WASHINGTON, June 10 (Reuters) - U.S. President Donald Trump ‌said on Wednesday that he might not renew ⁠the USMCA free trade deal with Canada and Mexico. Speaking at the White House, ‌the ⁠president said he was discussing the ⁠matter with Mexican and Canadian ⁠leaders.

Reporting by Bo Erickson ⁠and Gram Slattery; Editing by Doina Chiacu

archive.org archive link: https://web.archive.org/save/https%3A%2F%2Fwww.reuters.com%2Fworld%2Ftrump-says-he-might-not-renew-usmca-2026-06-10%2F

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[–] marxismtomorrow@lemmy.today 2 points 3 hours ago (1 children)

While this would be pretty awful in the short term, both Canada and the US would greatly benefit long term from bringing heavy manufacturing back to each respective country from Mexico. Mexico would be pretty fucked though, since they've been the primary beneficiary of both NAFTA and USMCA (comparatively, excluding us companies.)

[–] CanadaPlus@lemmy.sdf.org 1 points 1 hour ago (1 children)

So basically, you agree with Trump. When you buy stuff from a foreign country you're losing.

[–] marxismtomorrow@lemmy.today 2 points 38 minutes ago (1 children)

In this instance, I agree with the affectation he has decided to cosplay for entirely different reasons against the advice of all of his corporate masters.

When you buy from a foreign country what can be made in your country, you are directly causing the loss of well-paid jobs in your country, and aiding the exploitation of a developing country (statistically.)

There's a reason China has done so well while the entirety of the western world has become worse for the average inhabitant. Every time a job is outsourced, every time you buy that foreign thing that could've been made at home, you are directly enriching another country and that money will never be seen in your country ever again. You do that enough times and hey, you have stretches of countryside full of small ghost towns that decayed after the employer had to shut down, and no social mobility.

[–] CanadaPlus@lemmy.sdf.org 1 points 10 minutes ago* (last edited 1 minute ago)

One could argue, but it'd basically be repeating all the same free trade debates that have happened in the past. Anyone unfamiliar with the counterargument can search "balance of payments" or "comparative advantage". It has to do with how those Canadian dollars you spent on whatever exporter eventually come back to the mint, basically.

What might be news to people is that China's had the most K-shaped economy of all, since about 2000. Sure, they have manufacturing jobs... that you'll never, ever work your way out of. And then a few million people out of 1.5 billion who have the connections, and can afford a Western-ish style of living.