Not Tired of Winning Yet CXXVIII
From the White House press release. Another campaign promise fulfilled. I recite only certain of the talking points here. The words below are theirs’.
President Donald J. Trump is replacing the outdated North American Free Trade Agreement (NAFTA) with the United States-Mexico-Canada Agreement (USMCA).
- Today, President Trump is signing his historic USMCA deal, making good on his promise to deliver fairer and more reciprocal trade for the American people.
- USMCA has the potential to create nearly 600,000 jobs and generate up to $235 billion in economic activity.
- Under the agreement, Canada has agreed to expand market access for American dairy, egg, and poultry producers.
- The agreement is expected to grow annual dairy exports by nearly $315 million.
- American wheat growers will have access to a more level playing field.
- Thanks to this deal, Canada will finally give fair treatment to American-grown wheat.
- USMCA includes innovative provisions to incentivize new investments in the American auto industry and support high-paying jobs for American auto workers.
- New wage and rules of origin requirements included in the agreement will put American autoworkers on a level playing field with workers from other countries.
- USMCA is expected to create up to 76,000 new auto jobs, spur $34 billion in new investment in the auto industry, and add $23 billion in auto parts purchases annually.
- USMCA contains new protections for American intellectual property, ensuring strong, effective protection for American innovators and creators.
- Included in USMCA is a first-of-its-kind chapter on digital trade, which the decades-old NAFTA was never updated to address.
- The digital trade provisions included in this agreement will foster economic growth and innovation for years to come.
- USMCA includes first-of-its-kind provisions to prohibit unfair currency practices and reinforce exchange rate stability.
About John C Wright
John C. Wright is a practicing philosopher, a retired attorney, newspaperman, and newspaper editor, and a published author of science fiction. Once a Houyhnhnm, he was expelled from the august ranks of purely rational beings when he fell in love; but retains an honorary title.
July 3, 2020 @ 1:11 pm
