The Committee Welcomes order. Witnesses. Me the we are here to have testimony from a range of industries that tell us about the importance of the United States, mexico, Canada Agreement and we prefer that to usmca. Fromok forward to hearing witnesses about the significance of the agreement to American Business both small and large, the workers and farmers we all represent. Thank you for being here. Canada, and mexico, our countrys most important trading partners. Americasone third of merchandising went to mexico and canada. Nearly half 1 trillion in American Goods the year. The foundation of our strong praise relationship with mexico and canada has been thus far nafta. The United States negotiated and agreement between 1990 1993 and at the time it was a Gold Standard of trade agreements. It enabled American Businesses, workers, farmers and ranchers is andanges without tariffs nontariff barriers and for decades, burdened our ability to compete in those two countries. Andourse, the u. S.
Shape as i keep saying, then how the heck can i keep calling for a rate cut i dont need a rate cut. On a day when the dow gained 50 points, the nasdaq dipped 3. 6 , i think this is an important question especially given the feds yearly jackson hole con fab getting Coverage Today and tomorrow on our network. As the consumer well, lets just say, what do we know about the consumer consumer shops at watch, which is my acronym for walmart, amazon, target, costco, and home depot. What do we know about the consumer at these stores doing quite well we know the Unemployment Rate is at its lowest level in 40 years, so why in the world is President Trump trying to hector the fed into cutting interest and why do i believe in the president because its not that simple, people as i explained last night, weve got two economic world views colliding here you look at the big retailers and it seems like business is booming. You look at whats happening in the rest of the world in the bond market it looks l
More relevant than others. On television and online, cspan is your unfillerred view of unfiltered view of government so you can make up your own mind. Brought to you as a Public Service by your cable or satellite provider. Now, the Senate Finance Committee Examines the u. S. Mexicocanada trade agreement. Former agriculture secretary tom vilsack, along with a panel of trade and industry representatives, testified on how the usmca could impact the average american as well as how it differs from the 1994 north American Free trade agreement. Meeting will come to order. We welcome our witnesses. Were here to have testimony from a range of industries to tell us about the importance of the United Statesmexicocanada agreement, and we soon are referring that to always as usmca. We look forward to hearing from our witnesses about the significance of the agreement to american businesses, both small and large, the workers, the farmers that we all represent. Thank you for being here. Mexico and can
Exchange welcome to cramerica other people want to make friends, im just trying to make you some money my job is not just to entertain but teach and coach you. Call me or tweet me jimcramer how the heck are we supposed to figure out what is going on when the president of the United States starts bad mouthing china when his hand picked team of the negotiators is set to have a state dinner with chinese counter parts . These trade talks are so important, no wonder the market is confused. Down hard on trumps tweets or betting on the hope the Federal Reserve will bail us out with a rate cut tomorrow afternoon that we certainly need. Thats why the dow closed down 23 points, s p dipped 2. 6 and nasdaq lost 2. 4 maybe the president , maybe its not a brilliant plan here. I can see where hes coming from man, it does not inspire confidence about these trade talks when you tweet stuff like my team is negotiating with the now but they always change the deal in the end to their benefit. They should
Conversation. Those. Say the United States is we realize each country likes to planning to conduct tests on new explained to me what we got this morning. He jobs report got overshadowed have tare happy to talk about t. Missile technology that would by trade. One issue is that huawei is a have violated a treaty with it was not necessarily a bad report. Russia that expired today. It didnt show us that things chinese company. Last year, President Trump one of the b concerns is the were improving. Announced he would withdraw from is that right . This is a solid but not the 1987 intermediate range National Intelligence law in china that requires Chinese Nuclear forces treaty in 2018 spectacular jobs report. 164,000 is a perfect the good information in order to after accusing russia of number at this point in the developing and applying a weapon recovery. The thing that is worrying as cooperate with intelligence agencies. Itselfld huawei defend that violated the pack. You continue to see the