Posted on 04/24/2018 4:43:29 AM PDT by reaganaut1
Mexico and the European Union agreed to a new trade deal over the weekend, and the timing is no accident. With the French and German leaders in Washington this week, and the Nafta talks getting serious, America’s trading partners are showing that the world won’t stop if the U.S. goes protectionist.
The EU-Mexico deal is the sort of trade opening that is increasingly common beyond America’s shores. The two sides have agreed in principle to remove protections on a long list of agricultural goods, and to expand two-way trade in services such as travel and telecommunications. The pact also will open government procurement to foreign competition, particularly at the state and local levels in Mexico. The two sides traded goods and services worth $76 billion last year.
Which shows what the U.S. is missing as the world goes by. The baseline for a modern trade deal goes well beyond the reduction in tariffs on manufactured goods that used to be the standard aim. Now a useful trade deal includes agricultural liberalization, and a chapter reducing regulatory barriers to trade and at least a few services. All of these negotiating planks play to America’s commercial strengths.
Recent deals include the EU-Canada agreement known as CETA, Europe’s trade deal with Japan, and a multilateral Pacific agreement that was reborn after President Trump withdrew the U.S. from Trans-Pacific Partnership talks. The U.S. is part of none of these deals, and the President has also made no effort to revive negotiations toward a U.S. deal with the EU.
This is an important week for trade, with French President Emmanuel Macron and German Chancellor Angela Merkel hoping to persuade Mr. Trump to extend Europe’s exemption from U.S. steel tariffs beyond May 1.
(Excerpt) Read more at wsj.com ...
Good for them. Maybe they can also show the world that they can take care of their own defense needs without relying on the USA? ...probably not.
Great. France and Germany can further hurt their economies with cheap imports from Mexico. And it helps our southern neighbor.
Meantime, the US is still working to stop the hemorrhaging of jobs and industries, and reversing it to MAGA!
And we don’t really care if Europe does something stupid to try to get the US to do something to.
Mom used to ask us if our friends jumped off a bridge, would we jump too? You knew the answer better be No.
IIRC, bilateral trade agreements are exactly what Trump prefers instead of regional and inter-regional ones.
Mexico doesn’t need us? Oh no. I guess we can send them all back then.
Maybe the Wall Street Journal should be renamed the Rue des Barres Journal
They deserve each other
Let’s see the free trade provisions for influx of Mexicos poorest into Europe
Germany and France will trade with Iran, but not with us...
With allies like this, who needs enemies?
Or NATO.
The Murdoch newsletter is pathetic .
Let Europe have all the blood suckers from that third world hell too .
The evil agenda of the Globalists never rests .
WSJ still on their globalist crapola.
Reciprical Trade or fuggetaboutit.
Also, China and other countries used “country of origen” loopholes to kill us. They launder their products through Canada and Mexico via NAFTA to screw us, with Mehico and Canada getting their cut without actually producing. BS to that!!!
MAGA!
The US is a huge market. Other countries are investing in and trading with Mexico so they can have their products enter the US as Mexican made. If you delve into the EU/Mexico trade, how much of it is between those two as opposed to EU goods having one last button sewn or screw added so they can become Mexican made for entry into the US? This is one of the things Trump wanted to undo in the NAFTA accord.
France’s unemployment rate as of Dec was 9.2%. They need a trade deal with Mexico like a hole in the head.
Germany’s in better shape with an unemmployment rate of 3.2%. The pain from the trade deal won’t be as obvious there. They can lose a few industries before they notice.
Tainted romaine lettuce? Salmonella outbreak due to onions?
Welcome to (Mexican) farm-to-table roulette!
Is this comedy? THE REST OF THE WORLD IS PROTECTIONIST! Do I have to post the tariff rate schedule of the entire world, again? This will show the average tariff the USA charges is less than 2% and the rest of the world 8% or more.
Stay the course Mr. President. And damn the torpedoes - they are temporary anyway provided we do not waiver in MAGA.
This Mexico cr@p looks like a squeeze play to me...
The US market is the world’s biggest and most lucrative. We have all the leverage.
This article is nothing more than propaganda.
It puts the thought into people’s heads that America is irrelevant, and simply one country among many, which is not true.
It is articles like this that prepare the next generation of Americans for mediocrity.
I think we should fight that mentality, and punish the Elites who push it.
What a waste of time, the EU won’t be around in 10 years ...
They'll trade with Iran because the Iran deal allows them to. If the U.S. drops out of that then the Iranian market is closed to the U.S. and Europe and Asia will pick up the deals.
Germany and France will always trade with the U.S. because there is a market here for their goods. But the European market for U.S. goods will be impacted by the lack of trade agreements.
Or NATO.
Then drop out.
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