Free trade with corrupt third world dumps was a scam by our elites for them to profit of cheap outsourced labour at the expense of the working middle class. The only free trade pacts you should pursue are with developped countries with whom you have strong alliances with.
This is my main gripe with Trump. He's way to soft on this topic and this bullshit USMCA deal is just NAFTA 2.0. The trade deficit of the US with Mexico exploded under Trump from $68 billion a year to over $105 billion a year. And while there was a dip in the trade deficit with China, it's back again to where it was.
There should be no trade deals with countries like China or Mexico unless the trade deal guarantees a $0 trade deficit for both countries.
It astounds me they continue to be bent over and their prosperity picked, when they are the most powerful economy in the world.
I might get flag for this here, but I personally think that Trump is just a retard. He sometimes hits the nail on the head (like with NAFTA) but then he surrounds himself with neocons to do the work. As if Mnuchin (current secretary of finance and former Goldman Sachs banker) and Ross (secretary of trade and Rothschild banker) have anything other in their mind than to make Wallstreet even more money. But Trump is too much of a narcissist and you only have to be nice to him and he will be on your side. Now we have NAFTA 2.0 which is a bad as the prior trade deal. And if you don't believe me then look up how many car factories closed down in the US and Canada since 2016 and then do the same for Mexico.
I apply the same criteria as Trump. He was the one complaining about the trade deficit with Mexico. He said that Mexico will pay for the wall through the new deal by lowering the trade deficit. None of that happened. The opposite happened. Trade deficit increased by almost $40 billion in 4 years. More than under any other president. And then you have car manufacturers closing 6 factories in the US and Canada while keeping every single factory in Mexico. And not only that. They raised the salary of Mexican workers so that they don't have to move the factories to the US.
“ It was quite a “whoops” moment, considering all the ruined American communities and displaced millions of workers we’ve seen in the interim“
Are you fucking kidding me?
I have little advanced knowledge of economics and even I could have told you since the age of 4 or 5 that outsourcing your manufacturing (aside from natural resources) your only source of wealth generation would ruin your country.
Who can afford to purchase things if they don’t have a good middle class job?
Our spineless politicians since Mulroney sold us out on this and there is no stop in sight.
Free trade with corrupt third world dumps was a scam by our elites for them to profit of cheap outsourced labour at the expense of the working middle class. The only free trade pacts you should pursue are with developped countries with whom you have strong alliances with.
Exactly. They want a global class of serfs who have no culture to consume.
This is my main gripe with Trump. He's way to soft on this topic and this bullshit USMCA deal is just NAFTA 2.0. The trade deficit of the US with Mexico exploded under Trump from $68 billion a year to over $105 billion a year. And while there was a dip in the trade deficit with China, it's back again to where it was.
There should be no trade deals with countries like China or Mexico unless the trade deal guarantees a $0 trade deficit for both countries.
I might get flag for this here, but I personally think that Trump is just a retard. He sometimes hits the nail on the head (like with NAFTA) but then he surrounds himself with neocons to do the work. As if Mnuchin (current secretary of finance and former Goldman Sachs banker) and Ross (secretary of trade and Rothschild banker) have anything other in their mind than to make Wallstreet even more money. But Trump is too much of a narcissist and you only have to be nice to him and he will be on your side. Now we have NAFTA 2.0 which is a bad as the prior trade deal. And if you don't believe me then look up how many car factories closed down in the US and Canada since 2016 and then do the same for Mexico.
I apply the same criteria as Trump. He was the one complaining about the trade deficit with Mexico. He said that Mexico will pay for the wall through the new deal by lowering the trade deficit. None of that happened. The opposite happened. Trade deficit increased by almost $40 billion in 4 years. More than under any other president. And then you have car manufacturers closing 6 factories in the US and Canada while keeping every single factory in Mexico. And not only that. They raised the salary of Mexican workers so that they don't have to move the factories to the US.
https://www.ft.com/content/7edbf172-9dab-4957-b8f0-2467e9d261ae
So, by what metric do you measure this trade deal?
“ It was quite a “whoops” moment, considering all the ruined American communities and displaced millions of workers we’ve seen in the interim“
Are you fucking kidding me?
I have little advanced knowledge of economics and even I could have told you since the age of 4 or 5 that outsourcing your manufacturing (aside from natural resources) your only source of wealth generation would ruin your country.
Who can afford to purchase things if they don’t have a good middle class job?
Our spineless politicians since Mulroney sold us out on this and there is no stop in sight.