President Donald Trump and President Moon Jae-in participate in a signing ceremony for the United States-Korea Free Trade Agreement (KORUS) at the United Nations in New York. Anticipated start time 3:45pm – 4:00pm EST
UPDATE: Video Added
Chairman of the Council of Economic Advisers, Kevin Hassett, appears on Fox News to discuss the overall economy and key performance indicators related to ongoing economic policy. Within the interview (02:32) Chairman Hassett notes the unusual intransigence of Canada to join the U.S-Mexico trade deal.
There are numerous indicators that Canada has made the decision to exploit a “no deal” trade position for maximum domestic political benefit. However, despite Canada’s intransigence the U.S. and Mexico are positioned to finalize the agreement bilaterally.
“I’m a little surprised that the Canadians haven’t signed up yet. I worry that politics in Canada is trumping common sense because there’s a very good deal that was designed by Mexico and the U.S. to appeal to Canada. And they’re not signing up and it’s got everybody over here a little bit puzzled.”
Supporting the U.S. and President Trump today; and underlining how strong the U.S-Mexico trade agreement is; Mexico even went so far as to tell Canada today to be ready for a CAN-MEX bilateral if they don’t join.MEXICO CITY (Reuters) – Mexico’s incoming government will pursue a bilateral deal with Canada if talks to overhaul the North American Free Trade Agreement falter, Mexican president-elect Andres Manuel Lopez Obrador said on Friday.
The U.S-Canada negotiations ended today without any progress. President Trump delivers a video message about trade:
Foreign Minister Chrystia from Canada is in Washington DC today meeting with U.S. Trade Representative Robert Lighthizer. There are conflicting reports as to the possibility of a trade deal being reached. Canada is heavily relying on internal pressure from the U.S. Chamber of Commerce lobbying group to sway/leverage the negotiation in their favor.
From the Canadian negotiation position every syllable and syntax is viewed through the prism of politics. From comments amid all the Canadian participants and interests, they view President Trump as the only adversarial U.S. entity in the bilateral discussion. As a consequence of this outlook, all Canadian leverage efforts are targeted toward political opposition of President Trump; with assistance from a U.S. congress that has been purchased by Wall Street lobbyists to align with Canada against U.S. interests.
Peel all the layers away and ultimately this is the political position from which Canada is negotiating. All-in-All, the most likely outcome is NO DEAL.
In order for Canada to accept or join, via a NAFTA 2202 modification, they would need to agree to the U.S-Mexico modification terms. For Canada they would have to:
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Earlier today President Trump traveled to North Carolina for a briefing by local, state and federal officials who are responding to the recovery efforts in North Carolina following Hurricane Florence. Following the briefing, President Trump toured some of the impacted regions and thanked those who are assisting in ongoing recovery efforts.
A few days ago, September 13th, House Intelligence Committee Chairman Devin Nunes was given the Keeper of the Flame Award in Washington DC. Within his acceptance speech Chairman Nunes discusses the significance of this time in U.S. history.
In the days and months following Watergate, the HPSCI was given specific rules within their legislative branch oversight, which actually became the most significant tools -utilized for the first time- to uncover intelligence abuses by the former administration. Additionally, Chairman Nunes expands on the “next steps.”
White House National Trade Council Director Peter Navarro appears on Lou Dobbs show to discuss the Trump administration’s round-two 10 percent tariffs on $200 billion of Chinese goods. The percentage jumps to 25% on January 1st, 2019.
Earlier today President Trump hosted a meeting with the key administration officials executing the workforce initiatives programs. The programs include expanded vocational training, private-public partnerships for education, and expanded investment in skills training for a modern American workforce.
The National Council for the American Worker is the executive agency tasked with execution of the policies and working with various state and local officials to help increase the skills training for U.S. workers. With a MAGAnomic expanding economy; and with all of the subsequent jobs growth; and with a revitalization of U.S. manufacturing; the workforce initiatives are keys to sustaining successful growth for American workers.
A year ago it seemed almost impossible to see a trade agreement with Mexico that would facilitate the interests of both countries. However, with the successful election of Mexican President Andrés Manuel López Obrador (AMLO), a remarkable populist shift dramatically changed the landscape within the Mexican economic outlook and policy.
President Trump’s tweet today hints toward a much bigger picture we have recently been discussing. Against the likelihood Canada will not join the U.S-Mexico trade agreement. The Mexican government is affirming their intent to go forward with a bilateral trade deal if needed because the U.S-Mexico joint agreement is in their best interests. According to Mexico’s Chief Negotiator, Kenneth Smith-Ramos:
“We hope the U.S. and Canada will conclude their bilateral negotiation shortly. If that is not possible we are ready to advance bilaterally with the U.S … the agreement in principle that we closed with the U.S. is positive for Mexico because it preserves free trade and modernizes our trade agreement …”
Outgoing Mexican President Peña Nieto, structured his economic policy around accepting multinational corporate investment, facilitating the requests of Wall Street investment banks, and the predictable parasitic outcomes that follow. Exfiltration of wealth and exploitation of resources/labor are an outcropping of predatory multinational trade exploitation, ie. “globalism”.
Retention of the multinational schemes generally leads to massive corruption. In the U.S. this corruption is known as “lobbying”, in Mexico the process is called ‘bribery’; however, the activity is the same.
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According to a CBC article citing a “Senior Canadian Official”, the Trudeau government is completely “comfortable” missing an October 1st deadline to join the U.S-Mexico trade alliance:
…”The source who spoke to CBC News on background, due to the sensitivity of the talks, said the external political pressure “is not a good enough reason,” for Canada to be forced into a fast finish.”… (more)
This statement follows a series of actions by Canadian Foreign Minister Chrystia Freeland and Justin Trudeau which highlights their intent to resist any trade agreement while counting on domestic politics to deliver electoral forgiveness. Indeed for all intents and purposes it would appear Justin and Chrystia are willing to damage their economy for political benefit.
Meanwhile the Mexican government is affirming their intent to go forward with a bilateral trade deal if needed because the U.S-Mexico joint agreement is in their best interests. According to Mexico’s Chief Negotiator, Kenneth Smith-Ramos:
“We hope the U.S. and Canada will conclude their bilateral negotiation shortly. If that is not possible we are ready to advance bilaterally with the U.S … the agreement in principle that we closed with the U.S. is positive for Mexico because it preserves free trade and modernizes our trade agreement …”
A year ago it seemed almost impossible to see an agreement with Mexico that would facilitate the interests of both countries. However, with the successful election of Mexican President Lopez-Obrador, a remarkable populist shift dramatically changed the landscape within the Mexican economic outlook and policy.
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