Donald Trump Signs USMCA

Congratulations on tweaking and rebranding NAFTA. Now, Trump will own USMCA and the consequences in the 2020 elections. Maybe it will be different this time from the U.S.-South Korea free trade agreement that he renegotiated in 2018?

New York Times:

“WASHINGTON — President Trump signed the revised North American Free Trade Agreement into law on Wednesday, fulfilling a campaign promise to rewrite “one of the worst trade deals” in history.“

Today we are finally ending the NAFTA nightmare,” Mr. Trump said during a White House signing ceremony, calling the new trade deal a “colossal victory” for farmers, factory workers, and other countries.

Much of the new United States-Mexico-Canada Agreement simply updates the 25-year-old NAFTA, with new laws on intellectual property protection, the internet, investment, state-owned enterprises and currency.

But the 2,082-page pact also includes significant changes in several key areas, including provisions designed to incentivize car production in North America and open Canadian markets for American dairy farmers. …

Nafta required automakers to produce 62.5 percent of a vehicle’s content in North America to qualify for zero tariffs. The new agreement raises that threshold, over time, to 75 percent. That’s meant to force automakers to source fewer parts for an “Assembled in Mexico” car from Germany, Japan, South Korea or China.  “

This is a recurring pattern with Donald Trump.

He will identify a political grievance and loudly complain about it to create the impression that he is going to do something about it. Then he will either forget about the issue entirely (taxes, infrastructure, social media censorship) or make some minor change (trade, immigration, foreign policy) and declare victory and the status quo more or less continues. He gets away with this because his followers are too dumb, trusting and partisan to look at the details.

In 2016, he made a huge deal about how all of his political rivals were controlled by the donors and he was independent of their influence because he was self financing his campaign. Then after winning the presidency, he cut all the donors in during the transition when no one was paying attention. He made a huge deal about how “the hedge fund guys” were making a killing thanks to the carried interest loophole during the campaign. Then he signed the tax bill that included the huge corporate tax cut which conveniently dropped the pledge to eliminate the loophole. He declared that NAFTA was the worst trade deal in history. Then he signed a slightly modified version of it. He pulled troops out of Syria only to redeploy them to Iraq and the Gulf. He complained about our relationship with Russia only to pile sanctions on Russia, arm Ukraine, expand NATO and withdraw from the INF Treaty. He promised a big, beautiful wall only to end up refurbishing sections of George W. Bush’s fence while expanding guest worker programs.

Every negative trend that he complained about in the 2016 campaign – political correctness, trade deficits, legal and illegal immigration, our relationship with Russia, being sucked into endless wars in the Middle East, health care costs, decaying infrastructure, opioid overdoses and suicides – is worse while the people who were disaffected because of those issues are now satisfied and convinced that they are winning solely because Trump is the president. The military and the wealthy are more bloated thanks to tax cuts and government spending. Israel has been on an unprecedented winning streak. Homosexuality has been normalized on the Right. Meanwhile, social media censorship, Antifa violence, government persecution of dissidents, the corruption of the courts and FBI are all many times worse than in 2016.

Note: If Bernie Sanders wins the Democratic nomination, I am sure he will be monitoring our various trade deficits and making an issue of it.

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  1. The always -Trump crowd is happy because their orangutan-in-chief is “triggering the snowflakes”. Nothing else matters to them, because they have their government pensions and live in predominately white neighborhoods.

  2. Don’t worry, this new and improved free trade deal will continue to screw over white working and middle-class Americans. If it didn’t it wouldn’t have been passed and Trump wouldn’t have signed it.

  3. When fellow academics with Doctorates tell me at lunch, that they believe Trump is maintaining his campaign processes, I fell like I am in some alternate reality sitcom. Except it’s real. Misericordie, Domine.

  4. If the USMCA wasn’t a good deal, the AFL-CIO, and the big industrial unions like the UAW, the USW and the Teamsters would be screaming bloody murder!

  5. The Orange Conman is constantly stating how he is keeping his promises, but of course he isn’t. It’s a psychological trick: say over and over that you’re doing what you promised and soon people will believe that you are actually doing what you promised even though you’re not.

  6. Disappointed HW didn’t share what our king @blompf2020 had to say about this HISTORIC WINNING!

    USMCALBT+ trade deal has BTFO’d the globalists!

      • I thought you were @blompf2020 but was told that you aren’t and you don’t need to confirm or deny anything to me. Even though you’re not @blompf2020 but his style of humor is similar to yours and I love both of ya.

        But I was just bantzing, and this passage of a encrusted nafta 2.0 is rich target for ridicule mockery.

        I don’t understand amnats who think trumps failures are all the blame of Republican establishment and the democrats but also think trumps USMCA is a good bill???

        If all of trumps failures are the fault of DC, then how do they think DC would pass this MONUMENTAL GAME CHANGING trade deal at the weakest point of trumps presidency???

  7. If this “deal” was that damn easy to get done by Orange Man, then it sucks out a hog’s ass.

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