• Farid
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    394 months ago

    Was it that time when Trump signed the agreement in the wrong place, Trudeau realized this, and as to not embarrass Trump, stealthily put away the wrong copy, which is why he’s not holding one in the photo?

  • 1024_Kibibytes
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    184 months ago

    Is the date on this wrong? Peña Nieto was president of Mexico until December 2018, but in 2019 Lopez Obrador was president.

    • OptionalOP
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      4 months ago

      Possibly a mixup in the photoshopping? this is the article about the deal that I found (doesn’t mention the Mexican president, though) but it does say this:

      Exiting NAFTA without replacing it would have forced the three nations to revert to WTO rules around trade, which would have upended supply chains and disrupted production throughout the continent.

      “We have to view it as a bullet dodged, because the alternative would have been Trump pulling out of the whole thing, which would have been far worse,” Kirkegaard said. “He was threatening to overturn over the table.”

      . . . According to the nonpartisan Tax Foundation, the China tariffs already imposed shaved roughly a quarter of a percentage point off GDP growth, reduced wages and cost nearly 200,000 jobs. The threatened tariffs that were avoided when the China trade deal was struck would have doubled the hit to GDP.

      “The key achievement of the USMCA was to keep the North-American trade system intact much as it was under NAFTA and ending a very destructive period of uncertainty,” said Peter Petri, a professor of international finance at the Brandeis International Business School.

      Exciting times afoot!!

      • 1024_Kibibytes
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        34 months ago

        Thank you! You’re definitely right about the exciting times. Boring & predictable times are easier to deal with.

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    44 months ago

    Thank you! That helps clear up when the photo was taken and it makes sense that there would be a revision when all parties has to actually enforce the agreement.