Yeah, maybe we should move all production to Mexico to have an even stronger alliance. What an absolute braindead take.
Trump negotiated the new USMCA trade because of the trade deficit and because companies were moving production to Mexico. And the new deal made it even worse.
And btw. The trade deficit of the US with China is over $300 billion. As high as under Obama.
Why is the USMCA deal better than the NAFTA deal? US exports to Mexico are down. US imports from Mexico are up. Production is shifted from the US to Mexico. Didn't Trump say that the new deal would be fair and stop this?
If you're comparing averages than you should it compare Trump's one, which is $362 billion USD. Higher than Obama's record.
USMCA came into effect in July 2020
And yet companies are still moving to Mexico. Ford recently with Ohio. Toyota will move the Tacoma production to Mexico ... and so on. Seems like the USMCA deal has no influence on that. Why? Isn't it the best trade deal ever?
Trump brands himself as anti-globalist negotiating "fair" trade deals while he almost doubled the trade deficit with Mexico, hit record high trade deficits with China and record high overall trade deficits ($900 billion trade deficit in 2020, highest on record). Wow. Such a tough guy on trade. Signing one sham deal after another.
Yeah, maybe we should move all production to Mexico to have an even stronger alliance. What an absolute braindead take.
Trump negotiated the new USMCA trade because of the trade deficit and because companies were moving production to Mexico. And the new deal made it even worse.
And btw. The trade deficit of the US with China is over $300 billion. As high as under Obama.
As high as under Obama.
They didn't increase. Down by 10% during Trumps term.
https://www.census.gov/foreign-trade/balance/c2010.html
Why is the USMCA deal better than the NAFTA deal? US exports to Mexico are down. US imports from Mexico are up. Production is shifted from the US to Mexico. Didn't Trump say that the new deal would be fair and stop this?
If you're comparing averages than you should it compare Trump's one, which is $362 billion USD. Higher than Obama's record.
And yet companies are still moving to Mexico. Ford recently with Ohio. Toyota will move the Tacoma production to Mexico ... and so on. Seems like the USMCA deal has no influence on that. Why? Isn't it the best trade deal ever?
Trump brands himself as anti-globalist negotiating "fair" trade deals while he almost doubled the trade deficit with Mexico, hit record high trade deficits with China and record high overall trade deficits ($900 billion trade deficit in 2020, highest on record). Wow. Such a tough guy on trade. Signing one sham deal after another.