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Trump to begin renegotiating NAFTA pact soon with Mexico, Canada


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(Worthy News) - U.S. President Donald Trump said on Sunday he plans talks soon with the leaders of Canada and Mexico to begin renegotiating the North American Free Trade Agreement.

"We will be starting negotiations having to do with NAFTA," Trump said at a swearing-in ceremony for his top White House advisers. "We are going to start renegotiating on NAFTA, on immigration and on security at the border."

Trump pledged during his presidential campaign that if elected he would renegotiate the NAFTA trade pact to provide more favorable terms to the United States. [ Source ]

White House Announces TPP Withdrawal, Plans For NAFTA Talks

The Trans-Pacific Partnership (TPP) is dead in the water after the administration of new United States President Donald Trump announced the country's withdrawal from the trade agreement following his inauguration on Friday.

In a formal statement issued over the weekend, the White House said the president has decided to base its foreign policy on an "America first" attitude that involves returning "millions of jobs to America's shores" by backing out of multilateral trade agreements such as the TPP. [ Source ]

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Good for Trump. This is long overdue. NAFTA and the TPP were the concoctions of big business (which owns much of the legislature) to be able to import low-labor-cost goods into the U.S. - Free trade is only fair when the countries involved have similar labor costs. Otherwise, good jobs from a higher-labor-cost country (like the U.S.) just get sucked down into the lower-labor-cost country (like Mexico). And people in the U.S. who used to make good money making quality stuff in U.S. factories are reduced to making tacos at Taco Bell. - The argument of free traders is that it keeps prices down, which is true. But it also lowers wages. So what good is cheaper prices if you have no money to spend? - Another argument of free traders is that it frees the higher-labor-cost country to move up the food chain into more advanced manufacturing. But now robots and computers do that, instead of humans, who, again, are left to make tacos. That is, until the "Taco Robot" comes along, just as there already is a "Pizza Robot". - Another argument of free traders is that it makes money for rich people which will "trickle down" into the rest of the economy through investment. But it doesn't. It just trickles down into Mexico to build more factories. - The TPP idea was even worse than NAFTA. For it would have brought even-lower-wage countries into the mix, such as in southeast Asia.

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add to that, the super highway they had started to build in Texas to go up through the middle of the country all the way to Texas so they could move the imports from the LA ports where the longshoremen make good money to a Mexican port with very small wages and even bypass much of the cost of importing things into the country.    A port was to be built in Kansas.   The entire road would not even be a part of the US for between a quarter and half a mile right of way.   We could not even have a say in what was put along the road.    Was to be a huge highway and five or six rail tracks and many pipelines.

Oh Yes, and Mexican truckers and trains run by the owners of the road.   Was to be built by Spanish  and they would run the highway.

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