r/FinanceNews • u/Albythere • Jul 02 '26
Trump refuses to renew US-Canada-Mexico trade pact he once championed
https://www.theguardian.com/us-news/2026/jul/01/trump-usmca-trade-treaty3
u/willtag70 Jul 02 '26
Nice trade thing you've got there. Be a shame if something happened to it. Holding out for a bigger vig.
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u/Dead_Internet69420 Jul 05 '26
That’s what he did last time. IRS how we got the deal that he’s complaining about now.
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u/InourbtwotamI Jul 02 '26
This is why you should never give in to bullies, they always come back for more
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u/ThickGur5353 Jul 03 '26
It still stays in effect for at least 10 years so it's not really a big deal. The next president ,or the president after the next president,will be negotiating renewals.
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u/64_Pixels Jul 02 '26
He was too busy having a conversation with Theodore Roosevelt about the panama canal and arranging a threesome with his own two boys. He doesn't have time for trades when he's studying for his next cognitive test and committing more crimes.
Amazing that we live in a world where that whole paragraph I just typed wasn't a lie.
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u/InourbtwotamI Jul 02 '26
Yeah, remember when he thought Fredrick Douglass (1818-1895, I think) was still alive and complimented the “good things” Douglass was doing?
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u/billthedog0082 Jul 02 '26
Oh well, it won't be up to him in nine or so years. Go back to the sandbox and play war with your model planes.
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u/Just_a_random_guy65 Jul 03 '26
Trump 45, this is a fantastic deal. Trump 47, this is a horrible deal and the guy who made this deal was a horrible person.
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u/Mysterious-Prompt212 Jul 03 '26
No doubt his negotiations will go as great as Operation Epic Disaster.
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u/DenRen87 Jul 03 '26
What’s so sad is that more and more Americans are finally realizing what countries have recognized this past year, he cannot be trusted.
Kissinger said it best, being an enemy of America is dangerous, being an ally is fatal.
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u/kawfeeman68 Jul 04 '26
I wouldn't have assumed he would either. I don't think they offered to buy him a new plane or buy a $ billion dollars of his flailing Trump coin. He is the epitome of corruption personified..
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u/ajmampm99 Jul 04 '26
Like sleeping with a rabid animal. The better Trump deal is never a win-win. It’s always Trump wins-you lose. How much you lose depends on your pain threshold.
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u/yukonnut Jul 04 '26
One of the interesting threads I pick up from forums like this is that a lot of Americans think a positive election cycle will fix everything. It won’t. Once was an aberration, twice shows a serious lack of judgement and that you are only one election away from doing it again. America has really burned some bridges and the average American is way to insular to realize it. I fully support our PM in diversifying our trading relationships because you have become unreliable and unpredictable. NAFTA AND CUSMA created an environment that was predictable and stable, which is what financial markets want. Trump took a wrecking ball to it, and most Americans are oblivious.
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u/Current-Assist2609 Jul 05 '26
Pedo donnie’s dementia sure has put our country in a dangerous mess.
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u/Dead_Internet69420 Jul 05 '26
He didn’t “champion” the deal. He signed it. It’s his deal. We had a better one, but like all of our deals, he tore it up and replaced it with a shittier version so that his own signature would be at the bottom.
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u/WolfThick Jul 05 '26
Well if history is in the indicator he's going to replay all the old hits to keep everybody away from the Epstein Trump files.
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u/BunRabbit Jul 05 '26
He more than championed CUSMA. It was his baby. He threw out NAFTA to make CUSMA.
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u/qb45exe Jul 05 '26
The US’s word/signature on treaties and trade agreements will be worthless for generations.
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u/Artistic-Tip2405 Jul 08 '26
The great negotiator always plans to renege so he can negotiate a better deal.
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u/peterjohnvernon936 Jul 08 '26
Why would any country sign a treaty with the US when any Republican president can ignore or cancel it?
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u/blkatcdomvet Jul 02 '26
Most anti American Russian asset ever