Jennifer Jacobs, senior White House reporter for Bloomberg News, tweets that the Trump administration and House Democrats are on the verge of a handshake deal on the U.S.-Mexico-Canada "free trade agreement."
Apparently, according to Jacobs, plans are being discussed for where to hold the 3-country signing ceremony for USMCA.
USMCA is not a free trade deal, it is a crony trade deal but on the spectrum of no trade deal to free trade deal, I would rather have a crony deal than no deal.
-RW
Why do you prefer no deal to a crony deal?
ReplyDeleteI mean the other way around, why prefer crony over no deal?
DeleteCapitalism breathes through loopholes. Rather laws that inhibit trade not exist in the first place (i.e. free trade) -- but barring that, limited / crony trade is better than no trade.
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