • The goal of the new deal is to have more cars and truck parts made in North America. Starting in 2020, to qualify for zero tariffs, a car or truck must have 75 percent of its components manufactured in Canada, Mexico or the United States, a substantial boost from the current 62.5 percent requirement.
    • There’s also a new rule that a significant percentage of the work done on the car must be completed by workers earning at least $16 an hour, or about three times what the typical Mexican autoworker makes. Starting in 2020, cars and trucks should have at least 30 percent of the work on the vehicle done by workers earning $16 an hour. That gradually moves up to 40 percent for cars by 2023.
    • Canada is giving greater market share to U.S. dairy farmers. U.S. negotiators got a major victory by forcing Canada to eliminate the pricing scheme for what are known as Class 7 dairy products. That means U.S. dairy farmers can probably send a lot more milk protein concentrate, skim milk powder and infant formula to Canada (and those products are relatively easy to transport and store).
    • Trump’s steel tariffs stay in place.
    • The USMCA makes a number of significant upgrades to environmental and labor regulations, especially regarding Mexico. For example, the USMCA stipulates that Mexican trucks that cross the border into the United States must meet higher safety regulations and that Mexican workers must have more ability to organize and form unions. The Trump administration is committed to ensuring these happen — a reason U.S. labor unions are cheering the new rules.
    • Increased intellectual property protections. The new IP chapter is 63 pages and contains more-stringent protections for patents and trademarks, including for biotech, financial services and even domain names. Many business leaders and legal experts believed these updates were necessary given that the original agreement was negotiated 25 years ago.
    • U.S. drug companies will now be able to sell pharmaceuticals in Canada for 10 years before facing generic competition. That’s up from eight years of market protection now.
    • The USMCA stipulates that the three nations will review the agreement after six years. If all parties agree, then the deal will continue for the full 16 year period (with the ability to renew after that for another 16 years).
    • Chapter 11 is eliminated entirely for Canada and mostly for Mexico, except for some key industries such as energy and telecommunications. Chapter 11 gave companies and investors a special process to resolve disputes with one of the governments in NAFTA. The idea was that if investors put a lot of money into a project and then the government changed the rules, there was a clear dispute process — outside the court system — where investors could get their problem resolved. Critics argue that Chapter 11 was mainly used as a way for big corporations to get taxpayer money, but businesses say it was necessary to ensure they weren’t harmed by sudden changes when new governments came into power in Mexico, Canada or the United States. In the end, Chapter 11 is mostly gone, except for a few key industries, such as oil, that lobbied hard to be able to challenge the Mexican government if it changes the rules and tries to nationalize its energy sector again.




    https://www.washingtonpost.com/business/2018/10/01/us-canada-mexico-just-reached-sweeping-new-nafta-deal-heres-whats-it/?noredirect=on&utm_term=.346b66432241

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    The deal is iffy. It is just mostly unchanged and Trump desperately needed something. https://www.washingtonpost.com/busin...=.14ae06ecaeb1 So American dairy can sell more class 7 milk products. Whoopie. Unions are easier to form in mexico. Harder in America though. American auto buyers can expect higher prices. Got that going for us.

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    It will more than pay for the wall.

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    Quote Originally Posted by Nerdberg View Post
    The deal is iffy.
    So you say.

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    Quote Originally Posted by Dark Soul View Post
    It will more than pay for the wall.
    Nope.

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    Quote Originally Posted by Nordberg View Post
    Nope.
    Yup.

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    Quote Originally Posted by Dark Soul View Post
    Yup.
    Do you imagine that the pact hs some kind of bank where all this fabulous money that Trump is bargaining for goes? Trump just paid another 6 billion to farmers whop suffered due to his brilliant tariffs. Does that come from that bank? You rightys don't spend a second thinking shit through.

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    Guno צְבִי (12-17-2018)

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    Quote Originally Posted by Nordberg View Post
    The deal is iffy. It is just mostly unchanged and Trump desperately needed something. https://www.washingtonpost.com/busin...=.14ae06ecaeb1 So American dairy can sell more class 7 milk products. Whoopie. Unions are easier to form in mexico. Harder in America though. American auto buyers can expect higher prices. Got that going for us.
    Exactly, nothing but the original with a few modifications, and most of those revisions were part of the TPP negotiations that would have included Mexico, Canada, the US and a number of other advancing economies.

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    Guno צְבִי (12-17-2018)

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    Quote Originally Posted by Dark Soul View Post
    It will more than pay for the wall.
    How? Explain to us how modifications to the existing NAFTA will pay for a Wall.

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    Guno צְבִי (12-17-2018)

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    Quote Originally Posted by archives View Post
    How? Explain to us how modifications to the existing NAFTA will pay for a Wall.
    And why is the orange turd threatening to shut down the government unless congress comes up with the money

    Trump sure does love the poorly educated and he counts on their stupidity
    “If we have to have a choice between being dead and pitied, and being alive with a bad image, we’d rather be alive and have the bad image.”

    — Golda Meir

    Zionism is the movement for the self-determination and statehood for the Jewish people in their ancestral homeland, the land of Israel.







    ברוך השם

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    Quote Originally Posted by Nordberg View Post
    Do you imagine that the pact hs some kind of bank where all this fabulous money that Trump is bargaining for goes? Trump just paid another 6 billion to farmers whop suffered due to his brilliant tariffs. Does that come from that bank? You rightys don't spend a second thinking shit through.
    Hilarious, you blaming Trump for the latest boondoggle farm bill.

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    Quote Originally Posted by archives View Post
    How? Explain to us how modifications to the existing NAFTA will pay for a Wall.
    US - Mexico annual trade: $557 billion with a $71 billion deficit (source). Currently Trump is axing Congress for $5 billion, which is 7% of the deficit. Cutting the deficit will pay for the wall.

    Why is this so difficult for liberals to understand?

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    Keep Trying ...
    ONE-N-DONE, YOU GOT PLAYED; Time To Play-On
    Remember ... ELECTIONS HAVE CONSEQUENCES ... So STFU Bitch

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    Scores of complaints accusing U.S. Supreme Court Justice Brett Kavanaugh of improperly conducting himself during his contentious Senate confirmation process have been thrown out by a panel of eight federal judges.






    https://www.reuters.com/article/us-usa-court-kavanaugh/u-s-judicial-council-tosses-misconduct-claims-against-kavanaugh-idUSKBN1OH2HD

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    Quote Originally Posted by Dark Soul View Post
    US - Mexico annual trade: $557 billion with a $71 billion deficit (source). Currently Trump is axing Congress for $5 billion, which is 7% of the deficit. Cutting the deficit will pay for the wall.

    Why is this so difficult for liberals to understand?
    Nancy say's you guys ain't getting a wall! When are you tards going to start listening to Nancy?

    You go Nancy!

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