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(Nikkei Asia Review)   An anagram of 'US-Mexico-Canada free trade agreement' is 'Maniac Coaxed Us, Regret Defeat Near Me'. Japan realizes that it's cheaper to triple Mexican wages than build new US plants   (asia.nikkei.com) divider line
    More: Murica, North American Free Trade Agreement, U.S. President Donald Trump, Free trade, NEW YORK, Toyota Motor, International trade, U.S. research agency Center, Automotive industry  
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2835 clicks; posted to Business » and Politics » on 05 Jul 2020 at 10:35 PM (4 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2020-07-05 5:09:20 PM  
Well, nice to see the brilliant negotiator has brought $16 an hour jobs to Mexico. Good for them.

Meanwhile on the home front the center said U.S. car sales will drop by up to 1.3 million units annually due to the Trump administration's trade policy -- including sanctions on China. It estimates that 70,000 to 360,000 jobs will be lost, leading to a $6 billion to $30.4 billion reduction in gross domestic product.
 
2020-07-05 5:14:24 PM  

Ken S.: Well, nice to see the brilliant negotiator has brought $16 an hour jobs to Mexico. Good for them.

Meanwhile on the home front the center said U.S. car sales will drop by up to 1.3 million units annually due to the Trump administration's trade policy -- including sanctions on China. It estimates that 70,000 to 360,000 jobs will be lost, leading to a $6 billion to $30.4 billion reduction in gross domestic product.


The irony is that will help decrease immigration while US job losses skyrocket..
 
2020-07-05 7:15:11 PM  
I'm stunned that Trump farked this up.
 
2020-07-05 7:18:27 PM  
It's amazing how he manages to shoot himself in the foot so well, since his head spends so much time up his ass.
 
2020-07-05 7:26:48 PM  
*Things The USA Should Have Been Doing For The Past Half Century*

Reinvesting economic profits into society and constantly reshaping it so it had the most future-proof economy, in perpetuity.

/instead it put individualism ahead of everything and let the few incorrectly decide what was best for the collective many
//and now its in a pickle of its own making because it actually believed it was cooler than the other nations
///history will remember this pickle incident and it'll be worse than the one you're thinking of right now
 
2020-07-05 7:30:44 PM  
Fark user imageView Full Size
 
2020-07-05 7:57:30 PM  
I'm getting tired of all this winning
 
2020-07-05 8:59:03 PM  
$16 auto plant workers? Where are they going to find these miraculous creatures? 1960 A.D.?

But really, I am glad to see Mexicans getting triple pay at last, because they have been worth many times what they were paid for their long, hard, days and nights of cheap labour in high risk, high skill, highly trained jobs for which Americans and Canadians are paid several times as much after decades of wage and benefits cuts.
 
2020-07-05 9:00:59 PM  

iron de havilland: It's amazing how he manages to shoot himself in the foot so well, since his head spends so much time up his ass.


It's has if falling down the elevator shaft onto those bullets has nothing to do with his weight at all, but is entirely due to gravity at the surface of the Earth, operating the same on a feather or a gold plated brick made of tungsten.
 
2020-07-05 9:01:21 PM  

anuran: I'm getting tired of all this winning


He said you would, you know.
 
2020-07-05 9:27:57 PM  
Ditty must have submitted this.
 
2020-07-05 9:47:25 PM  

brantgoose: long, hard


Fark user imageView Full Size
 
2020-07-05 10:28:37 PM  
An anagram of TREASON is SENATOR.  Pick your favorite!
 
2020-07-05 10:36:58 PM  
I feel like I'm Snidely Whiplash.

What have I done wrongly?
 
2020-07-05 10:38:58 PM  

Ken S.: Well, nice to see the brilliant negotiator has brought $16 an hour jobs to Mexico. Good for them.

Meanwhile on the home front the center said U.S. car sales will drop by up to 1.3 million units annually due to the Trump administration's trade policy -- including sanctions on China. It estimates that 70,000 to 360,000 jobs will be lost, leading to a $6 billion to $30.4 billion reduction in gross domestic product.


So, exactly as planned.
 
2020-07-05 10:39:40 PM  
Well, with Trump's mismanagement of COVID-19 and his self-serving economic policies, there many not be many people in the US left to purchase their products.
 
