Stupefying

[transporter]

Yesterday our inept President tweets this:

Deal with Mexico is coming along nicely. Autoworkers and farmers must be taken care of or there will be no deal. New President of Mexico has been an absolute gentleman. Canada must wait. Their Tariffs and Trade Barriers are far too high. Will tax cars if we can’t make a deal!

https://twitter.com/realDonaldTrump/status/1028056640422068225

He says talks with Mexico are going well...

Here is this morning's reporting:

U.S.-Mexico NAFTA talks drag on as autos sticking points emerge

WASHINGTON (Reuters) - Talks between the United States and Mexico over the future of the North American Free Trade Agreement were set to drag into next week, as auto industry officials said on Friday that new sticking points had emerged over President Donald Trump’s threat to impose steep automotive tariffs.

Here is the best part of the story...the part that highlights the inability of this man to make any actual deal:

Auto industry officials familiar with the talks said the Trump administration wants the ability to impose national security tariffs on future Mexican production from new auto assembly and parts plants.

These officials said U.S negotiators had essentially agreed that a new NAFTA trade deal would exempt existing Mexican auto plants from any “Section 232” tariffs that Trump may impose.
But the U.S. negotiators do not want to apply the same guarantees to new Mexican auto plants, the officials said, as the potential threat of 25 percent tariffs would discourage new automotive investment in Mexico to serve the U.S. market.

So an agreement was reached...and our incompetent President throttles it...same old story...same old pattern.

 

[limblips]

If there was an agreement reached it would happen. Obviously not all the points were ironed out, hence negotiations continue. That's how it works. You are welcome.