{"id":14596,"date":"2017-09-01T12:00:23","date_gmt":"2017-09-01T12:00:23","guid":{"rendered":"http:\/\/www.ceo-na.com\/?p=14596"},"modified":"2017-11-01T19:14:38","modified_gmt":"2017-11-01T19:14:38","slug":"hard-work-nafta-2-0","status":"publish","type":"post","link":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/opinion\/hard-work-nafta-2-0\/","title":{"rendered":"The hard work on the NAFTA 2.0"},"content":{"rendered":"

Trump is tweeting against the US partners in Nafta; he should hammer internal threats instead.<\/strong><\/em><\/p>\n

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By<\/strong> Oso Oseguera, who is\u00a0Editor in Chief at Chief Executive Officer North America and Latin America. He firmly believe life is better aboard a bicycle.<\/em><\/p>\n

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The United States needs to regain its competitive edge in manufacturing while also grappling with its two-tiered labor market and finding ways to make economic growth more inclusive.<\/p>\n

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Mexico, US, and Canada are set to Renegotiate NAFTA Deal. Image credit: teleSUR<\/p><\/div>\n

Manufacturing<\/a> remains a pillar of the US economy and the primary industry in some 500 counties, of some 3,000, from coast to coast. The sector drives 30% of the nation\u2019s productivity growth, 60% of its exports, and 70% of private-sector R&D spending\u2014all factors that keep the nation\u2019s innovation machine humming.<\/p>\n

So, what\u2019s going in on with the North American Free Trade Agreement (Nafta) 2.0? On August 27th Trump took his smartphone and tweeted that both Mexico and Canada were being \u201cvery difficult\u201d. He made a pause and then added: \u201cMay have to terminate?\u201d<\/p>\n

If he has any strategy, Trumps is bullying the negotiators of getting a better deal by threatening to pull out altogether\u2026 that is odd. The worst idea is that he is overwhelmed by a wrong fact.<\/p>\n

In an event on July 17, Trump launched \u201cMade in America\u201d week and sent Congress a list of his goals<\/a> for the renegotiation of the Nafta. The main objective is to reduce the US\u2019s trade deficit, presumably by stamping more stuff with \u201cMade in the USA.\u201d But that is wrong.<\/p>\n

NAFTA: A not-so certain deal<\/h6>\n

Manufacturing is not dead, but it can\u2019t longer be a millions machine jobs creator, nor well-paying ones. But it can still supply other valuable ingredients for overall economic growth. Making things requires big spending on research and development. That leads to innovation and increases competitiveness. Manufacturers are also big exporters.<\/p>\n

Early this year, the American industry was expecting that the new administration would lead to more tax cuts than trade tensions, but Trump began his aggressive Nafta campaign and his corrosive tweets and the position that America will withdraw from the trade. Suddenly the deal had louder champions in American business, including the energy and technology industries.<\/p>\n

Last week, the chief executives of the three largest American business associations wrote a public letter to Robert Lighthizer, the United States Trade Representative, warning him against attempts to eliminate or weaken Nafta\u2019s investor-state dispute settlement (ISDS) provisions. ISDS allows investors to sue foreign governments, and have been invoked 59 times under Nafta. They offend those who see international arbitration panels as undermining American sovereignty.<\/p>\n

Canada and Mexico seem unruffled by Trump\u2019s latest threats as they go into the second round of Nafta renegotiations on September 1st. Earlier ones prompted panicky phone calls from the Mexican president and the Canadian prime minister. After the latest blast, Mexico\u2019s foreign ministry merely released a sniffy statement that \u201cMexico will not negotiate Nafta \u2026through social media.\u201d<\/p>\n

Read here<\/a> other articles by Oso Oseguera.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Trump is tweeting against the US partners in Nafta; he […]<\/p>\n","protected":false},"author":8,"featured_media":14597,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53],"tags":[330],"class_list":["post-14596","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opinion","tag-nafta"],"_links":{"self":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/14596","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/comments?post=14596"}],"version-history":[{"count":3,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/14596\/revisions"}],"predecessor-version":[{"id":14601,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/14596\/revisions\/14601"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media\/14597"}],"wp:attachment":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media?parent=14596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/categories?post=14596"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/tags?post=14596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}