President Donald Trump disagreed with executives of major oil and gas companies Thursday about the importance of keeping binding dispute settlement procedures in a renegotiated North American Free Trade Agreement, according to a person familiar with the discussion.
Trump told roughly a dozen of the oil and gas industry leaders at a White House meeting that he understood — but did not share — their view that those Nafta provisions are essential to give companies confidence to invest in Mexico and Canada, said the person, who asked not to be identified describing the closed-door session. […]
Douglas
Globalization is a farce. It assumes a level playing field (equal labor costs, equal government intervention, equal distribution of resources, etc…) which does not exist.
Apparently the rest of the world expects, and demands, access to the US market without reciprocating.
Mike Black
Doug, equal labor costs is impossible. The cost of living in each country changes, therefore salaries are different. Labor costs in the US are very high, so made in America products will be very high. If America shuts out the rest of the worlds imports or puts high tariffs on the products this will not help America. Their products would cost to much that the American people would not be able to afford them. This would lead to factory’s producing less and laying off people.