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USMCA to add $68.2B to US economy, spur 176k jobs says key independent review panel

A new trade agreement between the U.S., Mexico and Canada would add $68.2 billion to the U.S. economy and create 176,000 new jobs, according to a study from the International Trade Commission released on Thursday.

https://www.foxbusiness.com/industrials/...qsdvV1l1_o

"... 0.35 percent growth to GDP and 0.12 percent increase in employment in the first six years after implementation..."

If that's the net result, why even bother?

(04-19-2019, 04:16 PM)The Real Marty Wrote: [ -> ]"... 0.35 percent growth to GDP and 0.12 percent increase in employment in the first six years after implementation..."

If that's the net result, why even bother?

U have 68 billion lying around?  Chump change right?  

BALLIN!!!!!!!!!----

(04-19-2019, 09:08 PM)jj82284 Wrote: [ -> ]

(04-19-2019, 04:16 PM)The Real Marty Wrote: [ -> ]"... 0.35 percent growth to GDP and 0.12 percent increase in employment in the first six years after implementation..."

If that's the net result, why even bother?

U have 68 billion lying around?  Chump change right?  

BALLIN!!!!!!!!!----

Pretty paltry when compared to the size of the US economy.   I suppose if Trump can manage 10 or 12 deals like this, it may represent some forward motion, but .35%, that is point 35 percent, one third of a percent, over a span of 6 years, is like throwing a bucket of water into the ocean.  And this is the new deal to replace Nafta?  Canada and Mexico are our largest trading partners, and this is the best the self described "greatest deal maker in the world" can do?  What am I missing here?

(04-19-2019, 09:08 PM)jj82284 Wrote: [ -> ]

(04-19-2019, 04:16 PM)The Real Marty Wrote: [ -> ]"... 0.35 percent growth to GDP and 0.12 percent increase in employment in the first six years after implementation..."

If that's the net result, why even bother?

U have 68 billion lying around?  Chump change right?  

BALLIN!!!!!!!!!----

The amount of money an individual has versus the amount of money a government has is one hell of a false equivalency, but hey, anything to argue in favor of the orange emperor, am I right?

(04-20-2019, 02:21 PM)The Real Marty Wrote: [ -> ]

(04-19-2019, 09:08 PM)jj82284 Wrote: [ -> ]U have 68 billion lying around?  Chump change right?  

BALLIN!!!!!!!!!----

Pretty paltry when compared to the size of the US economy.   I suppose if Trump can manage 10 or 12 deals like this, it may represent some forward motion, but .35%, that is point 35 percent, one third of a percent, over a span of 6 years, is like throwing a bucket of water into the ocean.  And this is the new deal to replace Nafta?  Canada and Mexico are our largest trading partners, and this is the best the self described "greatest deal maker in the world" can do?  What am I missing here?

0.35% over six years is a lot more than a bucket of water in the ocean. Had you received a 3.35% raise instead of a 3% raise, that's a big deal.

Besides that, what you are missing is the lack of fairness to US citizens in the previous deal. It's more than just money involved. It's a message that the US will not be the world's doormat.

From the report, this will increase trade between our country and Mexico between 4 to 6%. That's pretty healthy. It's not dealing with the scope of the entire economy but that's true of any bilateral or regional trade agreement.

If this was being touted as the only means of economic growth then it would make sense to poo poo it in comparison to the economy as a whole but as a part of a comprehensive step to increase both our global competitiveness and reciprocal trade in the region it's a win win win for all three countries and helps arrest a general slide into a more asymmetrical trading relationship with our continental neighbors since we entered nafta.

(04-24-2019, 03:54 AM)jj82284 Wrote: [ -> ]From the report, this will increase trade between our country and Mexico between 4 to 6%.  That's pretty healthy.  It's not dealing with the scope of the entire economy but that's true of any bilateral or regional trade agreement.  

If this was being touted as the only means of economic growth then it would make sense to poo poo it in comparison to the economy as a whole but as a part of a comprehensive step to increase both our global competitiveness and reciprocal trade in the region it's a win win win for all three countries and helps arrest a general slide into a more asymmetrical trading relationship with our continental neighbors since we entered nafta.

Mexico still owes us a check. We should cease all trade with them until it's received and clears. MAGA!!!!!!!!

(04-24-2019, 11:23 AM)TJBender Wrote: [ -> ]

(04-24-2019, 03:54 AM)jj82284 Wrote: [ -> ]From the report, this will increase trade between our country and Mexico between 4 to 6%.  That's pretty healthy.  It's not dealing with the scope of the entire economy but that's true of any bilateral or regional trade agreement.  

If this was being touted as the only means of economic growth then it would make sense to poo poo it in comparison to the economy as a whole but as a part of a comprehensive step to increase both our global competitiveness and reciprocal trade in the region it's a win win win for all three countries and helps arrest a general slide into a more asymmetrical trading relationship with our continental neighbors since we entered nafta.

Mexico still owes us a check. We should cease all trade with them until it's received and clears. MAGA!!!!!!!!

68 billion means roughly 17 billion in added revenue.  That's should cover it.