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Transcripts For CNBC Fast Money 20240712

With civil Rights Groups today to address the growing boycott the organizers of stop hate for profit calling the meeting a disappointment saying that Mark Zuckerberg and Cheryl Sandberg are not ready to address the hate on that platform and did not respond to demands of dozens of its largest advertisers the ncaa color of change, Antidefamation League and free press saying Mark Zuckerberg did not offer any tangible plans on how facebook will address the rampant discrimination and violent conspiracies on their platform the meeting that we just left was a disappointment facebook has had our demands in multiple ways and they showed up to the meeting expect an a for atte attending. Attending alone is not enough. Civil Rights Groups saying facebook did not address their list of demands, saying zuckerberg offered no automatic recourse for advertisers whose consent runs alongside hateful posts. They did not address why facebook recommends hateful groups and didnt address rampant disinformation

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Transcripts For CSPAN Sen. Toomey On USMCA Trade Agreement 20240713

Toomey why did the administration think it was worth renegotiating nafta . Was it that an unfair and balanced agreement . Was there a lack of reciprocity . Where the tariffs to high . No. To all of those questions. Nafta is a freetrade agreement. On 97 offs agricultural goods. No quotas. No obstacles. A to me is the epitome of free, fair, reciprocal trade agreement. Pennsylvania exports to mexico have grown. I think you can make a case that since nafta was signed in 1993, a lot has changed in the economy. We have this whole digital sector. Modernizing made sense. But that is not the reason they renegotiated nafta. Imports from mexico had grown more. And we have a trade deficit. A trade deficit with a country like mexico is insignificant economically to the u. S. That is not the view of the administration. Significantlyo diminish if not eliminate the trade deficit with mexico. That was the central motivating factor. That is why we have a lot of bad outcomes. It was the wrong intent in t

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Transcripts For CSPAN Sen. Toomey On USMCA Trade Agreement 20240713

Thanks for the kind introduction and thank you for hosting this and giving me this chance to share my thoughts and have a conversation about what i think is an important topic. I appreciate everybody who came out, as well. I can, and one of the messages i get repeatedly from my staff, they like to take me aside, it doesnt mean you cant give a short speech and ill keep that advice in mind as i work through my remarks and look forward to the exchange with derek. So when i think of usmca, its a starting point about nafta. Why did the administration feel it was necessary to renegotiate nafta because that was the start of usmca. So was it that nafta was an unfair, imbalanced agreement or a lack of reciprocity or was it left that the tariffs left in nafta that they were too high and they were unacceptable obstacles to trade . No to all those questions. Nafta is a Free Trade Agreement and zero tariffs on 100 of manufactured goods and no quotas, no obstacles, and it me its the epitome of a fre

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Transcripts For CSPAN3 Sen. Toomey On USMCA Trade Agreement 20240713

Hes expected to discuss the u. S. Mexicocanada trade agreement known as usmca. This is hosted by the American Enterprise Institute Just getting under way here live on cspan3. He has one of the authors of the 2017 tax cuts and jobs act. Hes been a proponent of deregulation and an advocate for ending bureaucratic overreach. Senator toomey, a strong defender of free trade will be laying out his thoughts on the current agreement today and after his presentation, he will be joined for a conversation with ai resident scholar dr. Scissors. He has written extensively on the usmca and its impact on americas position in the world. Please join me in welcoming senator toomey to the stage. [ applause ] thanks, robert, for that kind introduction and most of all, thanks to you and aei for hosting this and giving me this chance to share my thoughts and have a conversation about what i think is an important topic. I appreciate everybody who came out this morning as well. I can tell you that i i take se

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Transcripts For CSPAN2 Sen. Toomey On USMCA Trade Agreement 20240713

I think is an important topic and i appreciate everybody who came out this morning as well. I can tell you i take seriously the advice i get from my staff and one of the messages i get repeatedly from my staff, they like to take me aside and remember just because you cant give a good speech doesnt mean you cant give a short speech. I will keep that in mind as i work my way through my remarks and look forward to the exchange with derek. Lets talk about us mca. When we talk about this, it is worth having a starting point, a question about nafta. Why is it the administration felt it was necessary to renegotiate nafta. That is starting point for us mca. Was it nafta was an unfair, unbalanced agreement, or tariffs that were unacceptable obstacles to trade . Now to all those questions. Nafta is a freetrade agreement. 0 tariffs on 97 of agricultural goods, no quotas, no obstacles, the epitome of a free, fair, reciprocal trade agreement and since nafta was implemented, american exports from me

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