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Thread: TrumpTrade: no changes from status quo

  1. #1
    The Overman's Avatar
    Join Date: 04.11.12
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    Default TrumpTrade: no changes from status quo

    WASHINGTON—The Trump administration is signaling to Congress it would seek mostly modest changes to the North American Free Trade Agreement in negotiations with Mexico and Canada, a deal President Donald Trump called “a disaster” during the campaign.

    According to an administration draft proposal being circulated in Congress by the U.S. trade representative’s office, the U.S. would keep some of Nafta’s most controversial provisions, including an arbitration panel that lets investors in the three nations circumvent local courts to resolve civil claims. Critics of these panels said they impinge on national sovereignty.

    The draft, reviewed by The Wall Street Journal, talks of seeking “to improve procedures to resolve disputes,” rather than eliminating the panels.

    The U.S. also wouldn’t use the Nafta negotiations to deal with disputes over foreign-currency policies or to hit numerical targets for bilateral trade deficits, as some trade hawks have been urging.


    Mexico’s government had no immediate response to the draft proposal. Private-sector economists largely welcomed it as far less drastic than proposals to undo the trade accord or impose quotas that restrict trade. But they cautioned that it was still early in the process.

    “The proposal looks to be very in line with existing U.S. trade laws,” said Luis de la Calle, an economist who was on the original negotiating team for the Mexican government.

    Mr. de la Calle said “snap-back” tariffs to safeguard industries already exists in Nafta. He cited a 1996 move by the U.S. to put tariffs on brooms from Mexico, a move that was scrapped later that year after Mexico put retaliatory tariffs on some U.S. products like Tennessee whiskey and North Carolina wood furniture.

    The difference, said Mr. de la Calle, is that under the proposed changes, Mexico wouldn’t be able to take the case to international court, but would have to litigate in the U.S.

    He added, however, that since Nafta is a reciprocal treaty, U.S. firms would have to litigate in Mexico courts if Mexico imposed safeguards.

    Jeffrey Schott, a trade scholar at the Peterson Institute for International Economics, a free-trade think tank, said that the measures reimposing tariffs—called a “snapback” in trade lingo—was also sought by the Clinton administration 24 years ago. It became a side deal to Nafta, but didn’t have much effect, he said.
    Trump is starting to look very much like a... gasp, shock, horror, Establishment Politician.
    To revenge the misdeeds of the ruling class, there existed in the middle ages, in Germany, a secret tribunal, called the “Vehmgericht.” If a red cross was seen marked on a house, people knew that its owner was doomed by the “Vehm.”

    All the houses of Europe are now marked with the mysterious red cross.

  2. #2
    Queen of Hearts crazybitch's Avatar
    Join Date: 08.07.12
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    Oh well. Give it time; I'm sure some progress can be made. I mean Congress just sold out humanity to advertisers. Now broadband companies can sell personal data. Isn't that beyond intrusive? It's beyond unconstitutional. The Donald is complaining about being wiretapped as they install more surveillance drones at the border. Citizens United means that now that the one who wins the election will be the one with the most money basically making the U.S. a dictatorship. They can receive unlimited foreign donations as they run for President. This stuff about Russia is a distraction from the fact the Democrats sort of sold out in this by silencing third parties and criticism. Two candidates got all the prime-time. And then the central intelligence agencies handed over all the data to the white house and now we're in the midst of so much drama. I have no doubt the "President" is burnt out already by the endless attacks from media pundits. It feels like republicans are bullying democrats for dissent against things like stripping away healthcare and slashing the entire government including half the state department. I'm sort of at the point where I'm feeling like maybe it's time to impeach the President because it's gotten worse, not better. The intelligence spies sold out their own people it's a backstabbing jungle.

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