Political Memes

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!!