• 1024_Kibibytes@lemm.ee
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    2 days ago

    Is the date on this wrong? Peña Nieto was president of Mexico until December 2018, but in 2019 Lopez Obrador was president.

    • AnIndefiniteArticle@sh.itjust.works
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      2 days ago

      Great question, and only sort of!

      With the evidence you present, we can conclude that the pic was taken during the November 2018 signing of the terms of the agreement.

      Then the countries negotiated an enforcement agreement which was signed in December 2019.

      The bill took effect in July 2020.

      Source

    • Optional@lemmy.worldOP
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      2 days ago

      Possibly a mixup in the photoshopping? this is the article about the deal that I found (doesn’t mention the Mexican president, though) but it does say this:

      Exiting NAFTA without replacing it would have forced the three nations to revert to WTO rules around trade, which would have upended supply chains and disrupted production throughout the continent.

      “We have to view it as a bullet dodged, because the alternative would have been Trump pulling out of the whole thing, which would have been far worse,” Kirkegaard said. “He was threatening to overturn over the table.”

      . . . According to the nonpartisan Tax Foundation, the China tariffs already imposed shaved roughly a quarter of a percentage point off GDP growth, reduced wages and cost nearly 200,000 jobs. The threatened tariffs that were avoided when the China trade deal was struck would have doubled the hit to GDP.

      “The key achievement of the USMCA was to keep the North-American trade system intact much as it was under NAFTA and ending a very destructive period of uncertainty,” said Peter Petri, a professor of international finance at the Brandeis International Business School.

      Exciting times afoot!!

      • 1024_Kibibytes@lemm.ee
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        2 days ago

        Thank you! You’re definitely right about the exciting times. Boring & predictable times are easier to deal with.