Old Nafta News Today

The end of this calendar year, or so we thought. give us a status report on both. >> the usmca, the old nafta, it looks like thats going to head to a vote in the house this week there were last-minute worries from the mexican government about what is this enforcement? they want to send five americans to audit our factories in mexico to make sure were living up to our end of the agreement? they did not like that. the u.s. managed to smooth over those feathers over the last day or two. the big dea...

He doesnt hate workers. >> no. brian: typical workers are -- as point wall republicans are antiunion. trump can a drives some republicans mad but still. >> 10:00 eastern yesterday one hour after declaring the articles of impeachment. speaker pelosi tried to take credit for usmca. said it was a rotten deal until we came along and readjusted it. thats nonsense, quite frankly. the whole idea of getting rid of the old nafta was president trumps idea. he ran on it in 2016. and a new deal, the usmca, ...

Different from the old nafta. hasnt followed through on the wall very much. theres a lot of talk there. i think, therefore, youll see more of that. lot of talk, not a lot of action. im trying to be honest, not partisan here i call them as i see them. i dont think he will get what hes talking about. >> ambassador baucus, thanks for taking the time. >> you bet. time is running out to reach a spending deal at home. five days will remain. will lawmakers agree to a delay, temporary spending bill or...

Top of it. i have to believe there is some give and take on those major issues beneath the sur nas. surface.i dont know whether toe optimistic or not but you are right. >> are they on their meals a little bit? >> yes, they are. their economy is really suffering. she jinpinxi has a deal with th. you get growth in return we the communists keep power in beijing. if thats interrupted and it could well be with a trade war with america, xi is in trouble. >> now president trump says that hes going to t...

Youve got six months democrats in congress, youve got six month to agree to the new u.s. mca which benefits america significantly. if theres no agreement of six months, the old nafta is gone, and youre back to no mans land which will be negative for everybodys economy. so lots of pressure on the democrats tbet this thing done. >> and then how would you respond to say, you know, democrat chuck schumer who voted nay on nafta 1993, continued to say it was terrible and doesnt like this new proposed ...

They what do are they going to reaffirm him the power to continue for. toward the end of his administration or is this going to be a check on his power write the checks and balances that everybody is reading for him in terms of foreign policy what type of impact do you think the outcome of this mid-term election will have if any well i mean to be honest with you president trump will still be able to wield quite a significant amount of authority when it comes to foreign policy but of course if th...

Most of the provisions in there, and put it in this new nafta, which isnt very different from the old nafta. great, we got it, thats good. its just u.s., mexico and china. we could have had u.s. mexico and canada, plus japan and a whole bunch of other pacific rim nations to pressure china. we dont have that now. we dont have nafta collapsing. we didnt accomplish a great deal. the dairy increase that you were just talking about is pretty minuscule. and the opportunity costs of all of the uncertai...

Okay, john, this is basically a deal for freer trade which is not something president trump or peter navarro talked about on the campaign trail but something americans and the market like today. do you take this deal as a positive? >> yes. i think its positive as compared to the alternative which is to have the old nafta fall apart. it is mostly -- >> what about the old nafta stay intact? >> yes. it has improvements for the digital economy most of which had been negotiated by president obama and...

Usmca for u.s., mexico and canada and it will replace the prior nafta deal. they are set to sign the accord by november just before the mexican president is due to exit office. the deal will offer improved access for u.s. farmers to canadas dairy market, also tighter rules around origin of auto production and also some ground breaking provisions around intellectual property and digital trade. really modernizing the old nafta agreement. weve seen a rally in u.s. futures and also a nice balance in...

Manufacture these cars at far lower prices than in the united states. so it isnt -- you think the manufacturers will return from mexico when they dont have to be $16 an hour? they will stay in mexico. >> laura: you have intellectual property protections, pam bondi, you have digital protections, this was a hard bargain that was driven by bob lighthizer, jared kushner, the whole team at the usgr, the foreign minister, we finally got trudeau and the gang in canada on board, the idea that this is no...