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CSPAN Sen. Toomey On USMCA Trade Agreement July 13, 2024

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 a ....

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CSPAN2 Sen. Toomey On USMCA Trade Agreement July 13, 2024

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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CSPAN3 Sen. Toomey On USMCA Trade Agreement July 13, 2024

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 la ....

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BLOOMBERG Bloomberg Daybreak Asia July 13, 2024

Appetite for treasuries. Jay powell insists it is not the return of qe. Tension sores in the middle east. Turkey says its forces will move into syria at any moment. Shery lets get you started with a check of the markets. U. S. Futures under pressure, fell. 1 after the s p 500 for two consecutive sessions. Semiconductors taking the biggest hit, they fell the most in about six weeks. We have trade headlines sparking concern about tensions intensifying between the u. S. And china. That is upsetting some of the comments coming from fed chair powell, who left the door open for rate cuts. The dow lost more than 300 points while the nasdaq fell 1. 7 . Lets see how we are setting up in asia. Sophie australian markets have lower, asx 200 opening snapping a threeday gain. Bhp shares among the biggest laggards. Studyssie dollar trading after overnight gyrations on the trade brinkmanship. Confidence numbers for october are due in a halfhour. Nikkei futures pointing to a lackluster start. South kor ....

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CSPAN Senate Finance Hearing On United States-Mexico-Canada Trade Agreement July 14, 2024

The committee 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 canada are our countrys most important trading partners. According to the International Trade commission for the year 2017, more than onethird of americas merchandise exports went to mexico and canada. In that year mexico and canada imported more than half a trillion dollars of American Goods plus more than 91 billion of american services. For iowa our six and sixten ....

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