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2) Possibly. He's already said he's considering keeping parts of the plan though.
3) This is within his limits so I could see him actually doing it.
4) I would imagine he will still do this (and on this one, I very much hope he does).
5) That's up to congress. He can ask congress to and push the Republican dominated congress to agree, but if they don't, it won't happen no matter how hard he tries.
6) He may build a wall, but there's really no way he can force Mexico to pay for it. Officially, he said they will "reimburse" the wall, but let's be realistic; the tax payers are putting up that wall and we'll never get a cent back. Technically, that stays true even if Mexico does reimburse the US government for the wall.
7) Again, taxes are up to congress. He can push them to, but he cannot force it.
With all due respect, I'm sincerely interested in hearing from you about what exactly you think repealing NAFTA will do positively for America. Right now Canada is our #1 Trading partner in the world and they buy more stuff from us than we buy from them. Mexico is our 3rd largest trading partner who also buys more stuff from us than we do from them. Currently, There are no tariffs imposed on any of the goods we sell to these countries. Why would we want to impose restrictions on their goods and services when we have the advantage of selling so much more to them tariff free right now. We limit our corporation's ability to do business with NAFTA countries, then corporations will find other avenues for import of goods. It's all about the bottom line. The difference between Walmart choosing to purchase a product in Vietnam vs. China can be as little as a penny a unit.
So maybe I'm missing something. Please enlighten me. What is the Benefit of scrapping NAFTA to America and the American people? And likewise, what is the benefit of re-configuring NAFTA, when currently we have the best possible trade deals, which is Zero tariffs, on any American exported goods to these countries?
Suddenly the Big Beautiful wall suddenly became a fence in certain areas and he still has not addressed how Mexico will be forced to cover the cost.
I don't see him doing any of those items he campaigned for, he is backing off already and he isn't even in office. He was going to repeal Obama Care his first day in office, well not anymore. His supporters won't be happy.
Too late and as I said earlier and on other posts...they will never admit that they have been swindled. No pity for them as they were forewarned and by the swindler himself. His history of con games and lies spoke for itself but they looked the other way.
- Building the wall against Mexicans: not a good idea and may not be achievable. First, it's costly and the nation of Mexico will not pay for it as Trump promised. Mexicans in US do jobs that no Americans want (janitors, picking fruits and vegetables etc.), most Mexicans are good and essential for US economy.
- Banning all muslims: not a good idea and maybe foolish to implement. Turning all muslims into terrorists is a bad idea; a war should not be waged against all muslims. Nazis tried to ban all Jews and did not succeed. US needs muslim nations for world security and mideast oil. Pissing off all muslims is a bad idea.
- Trade war with China: bad idea. China makes everything and is an engine of world economic growth. If Walmart prices start going up, average Americans can not afford a living, and there will be a hyper inflation. China also can snub US by trading with the rest of the world.
- Getting rid of affordable care insurance: bad idea. Many working Americans can not afford to sick. They need health insurance. Unless Trump has better ideas, it's a bad idea.
- Cutting taxes for the wealthy: how is that gonna work out? The wealthy pays bulk of taxes. If one cuts taxes there, there will be less government revenue -- waging war in mideast needs money, roads and bridges need money ... how is less federal revenue creating jobs. Taxes went up in Reagan years (he lied about tax cut). Bush brought a worst recession. Clinton 90s did increase taxes and the economy grew by 50%.
- fighting corruptions: Trump can do that? He can not do anything without the usual political insiders (which he considers as corrupt). He also will name his whole family crew to key federal government positions while running Trump business at the same time -- that is conflict of interests and a form of corruption.
All in all, things got Trump to the white house are deceiving to many, but they are mostly bad ideas to implement.
With all due respect, I'm sincerely interested in hearing from you about what exactly you think repealing NAFTA will do positively for America. Right now Canada is our #1 Trading partner in the world and they buy more stuff from us than we buy from them. Mexico is our 3rd largest trading partner who also buys more stuff from us than we do from them. Currently, There are no tariffs imposed on any of the goods we sell to these countries. Why would we want to impose restrictions on their goods and services when we have the advantage of selling so much more to them tariff free right now. We limit our corporation's ability to do business with NAFTA countries, then corporations will find other avenues for import of goods. It's all about the bottom line. The difference between Walmart choosing to purchase a product in Vietnam vs. China can be as little as a penny a unit.
So maybe I'm missing something. Please enlighten me. What is the Benefit of scrapping NAFTA to America and the American people? And likewise, what is the benefit of re-configuring NAFTA, when currently we have the best possible trade deals, which is Zero tariffs, on any American exported goods to these countries?
NAFTA has done many big things, and one of them is reducing and in some cases eliminating tariffs entirely between the US, Canada, and Mexico. I'm not necessarily against that but I would sacrifice it in a heartbeat if it meant the other bigs things it's done would stop.
NAFTA has cost the US some 700,000 jobs since it's passage (and this does take into account jobs created by NAFTA). It's also lead to stagnating wages and has increased the problem of illegal immigration.
To explain these things, they're all actually connected. It's been made much easier to move a factory out of the US to Mexico as a result of NAFTA. It's not objectively more profitable, but it is a powerful leveraging tool. Capitalists can basically tell their workers that if they do not accept lower wages, they'll move the plant to Mexico. Along with this, and minimal restrictions on agricultural trade with Mexico, the Mexican economy has suffered, particularly their agricultural economy. This led many now unemployed farmers to head up North, many unable to do so legally for one reason or another, so they do so illegally. The benefit of hiring an illegal immigrant is that can't unionize, which basically means they can be paid less (below minimum wage even), work longer hours, and have fewer/no benefits as their is no legal need for them to do so, which can also be used for force American laborers to accept lower wages.
Basically, NAFTA is anti-worker. It's slightly pro-consumer, if you consider the ability to buy foreign made things for cheap while you're local economy gains nothing to be a pro-consumer stance; I do not, so I view it as anti-consumer as well. It is however profitable, as NAFTA also has only contributed to wealth inequality rather than do anything to reverse it.
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