2020-07-05 10:39:50 PM  

King Something: brantgoose: long, hard

[Fark user image image 850x600]


Don't laugh at the Obelisk of Wokeness!
 
2020-07-05 10:40:13 PM  

GardenWeasel: Ken S.: Well, nice to see the brilliant negotiator has brought $16 an hour jobs to Mexico. Good for them.

Meanwhile on the home front the center said U.S. car sales will drop by up to 1.3 million units annually due to the Trump administration's trade policy -- including sanctions on China. It estimates that 70,000 to 360,000 jobs will be lost, leading to a $6 billion to $30.4 billion reduction in gross domestic product.

The irony is that will help decrease immigration while US job losses skyrocket..


Take that libs!!!
 
2020-07-05 10:41:11 PM  
Hell's bells. Way to go, Mexico. Damn. That is some sweet negotiating.
 
2020-07-05 10:42:50 PM  

brantgoose: $16 auto plant workers? Where are they going to find these miraculous creatures? 1960 A.D.?


These are the wages for parts suppliers, which I believe is actually ballpark for US non-union parts supplier wages.
 
2020-07-05 10:44:07 PM  
Finally! I'm glad to see that something the US did has benefited someone other than billionaires
 
2020-07-05 10:45:06 PM  
wait one minute. I'm confused. A guy that bankrupted four times and was reduced to using Russian mob money got played in a business deal and cut his own throat? I find that unpossible.
 
2020-07-05 10:47:19 PM  

GardenWeasel: Ken S.: Well, nice to see the brilliant negotiator has brought $16 an hour jobs to Mexico. Good for them.

Meanwhile on the home front the center said U.S. car sales will drop by up to 1.3 million units annually due to the Trump administration's trade policy -- including sanctions on China. It estimates that 70,000 to 360,000 jobs will be lost, leading to a $6 billion to $30.4 billion reduction in gross domestic product.

The irony is that will help decrease immigration while US job losses skyrocket..


Most people that still support Trump would rather lose their job than have to live next to a Mexican.
 
2020-07-05 10:47:36 PM  
"We don't want to be whipped around by a policy that we don't know how long it will last," said an executive at a Japanese automaker.

Toyota has told the U.S. government that it will invest $13 billion in America over a five-year period beginning in 2017, but most of this commitment was made before Trump became president.


Translation: we used to trust you not to elect a literal madman, but you proved us wrong. Fool us once, etc.
 
2020-07-05 10:48:12 PM  

GardenWeasel: Ken S.: Well, nice to see the brilliant negotiator has brought $16 an hour jobs to Mexico. Good for them.

Meanwhile on the home front the center said U.S. car sales will drop by up to 1.3 million units annually due to the Trump administration's trade policy -- including sanctions on China. It estimates that 70,000 to 360,000 jobs will be lost, leading to a $6 billion to $30.4 billion reduction in gross domestic product.

The irony is that will help decrease immigration while US job losses skyrocket..


If things are bad enough here, they won't come at all... winning!
 
2020-07-05 10:55:46 PM  
At this rate, by 2030, Mexico will be building a wall to keep all the illegal Gringos seeking high paying jobs out of the country.
 
2020-07-05 10:56:11 PM  
The Trump presidency has shown the world that the US is no longer the center of all things capitalism. Your superpower was essentially being the worlds middleman. Now the US can't be trusted and deals can actually be better when America is not involved at all
 
2020-07-05 11:00:00 PM  
d28hgpri8am2if.cloudfront.netView Full Size
 
2020-07-05 11:00:14 PM  
"We don't want to be whipped around by a policy that we don't know how long it will last," said an executive at a Japanese automaker.

Rats! They figured him out.

lh6.googleusercontent.comView Full Size
 
2020-07-05 11:01:16 PM  
Fark user imageView Full Size
 
2020-07-05 11:08:31 PM  
Great! One of the weaknesses of the original NAFTA was that it had poor protections for Mexican workers and encouraged the creation of lowly-paid maquiladoras on the border. By no means is that what Trump had in mind, but building up a strong, well-paid industrial workforce in Mexico would be a really good thing.
 
