Mexico and US

[transporter]

Money drives the cross-border connection. Mexican companies, their names often unknown to the American public, are behind many goods and services used by consumers every day. Successful economic incursions include prepaid cellphones like TracFone and Straight Talk, subsidiaries of Mexico’s América Móvil. Grupo Bimbo, the world’s biggest breadmaker, peddles Thomas’ English Muffins and Sara Lee baked snacks. And Selee credits steel firm DeAcero with effectively saving the U.S. nail industry by acquiring the ailing Mid Continent Nail in 2012.


Mexican foreign direct investment in the United States quadrupled to $17 billion between 2005 and 2016, outstripping investment from all the oil-rich Gulf countries and Israel put together. Since NAFTA came into force in 1994, trade among its three signatories has quadrupled; at least 30 of the 50 U.S. states now depend on Mexico as one of their two principal export markets. Production processes, especially for cars, are deeply intertwined. Though some U.S. jobs disappeared under NAFTA, Mexican investment has saved and created others.


Remittances sent home by migrant workers, totaling at least $21 billion a year in the past decade, further tighten the connection. Selee cites the example of Demetrio Juárez, a Mexican-born restaurant owner in Hazleton, Pennsylvania. Money earned by him and his father, working in New York kitchens, paid for the education of six siblings who now work in medicine, dentistry, law and accounting in Mexico. Some Silicon Valley venture capitalists, meanwhile, invest in startups south of the border in Guadalajara’s blossoming tech hub.

https://www.reuters.com/article/us-...iew-the-other-side-of-trumpismo-idUSKBN1JB2AB

This is how trade is supposed to work...it benefits both (all) countries economically and socially. Some jobs will move, but others will be created and investment will flow both ways. Money sent back to Mexico enhances the social structure in Mexico. Legal immigrants that come to US fill positions that otherwise are going unfilled (because US workers won't go back to work).

Initial trade agreements, like all initial agreements, should be updated over time as reality changes the situation.

Trump's buffoonery gets in the way. Trump believes trade is a zero sum game. He believes only one side can win. He doesn't understand that negotiations have to work for all...negotiations and trade do not exist as a further means to feed his narcissism. Therefore, the negotiations over NAFAT are failing.

So far the only thing Trump has proven he is capable of doing is breaking deals. He has yet to make one deal. He has failed miserably internationally with his crowning achievement to date being that he met with a ruthless dictator that every other President refused to meet with. He continues to fail miserably domestically...we have no ACA replacement (we don't even have an idea of an ACA replacement)...we have no infrastructure program (we don't even have an infrastructure proposal)...we have no immigration plan (Christ Trump can't even figure out his own position on immigration as he announces he is against and then for a piece of legislation in the same day)...the Congresses tax and spending program occurred in a vacuum with no Presidential leadership (because we have no Presidential leadership).

 

[SamSpade]

Initial trade agreements, like all initial agreements, should be updated over time as reality changes the situation.

Except we're NOT doing that - and should.
And that very issue was one of Trump's primary campaign issues - renegotiating bad trade deals.

And you really can't do that using the old agreement as some kind of baseline.
You start over and BEGIN with a deal leaning your way - because we're famous for taking ANY deal we can get.

 

[Hijinx]

Legal immigrants that come to US fill positions that otherwise are going unfilled (because US workers won't go back to work)

I wonder if Tranny read that. Legal immigrants

I have yet to see Trump complain about legal immigration from Mexico.

 

[Gilligan]

we don't even have an infrastructure proposal

If you left-prog freaks of nature were not so darned obtuse, we could have one.