Foreign automakers have signaled that they will shift more of their manufacturing to the United States, Canada and Mexico thanks to the recent US trade deal with Canada and Mexico, reports the Wall Street Journal.
Nafta 2.0, on the other hand, requires automakers to assemble at least 75% of a car's value in North America in order to retain duty-free status, up from 62.5% at present. On top of that, automakers must ensure that 40-45% of the vehicle is made by workers who make at least $16 an hour - a provision designed to shift work back to the US and generate more manufacturing jobs.
Remember, Obama said "good luck" with bringing back jobs. It took me awhile, but I finally realized that he actually encouraged the destruction of the working middle class.
I sounds like adjustments are even now in the plans for making autos.
Is there anything more important for the president to concentrate on than good jobs here in the US?
For all of his personal flaws - flaws that are so obvious - flaws that are pointed out so regularly - aren't we fortunate to have Donald Trump in the White House?
Well, National Defense is in there somewhere... That being said..
We are learning the difference between having a president who's resume is limited to community organizing and political activism and one with actual business experience.
Of course Obama would think a magic wand would be required. Throughout history, when people have been clueless as to how things work, they've attributed it to magic.
Yes, it is so interesting how the press loved Obama - and how much they hate Trump.
And, Obama will probably be recorded by history as one of the most incompetent presidents ever - and, if all the redactions are removed from DOJ and FBI documents, one of the most corrupt. Donald Trump, OTOH, might just go down as one of the best presidents - for sure in recent times anyway.
How Trump will be recorded will depend on whether we focus on results or manufactured perception.. Granted, the perception gets a lot of help from our loud mouthed CIC... If he could learn to shut up, there'd be no material. But, that's not likely to happen.