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SunSeeker

(51,497 posts)
Wed Jan 29, 2020, 04:05 PM Jan 2020

USMCA: "He didn't get much, he got to rename it," Kirkegaard said.

“USMCA is 95 percent the existing NAFTA agreement,” said Jacob Kirkegaard, a senior fellow at the Peterson Institute for International Economics. “There are provisions in there that cover things like e-commerce and digital services, but with regard to the manufacturing sector, for instance, there’s very little change.”

To the extent that Trump can claim credit for an economic lift provided by the USMCA, economists said that was more a function of the White House keeping most of the existing agreement in place after initially threatening to pull out of NAFTA entirely without a replacement in place.

“I would think of this more in terms of what would’ve happened if this agreement didn’t go back into place. That would’ve been disastrous for the economy,” said Dan North, chief economist at Euler Hermes North America.

Exiting NAFTA without replacing it would have forced the three nations to revert to WTO rules around trade, which would have upended supply chains and disrupted production throughout the continent.

https://www.nbcnews.com/business/economy/trump-signs-usmca-trade-deal-replace-nightmare-nafta-n1125526



Kinda like the arsonist wanting credit for putting out the fire he started.

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USMCA: "He didn't get much, he got to rename it," Kirkegaard said. (Original Post) SunSeeker Jan 2020 OP
Kinda like? EXACTLY right. dchill Jan 2020 #1
He's a legend in his own mind, syphilitic-like as it is. marble falls Jan 2020 #2
"Mexico is paying for the wall." moondust Jan 2020 #3
Political Munchausen syndrome by proxy. n/t Control-Z Jan 2020 #4
And for building the house in the first place lame54 Jan 2020 #5
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