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
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
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
Earlier today senator pat toomey of pennsylvania spoke out against the u. S. Mexicocanada trade agreement at an event hosted by the American Enterprise institute. Following his remarks, senator toomey took questions from the audience. This is an hour. 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 a preesh everyboppreciate eve 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 u. S. Feel it was necessary to renegotiate nafta because that was the start of usmca. So was it that nafta was an unfair, unbalanced agreement or a lack of reciprocity or was it left that the tariffs left in naf
Then i will come back up here with david french and greg to have a conversation about this. Well bat around handful of ideas. You ly you probably know david who has lit gifted on these issues. He has been in the trenches. Hes. Fire which is probably the leading organization for working on campuses and freespeech issues and im a fan of his because he cowrote what i think was the best article of 2015 in the atlantic, the coddling of the American Mind. Its fascinating, one of the parts of johns book is that theres an increased emphasis among folks on campus thing the safe spaces, its good for Mental Health. There is this alternative we just have a couple rules. One, please make sure that you raise your hand and we get at microphone to you. We just want to make sure everyone can hear you are. Make sure to you introduce yourself. Wed like to know who the conversation is happening between, so name and organization. And then last but not least, please, please, please actually ask a question d