2020-07-05 11:08:45 PM  
I see... nothing wrong with this?  Hopefully this is how all trade arrangements end up.  More money for workers, less money for executives and profits.  What's the downside?

If it's fixed at a nominal $16/hr instead of inflation-adjusted that's kinda dumb since it can just be inflated away, but this is the kind of trade agreement clause that labour advocates have been fighting for for decades.  When workers in another country have more money, it means they'll be able to buy more of what we produce, too.

I know that Trump is a poo Midas, with everything he touches turning to shiat, but this seems like a step in exactly the right direction.
 
amb [TotalFark]
2020-07-05 11:12:05 PM  

Unscratchable_Itch: [d28hgpri8am2if.cloudfront.net image 850x1294]


That book is going to need 50 editions to keep up with all the new shiat D2S farks up.
 
2020-07-05 11:12:37 PM  

clawsoon: I see... nothing wrong with this?  Hopefully this is how all trade arrangements end up.  More money for workers, less money for executives and profits.  What's the downside?

If it's fixed at a nominal $16/hr instead of inflation-adjusted that's kinda dumb since it can just be inflated away, but this is the kind of trade agreement clause that labour advocates have been fighting for for decades.  When workers in another country have more money, it means they'll be able to buy more of what we produce, too.

I know that Trump is a poo Midas, with everything he touches turning to shiat, but this seems like a step in exactly the right direction.


All valid points, except that all these jobs are not inside the USA which is what Donnie was promising.
 
2020-07-05 11:15:23 PM  
The team dealing with the negotiations of this must have looked like the scene where Jay and Silent Bob are negotiating the rights to Bluntman and Chronic with Banky Edwards.
 
2020-07-05 11:25:12 PM  
Mexico will indeed pay for the wall, to keep the gringos out.
 
2020-07-05 11:39:07 PM  

I want that sauce Morty!: GardenWeasel: Ken S.: Well, nice to see the brilliant negotiator has brought $16 an hour jobs to Mexico. Good for them.

Meanwhile on the home front the center said U.S. car sales will drop by up to 1.3 million units annually due to the Trump administration's trade policy -- including sanctions on China. It estimates that 70,000 to 360,000 jobs will be lost, leading to a $6 billion to $30.4 billion reduction in gross domestic product.

The irony is that will help decrease immigration while US job losses skyrocket..

Most people that still support Trump would rather lose their job than have to live next to a Mexican.


I pay extra to live in a liberal town, so that doesn't seem too far off.
 
2020-07-05 11:45:17 PM  

hotrod2001: The team dealing with the negotiations of this must have looked like the scene where Jay and Silent Bob are negotiating the rights to Bluntman and Chronic with Banky Edwards.


So what you are saying is Trump made us eat their shiat, then shiat out their shiat, then eat our shiat which is made up of their shiat that they made us eat?
 
2020-07-05 11:48:01 PM  

The Reverend Sam Hill: Mexico will indeed pay for the wall, to keep the gringos out.


Well, now they can afford it! :D
 
2020-07-05 11:52:33 PM  
I honestly can't understand how anyone could not see this coming.
 
2020-07-05 11:59:01 PM  
The best way to protect American wages is to force other countries' wages to rise.

Now, it would have been far better for American labor and unions to have pushed for this kind of trade agreement back in the '60s and '70s. You build something overseas for import to the US, you pay prevailing US wages to do so.

Instead we farked around and let slave wages be paid for decades. Now, we're basically incapable of feeding ourselves. It's gonna be painful for a lot of people. It didn't have to be this way but this is the path our voters chose in 2016.
 
2020-07-05 11:59:27 PM  

Archie Goodwin: clawsoon: I see... nothing wrong with this?  Hopefully this is how all trade arrangements end up.  More money for workers, less money for executives and profits.  What's the downside?

If it's fixed at a nominal $16/hr instead of inflation-adjusted that's kinda dumb since it can just be inflated away, but this is the kind of trade agreement clause that labour advocates have been fighting for for decades.  When workers in another country have more money, it means they'll be able to buy more of what we produce, too.

I know that Trump is a poo Midas, with everything he touches turning to shiat, but this seems like a step in exactly the right direction.

All valid points, except that all these jobs are not inside the USA which is what Donnie was promising.


also, would you rather have $16 dollars in a US workers hand or $5 in a US workers hand after Mexico imports something from the US?
 
