Incoming Mexico Gov’t Insists on Trilateral NAFTA Deal

[errolanderson]

Big boost for Canada tonight . . . incoming Mexico gov’t will not sign U.S. trade trade deal without Canada.
New Mexico gov’t insists on trilateral deal deal . . . .

[the big wheel]

So 2 scenaraios

1 we really are stupid because we are rushing to sign now over the weekend. Man we sure should have rushed to sign before the first deadline hey???? Hahahah

2 this was about as well played as could be. We are allowing trump to save face and sign the deal before it is evident that without Mexico trump the deal maker is only as usual playing with himself. Which is the proper thing to do considering if the republicans retain the votes in November we could end up in an even more looney tunes situation with the idiot than it is now.

It will be interesting to see the details.

[jazz]

Why do we have to rush to the mexicans again. Thats embarrassing. Instead of standing like a man and dealing with trump, our negotiators slink around and try to go around his back with congress, stupid conferences and now to the mexicans again who threw us under the bus once already. Weak and dishonest.

[beaverdam]

Because Turdeau is "giving" on Dairy, nothing will be public till Oct 2, after the quebec election.

[beaverdam]

https://www.cbc.ca/news/politics/trudeau-obrador-phone-call-1.4843611

quotes from the article.

President-elect Andres Manuel Lopez Obrador said Prime Minister Justin Trudeau asked him during a Thursday phone call "to intervene and call on the U.S. government to reach an agreement" with Canada on the renegotiation of NAFTA.

ajl, this is also from the cbc article,

But Lopez Obrador, who takes office on Dec. 1, said the NAFTA language between Washington and Mexico City was now final.
"We are not going to re-open the negotiation. That you can be sure of," Lopez Obrador told reporters in Mexico City.

That is from the new socialist Presidantee, just elected.

[ajl]

The CBC report wasn't quite accurate. Obrador was reported as saying that the text of the agreement was final and he has no interest in further negotiation. He would like Canada in but the agreement would not be modified. Actually it is in Mexico's best interest not to have Canada in. The US doesn't care either way. They can tariff cars from both Canada and Mexico. I don't get how some can think that supplying nations rather than the customer calls the shots here. The US is the final destination for all the worlds exports so it might as well have a tariff.

[fjlip]

The CBC report wasn't quite accurate. Obrador was reported as saying that the text of the agreement was final and he has no interest in further negotiation. He would like Canada in but the agreement would not be modified. Actually it is in Mexico's best interest not to have Canada in. The US doesn't care either way. They can tariff cars from both Canada and Mexico. I don't get how some can think that supplying nations rather than the customer calls the shots here. The US is the final destination for all the worlds exports so it might as well have a tariff.

You are correct, the USA (consumer) is always right. We hear the same on this forum. Tough suppliers, we must bow to consumer demand right or wrong. And supply is not a problem from else where.

[the big wheel]

The CBC report wasn't quite accurate. Obrador was reported as saying that the text of the agreement was final and he has no interest in further negotiation. He would like Canada in but the agreement would not be modified. Actually it is in Mexico's best interest not to have Canada in. The US doesn't care either way. They can tariff cars from both Canada and Mexico. I don't get how some can think that supplying nations rather than the customer calls the shots here. The US is the final destination for all the worlds exports so it might as well have a tariff.

Yes much of deal that Mexico has agreed to with USA is what was agreed to with Canada long before squirrel had a tantrum and said only deal with Mexico. So no not much on that part of the deal to be renegotiated.

[grassfarmer]

......The US is the final destination for all the worlds exports.......

Pinocchio quote of the day, lol.

[ajl]

Pinocchio quote of the day, lol.

Which part of my statement would be inaccurate? I will grant that there is a tiny bit of trade in the world that does not involve the US but that is inconsequential.

[grassfarmer]

Which part of my statement would be inaccurate? I will grant that there is a tiny bit of trade in the world that does not involve the US but that is inconsequential.

All of it. It's rather like saying "all the women in the world live in the US".

[chuckChuck]

Which part of my statement would be inaccurate? I will grant that there is a tiny bit of trade in the world that does not involve the US but that is inconsequential.

Read this link from the WTO on trade profiles which shows the US has 13.37% of worlds imports. That's a big share for one country but calling the the rest of the worlds 86% inconsequential is a laugh.

http://stat.wto.org/CountryProfile/WSDBCountryPFView.aspx?Country=US

[chuckChuck]

China is ranked # 2 in world imports with about a 10% share. Not far behind the US
http://stat.wto.org/CountryProfile/WSDBCountryPFView.aspx?Country=CN

[errolanderson]

China is ranked # 2 in world imports with about a 10% share. Not far behind the US
http://stat.wto.org/CountryProfile/WSDBCountryPFView.aspx?Country=CN

World economy is far bigger than the U.S. . . . Trump being laughed at the UN should be a concern for the U.S. But American media has a totally different spin that Trump is beyond approach when it comes to trade.

[GDR]

It would be interesting if the US isolated themselves regarding trade. I think if they keep raising tariffs and barriers the rest of the world will trade more with each other and think the necessity to trade with the US will disappear. As mentioned our biggest advantage with them is location but if it's too expensive to buy widgets next door we gotta make them ourselves or buy them elsewhere. Exports the same, there are other customers in the world and if they are having trouble dealing with the US we should be taking those sales. I get quite frustrated when everything we buy is based on US dollars, lots of non US merchandise is warehoused in the US. Maybe we could deal directly with the source and bypass extra costs going through the US.

Even the auto business, instead of making 50% of the car and then shipping it to the states, maybe we should make 100% and not have to rely on so much US market. I know they are much larger auto market but think we can adjust.

I really think this could backfire on Trump bad if the rest of the world works together and we should.