New NAFTA deal 'in trouble', bruised by elections, tariff rows

[Yo_Mama_Been_Loggin]

MEXICO CITY/OTTAWA (Reuters) - More than six months after the United States, Mexico and Canada agreed a new deal to govern more than $1 trillion in regional trade, the chances of the countries ratifying the pact this year are receding.

The three countries struck the United States-Mexico-Canada agreement (USMCA) on Sept. 30, ending a year of difficult negotiations after U.S. President Donald Trump demanded the preceding trade pact be renegotiated or scrapped.

But the deal has not ended trade tensions in North America. If ratification is delayed much longer, it could become hostage to electoral politics.

The United States has its next presidential contest in 2020, and Canada holds a federal election in October.

The delay means businesses are still uncertain about the framework that will govern future investments in the region.

"The USMCA is in trouble," said Andres Rozental, a former Mexican deputy foreign minister for North America.

https://www.msn.com/en-us/news/world/new-nafta-deal-in-trouble-bruised-by-elections-tariff-rows/ar-BBVHrsO?li=BBnb7Kz

So much for the art of the deal.

[mr_lebowski]

1. The Shart of the Deal, explained ...

1) Find (a) 'partner(s)' in The Deal who's weaker/poorer or otherwise inherently subservient in some sense,
2) Tell them that The Deal is: 'This is how it's going to be, and you're going to have to comply, else I'll fuck you over',
3) Profit!

[comradebillyboy]

2. Isn't the old NAFTA still in effect? Congress has not repealed it

to the best of my knowledge. What would motivate Nancy and the House to play ball on this new pact? I can't imagine that the Trump crew made it better.

[sinkingfeeling]

3. The USMCA should never be ratified as it stands. Forcing Mexico and

Canada to make the same concessions to pharmaceutical companies that have cost Americans $billions should be enough to stop it.

[Wellstone ruled]

4. Understand work arounds are in the works

as per CBC reports.

Canada will never be a Patsy for Trump.

[Stinky The Clown]

5. The Fart of the Deal

[panader0]

6. The USMCA is NAFTA with a different name

so tRump can claim he fixed the deal.
Kind of like tRump putting the plaque on the portion of wall built during
the Obama admin.