2020-07-06 12:05:13 AM  
There's a reasonable chance that $16 an hour is higher than a lot of rural wages in Trumptopia. And Mexico has public healthcare, so their wage dollars go farther.

Tell the Deplorables to move across the border before that wall gets built. Our Latin friends don't want a bunch of troublemakers sneaking in to steal good jobs.
 
2020-07-06 12:06:55 AM  
That is a fantastic anagram
 
2020-07-06 12:11:19 AM  

clawsoon: I see... nothing wrong with this?  Hopefully this is how all trade arrangements end up.  More money for workers, less money for executives and profits.  What's the downside?

If it's fixed at a nominal $16/hr instead of inflation-adjusted that's kinda dumb since it can just be inflated away, but this is the kind of trade agreement clause that labour advocates have been fighting for for decades.  When workers in another country have more money, it means they'll be able to buy more of what we produce, too.

I know that Trump is a poo Midas, with everything he touches turning to shiat, but this seems like a step in exactly the right direction.


Oh, it is. This is actually fantastic for everyone: Mexican workers get better wages, US companies get a bigger market to sell to, and increased standards of living and opportunity South of the border result in less crime, fewer drug cartels, etc. It's a win-win-win. It's just the opposite of what Trump intended.

That might just be the strategy to getting by with a Trump administration - propose ideas where screwing them up horribly actually leads to the desired outcome.
 
2020-07-06 12:24:23 AM  

Lusiphur: clawsoon: I see... nothing wrong with this?  Hopefully this is how all trade arrangements end up.  More money for workers, less money for executives and profits.  What's the downside?

If it's fixed at a nominal $16/hr instead of inflation-adjusted that's kinda dumb since it can just be inflated away, but this is the kind of trade agreement clause that labour advocates have been fighting for for decades.  When workers in another country have more money, it means they'll be able to buy more of what we produce, too.

I know that Trump is a poo Midas, with everything he touches turning to shiat, but this seems like a step in exactly the right direction.

Oh, it is. This is actually fantastic for everyone: Mexican workers get better wages, US companies get a bigger market to sell to, and increased standards of living and opportunity South of the border result in less crime, fewer drug cartels, etc. It's a win-win-win. It's just the opposite of what Trump intended.

That might just be the strategy to getting by with a Trump administration - propose ideas where screwing them up horribly actually leads to the desired outcome.


So you're saying Trump Made Mexico Great Again?
 
2020-07-06 12:30:31 AM  
Boy, those Japanese sure aren't American patriots.  If they were, they would kowtow to every trump wish, build a trump dump in Tokyo and give ivanka several random trademarks and patents.
 
2020-07-06 12:33:55 AM  
Trump's prediction that Mexico will pay for the wall may come true if he's elected for a second term. There will be such a mass exodus from the US that Mexico will build a wall to stop the influx. Same with Canada.

The United States, if Trump is elected a second term, will go from high-middle class to ghost town within that following four years.
 
2020-07-06 1:16:00 AM  

GardenWeasel: Ken S.: Well, nice to see the brilliant negotiator has brought $16 an hour jobs to Mexico. Good for them.

Meanwhile on the home front the center said U.S. car sales will drop by up to 1.3 million units annually due to the Trump administration's trade policy -- including sanctions on China. It estimates that 70,000 to 360,000 jobs will be lost, leading to a $6 billion to $30.4 billion reduction in gross domestic product.

The irony is that will help decrease immigration while US job losses skyrocket..


That's now how it was supposed to work!
 
2020-07-06 1:59:55 AM  

GardenWeasel: Ken S.: Well, nice to see the brilliant negotiator has brought $16 an hour jobs to Mexico. Good for them.

Meanwhile on the home front the center said U.S. car sales will drop by up to 1.3 million units annually due to the Trump administration's trade policy -- including sanctions on China. It estimates that 70,000 to 360,000 jobs will be lost, leading to a $6 billion to $30.4 billion reduction in gross domestic product.

The irony is that will help decrease immigration while US job losses skyrocket..


Speak for yourself.  I am immigrating to Mexico.  $16.50 an hour with the cost of living in Mexico?  Sign me up.
 
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