Support NeoGAF

[RM8]

I for one welcome our new European overlords.

Top of the page, I feel like I should add something more to this post where I beat a tired meme to death :x

 

[Ac30]

Greatest negotiator in mankind is what he said

He's going to negotiate the best deals for the EU.

 

[Iksenpets]

It's either the EU or China.

Possibly both of them?

The anti-globalist movement is going to somehow end up leading to a future where he next president joins a TPP that now also includes Europe and China. Whoops.

 

[Hari Seldon]

There will be some manufacturing shifts, but I don't expect cars to be a huge part due to political reasons. The EU is also becoming more wary of the risks that come with deindustrialisation due to the increased prominence of populist movements fed by it.

That said, Mexico also exports to Europe other industrial goods such as machinery, tractors and electronics that would benefit from this deal. Some of those products are currently being made in Europe and could lead to some issues, but many other are not.

Either way, Europe has the upper hand in these negotiations since it's the larger partner and doesn't need a new trade deal with Mexico as much as Mexico needs it.

@bolded: Most German cars sold in America (VW, Mercedes-Benz and BMW) are already being built in Mexico and America (usually with a huge input of Mexican parts). That's been the case a good while.

This hybrid protectionist free trade deal you are talking about sounds a lot like what Trump wants to re-negotiate NAFTA to be.

 

[Funky Papa]

This hybrid protectionist free trade deal you are talking about sounds a lot like what Trump wants to re-negotiate NAFTA to be.

I'm not sure if I follow you. The problem with Trump's "deal" is not that he wants to renegotiate NAFTA, but that he's making a huge mess and that so far his proposals (ie: YUGE border tax that would wreck American manufacturing by making Mexican parts onerously expensive) make no sense at all.

That and him being a total dickwad towards Mexico for no good reason.

 

[Regulus Tera]

Mexico could find itself in a very nice position of being the bridge between China and Europe if the rumours of EPN trying to establish closer ties with Beijing are true.

 

[Brinbe]

Mexico would be smart to build that wall. We'll build one up here on the northern border and we can wall America in and save the world from their idiocy.

 

[Ragnar Blackmane]

The whole GOP needs to be erradicated with Trump.

This. US/EU relations will never be the same again as there is 0 guarantee that Americans won't vote the Republicans into power after 4 or 8 years again. The joys of a 2 party system.

 

[Keasar]

Kebap stands AND Taco trucks? Oh my god.

Where do i sign.

.....

I motion that Mexico becomes a member of the European Union right away!

Canada can come too, I wanna try that Poutine stuff.

 

[Beartruck]

Trump:"Do what I say or you're not allowed in my house anymore!"
Mexico:"Fine, I'll go to EU's house. Bye."
Trump:"Wait huh?"

 

[Camp Freddie]

This is the textbook failed economic theory that has directly lead to the rise of Trump and other right wingers world wide. You cannot get rid of low skilled jobs and replace them with nothing. Not in a democracy when those low skilled people are going to say "fuck off" and vote anyone who wants to do this out. Sure maybe this theory is great if the regime is totalitarian and the people affected by it have absolutely no say.

This is the hard part that the USA and UK have really failed on. You need to find a way to take the net gains from free trade and redistribute them to the people most harmed by it (low-skilled workers in the richer country).
Instead, we've let people gorge themselves on cheap imported goods and debt, while failing to provide new jobs.
On the other hand, providing new jobs is really difficult. The pace of globalisation and free trade has not given people enough time to retrain. Change is really hard if it occurs faster than workforce attrition (old people retire and are not replaced while their grandkids are educated to do newer jobs).

Whoever finds an answer to this problem will literally rule the free world.
Trump's mercantilism won't work because if everyone else is trading, they all get a net benefit while America stands still. I also don't understand how America and the UK can avoid an inflationary spiral as goods costs increase due to tariffs or homegrown-only policies. But then I studied a hard science instead of a dismal one so what the fuck do I know.

 

[SilentRacoon]

Mexico could find itself in a very nice position of being the bridge between China and Europe if the rumours of EPN trying to establish closer ties with Beijing are true.

Those aren't just rumors, it's actually the next step for them to take, they have been on record stating they want to strenghten commercial ties between China, Japan and S. Korea.

They supposedly aim to close the deal with europe sometime this year, so I'm guessing moving to the Asian region would be the next logical step.

I'm honestly starting to feel that botching NAFTA might not end up hurting our economy as badly in the long run.

 

[PSqueak]

Yes!

Can someone do a "friendship ended with USA, now EU is my best friend" edit?

 

[Funky Papa]

More details about the new trade agreement.

The EU and Mexico have a free trade pact dating from 2000 that they began to update last year, holding talks in June and November.

The EU has said a new deal would seek to include public tenders, trade in energy products and raw materials, broader protection of intellectual property, more flexible rules on what products can benefit from lower customs tariffs and greater benefits for smaller companies.

It could also lead to more liberalised trade in meat, dairy products, cereals and certain fruits and vegetables.

http://www.euractiv.com/section/trade-society/news/eu-mexico-renew-interest-in-free-trade-talks/

 

[Kill Your Masters]

.....

I motion that Mexico becomes a member of the European Union right away!

Canada can come too, I wanna try that Poutine stuff.

Poutine, Taco Stands and Tim Hortons in Europe, maybe Trumps presidency won't be THAT bad.../s

 

[Joni]

It is really the perfect way to start a real trade war with the USA. Just take over all their trade deals they don't want.

 

[Lord Frieza]

Mexico would be smart to build that wall. We'll build one up here on the northern border and we can wall America in and save the world from their idiocy.

Yeah, go ahead. I'll take the L.

 

[KDR_11k]

I assume it'll have ISDS, that's probably unavoidable now. I hope it'll be the nerfed version that CETA got after all the protests.

Also there's not a single taco place in this city, that needs fixing.

 

[Sunster]

*baby boomer voice* Good deal, gooood deal.

 

[moltonasty]

feels good man! hopefully other countries punish the shit out of the US for all this recent bs.

 

[Lonely1]

This hybrid protectionist free trade deal you are talking about sounds a lot like what Trump wants to re-negotiate NAFTA to be.

I'm not sure if I follow you. The problem with Trump's "deal" is not that he wants to renegotiate NAFTA, but that he's making a huge mess and that so far his proposals (ie: YUGE border tax that would wreck American manufacturing by making Mexican parts onerously expensive) make no sense at all.

That and him being a total dickwad towards Mexico for no good reason.

Well, for a start, Trump has conditioned NAFTA negotiations to Mexico paying the friggin Wall....

 

[Parch]

Mexico following Canada's lead. Well done.

Those two countries securing alternate trading partners is the smartest thing they can do. Geographically it makes it difficult to completely eliminate exports and imports with the US, but finding new trade options is highly beneficial. I'm so glad the rest of the world also sees the benefit.

If the US wants to be isolationist, then the world will be happy to comply. Canada and Mexico just need some help with that to make it happen.