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by Laura Lai/ Comment
I am not reflecting on the USMCA deadlock anymore, but on these fantastic numbers. Obviously the measures the Executive/the Administration takes are miraculous in terms of job creation. I obviously cannot explain how, but we may all find out from the next book about success signed by Donald Trump. Anyway, what I can tell for sure is that it is on July 1st, 2020 that it went into force. It is on this occasion that the U.S. President issued a statement:
‘The USMCA is the largest, fairest, and most balanced trade agreement ever negotiated and contains innovative provisions to help grow the economy and support American jobs. It is a tremendous victory for our manufacturers and autoworkers, meaning more cars and trucks will be produced in the United States. The USMCA is also a historic breakthrough for American agriculture. Canada will provide greater access for American dairy products, poultry, and eggs, and finally give fair treatment to American-grown wheat. In addition, the USMCA includes groundbreaking provisions to address digital trade, services, small business, and more, which will protect America’s competitive edge in technology and innovation.’ (7)
The advantages of the USMCA are numerous (8) particularly for the agriculture and the auto industry. It is a win-win type of agreement for all three signatories: Canada, Mexico and the United States. For example, in order for a car to be considered duty free on the North American market it has to have 75 percent of its components made in North America (not purchased cheaper from other continents) by workers that are paid at least $16 per hour – which is great improvement for the Mexican workers. It is expected to add other 76,000 jobs in the auto industry and to spur $34 billion in new investments in this industry. Furthermore, the USMCA addresses intellectual property rights, digital trade, biotechnology and other issues that were not included in the NAFTA agreement (to read the opinion of the U.S. Trade Representative on this ‘state-of-art’ agreement, click here).
To sum up, each continent has a free trade agreement, with the exception of Europe that was both an economical and a political project and that has been evolving in this supra-national direction. The North American continent had since 1994 the NAFTA agreement that required an update to correct both commercial imbalances and to address new issues such as: biotechnology, digital trade, etc. The USMCA that replaces NAFTA was signed and ratified by both Canada and Mexico in the shortest delay, but it was in the United States that it was subject to a certain deadlock. It finally entered into effect, on the 1st of July 2020. Till this date the U.S. Labor Statistics was publishing all time historic records of job employment. The USMCA will only add others.
Fortunately,
there is no more USMCA deadlock to reflect on, as many people are now impacted
by the USMCA in a positive way. In plain English, this means many happy people
and, for me, one topic less to reflect on. There will be other topics to
practice online comments, essays and reviews on this Writing Blog.
The
Trumps and the Administration were an inspiration for many authors. To me, too!
It inspired me a play that I am working to self-publish. Donald Trump himself
is surprised by this all time historic record after record in employment rate –
meaning, in plain English, that he knew that he was competent, but not that
competent. I wonder what inspires him. The U.S. President applied on a
‘building’ infrastructure project to ‘Make America Great Again’, but he proves
a ‘job generator genius’. I hope he will write about this in his new book about
success and that it will inspire other governments – because we are many
looking for and wanting a job.
As a political
scientist who loves theory and writing (and I went even for the writing of a
doctoral thesis on a theoretical political topic), I am skeptical about
politics in practice. Although data can be manipulated, it is hard for me to
believe that this outstanding employment data can be manipulated month after
month by an Administration in power that seems to have more subjective critiques
than objective appreciations. It is the first time in many skeptical years,
when based on this performance after performance, that I start to believe in
the political words of a character newly converted to politics: ‘and the best
is yet to come’. To which I would only add: ‘So help us God!’ (the end)
OTHER LINKS on this topic:
https://www.foxbusiness.com/markets/trump-usmca-deal-christian-whiton
https://www.youtube.com/watch?v=ApANiPz9Qis
https://twitter.com/WhiteHouse/status/1268930637819449344
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