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The nightmares are all the same. I wake up at some ungodly hour after dreaming about a looming final exam. Math was my worst subject, so the test will invariably cover numerical concepts never understood in classes sparsely attended. Some hate to have their sleep interrupted, fearing that there will be no more. In my case a sleepless night is better than the agony of a cruel dream that just won’t die. And the odd thing is, the last time I attended school was during the Clinton administration.
Congress needs to step up and approve the United States-Mexico-Canada Agreement to ensure a stable economic future with our neighbors. Just as importantly, Congress must pass legislation like the Bicameral Congressional Trade Authority Act, H.R. 940 and S. 287, to restore its constitutional authority over trade.
As the newly-negotiated trade agreement between the United States, Mexico, and Canada (USMCA) came to light, pundits and politicians rushed to process what the re-negotiation of the North American Free Trade Agreement (NAFTA) meant for global trade. The best, most level-headed take likely came from Rep. Justin Amash (R-Mich.), who said via Twitter that the agreement is “marginally better in some ways and materially worse in some ways.”
Next week, the next round of negotiations between Canada, Mexico and the United States on the future of the North American Free Trade Agreement resume in Montreal. Rumors are swirling that if talks don’t go well, a frustrated Donald Trump may move forward with his threat to pull the United States out of NAFTA. That’s the doomsday scenario for the economies of all three nations.
America’s trade negotiators are now in the process of crafting a 2.0 update of the 1994 North American Free Trade Agreement (NAFTA). Fortunately, it now appears that Donald Trump’s intention on NAFTA is to mend it, not end it. The trade deal has been a stunning economic success for all three nations: Canada, Mexico and the United States. Freer trade has meant steady increases in the volume of trade, greater competitiveness and lower prices.
FreedomWorks commented on Boeing’s official complaint against Bombardier for selling airplanes at a low price. FreedomWorks President Adam Brandon released this statement following the U.S. International Trade Commission's vote to move forward with a preliminary finding:
In true D.C. form, a series of acronyms regarding trade have erupted onto center stage. Although it seems these terms just popped onto the scene, the efforts behind each have been ongoing for several years.
Today, Politico’s Arena featured an online debate over the results of the automobile industry’s bailout. Many of the contributors have hailed the bailout as a success due to the perceived growth in the auto industry and, namely, in Michigan, Ohio, and Pennsylvania.
Last Wednesday, the Department of Commerce announced that the US trade deficit has grown for the second consecutive month. In April alone, the US imported $29.2 billion worth of goods and services more than it exported. When similar news came out in June of 2008, then-Senator Obama said the trade deficit was the result of “unprecedented fiscal irresponsibility.”
FreedomWorks Foundation, American Legislative Exchange Council, Tea Party Patriots and Committee to Unleash Prosperity in partnership with a coalition of conservative organizations and prominent individuals, launched the Save Our Country Task Force.