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
December 2008. Brent had its best day since collecting data. You are still looking at wti at 61. 81 and present at 65. 85 in asia, the knnikkei up about 3 points this morning, some early trading in europe, fairly muted there. Ftse slightly higher in france, the cac slightly down, so is the dax. Check out treasury yields, the soyear is now yielding 1. 833 the 30 year a little lower but well above what weve seen in recent months. Lets talk about the corporate story of the morning wework now delaying its ipo. Surprise but says it will still go public by the end of the year the company has been prepared for its investor road show which was supposed to take place today. But made the decision last night to stand down. This reportedly over concerns that there is not enough stock mark et investors. Work reporting they will not go public until at least october at the earliest adam neumann wants to get through the jewish holidays before he considers the next steps. Because that is what is keepin
The fifth time that the Chicago Council are here to release their survey of American Public opinion. Its a Great Partnership that we have with the Chicago Council and in the parlance of this report and prior reports, its an enduring alliance. Its also reassuring, certainly to me, to learn the good news in this report. That americans by huge, bipartisan, huge, bipartisan margins continue to support an active u. S. Role in Foreign Policy and world affairs. Much of the vision for that role, a little brag here, started with Woodrow Wilson, our 28th president , for whom this center is named, who served as president a century ago. Downstairs in the Memorial Hall which you all passed through, wilsons words are on the wall. Part of the quotes say this. It is a fearful thing to lead this great, peaceful people into war but the right is more process than is more precious than peace and we shall fight for the things which we have always carried nearest to our hearts, for democracy, for the right
Gains on several fronts. The british pushed into iraq and general edmund allonby lead the forces that ultimately ousted the ottomans from palestine. But alan peace continued advance towards the must has caused the french serious alarm he had expected to have complete control of the levant under the terms of the psychs pekoe agreement. That modern busker. On his own the accompanying manipulation allonby in less interest from meet. With money so small is only a key desire may only need a sheep or live also a song there arent under topa maybe yes that the god of the minister says that cos they speak oh keeper may of course said you have a room. Down in the out there it was listen all of. Allonby and the hashemites. Took the syrian capital on the 30th of september 1918 and within a week prince faisal been interesting had announced establishment of an arab Constitutional Government in damascus. It was. Our. Yeah it was that sex before the committee on sex because our lets just see a photo o