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Politics : Formerly About Advanced Micro Devices
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To: locogringo who wrote (1029288)9/1/2017 11:30:30 AM
From: Wharf Rat   of 1581728
 
"When our MAGA president renegotiates Nafta, we will get " fucked over.

How Trump's Nafta Threats Are Bringing Mexico and China Together
By Eric Martin
August 31, 2017, 7:00 PM EDT

Donald Trump’s repeated threat to terminate the North American Free Trade Agreement could bring a little bit closer together the two U.S. partners who he’s complained about most: Mexico and China.

At first glance, the two are more natural competitors than allies. Both thrive on cheap labor and assembling products to sell to consumers in wealthier nations. When China comes looking to buy goods from Latin America, it’s usually commodities to fuel its own boom -- iron ore from Brazil or copper from Chile -- rather than finished products from Mexico. Yet they find themselves on the same side of the globalization argument -- opposite the U.S. -- advocating more trade as the pathway to growth.

That helps explain why President Enrique Pena Nieto will be in China next week, meeting with President Xi Jinping, just as U.S. negotiators are in Mexico wrapping up the second round of talks on Nafta. Pena Nieto has been invited to a business forum at a summit of the BRICS -- Brazil, Russia, India, China and South Africa. "This is an intentional effort of the president to show that Mexico has alternatives to the United States," said Eric Farnsworth, vice president of the business group Council of the Americas. "They’re in the midst of Nafta negotiations and the U.S. president is saying very publicly that Nafta may have to be abrogated. If you’re the leader of either Mexico or Canada, that’s a pretty strong signal that you need a Plan B."

continues at bloomberg.com
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