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NAFTA 2.0 Signed: A Deal for 'The Corporate One Percent'

As the rich get richer in the United States, DO NOT expect a change when the Democrats get into power. They are all for enriching themselves also, as they are the top 10%.

Oligarchy

The new deal, says Rep. Jan Schakowsky (D-Ill.), does "not do nearly enough to raise wages for workers, lower costs for healthcare consumers, or protect the environment."
U.S. President Donald Trump, Canadian Prime Minister Justin Trudeau, and Mexican President Enrique Peña Nieto signed a trade agreement to replace NAFTA on Friday—a deal some lawmakers and advocacy groups say is still fundamentally flawed as it stomps on the rights of workers and the environment and empowers "the corporate one percent at the expense of the rest of us."
Simply put, "The NAFTA 2.0 text is not the transformational replacement of the corporate-rigged trade-pact model that progressive activists, unions, and congressional Democrats have long demanded," wrote Lori Wallach, director of Public Citizen's Global Trade Watch.
Inked by the North American leaders on the sidelines of the G20 summit in Buenos Aires, the deal, formally called the United States-Mexico-Canada Agreement (USMCA) in the U.S., comes after more than a year of negotiations. Canadian Foreign Affairs Minister Chrystia Freeland noted that the signing follows "what has been, at times, a difficult process." As The Toronto Star reported:

Trudeau's government has informally referred to the new agreement as a new NAFTA, noting that much of the original remains in place. Trump, who has called NAFTA the worst trade deal in world history, has wrongly insisted he is terminating NAFTA and replacing it with something entirely new.

Given that continuity, a number of family farm organizations from the U.S. and Canada including the National Farmers Union Canada and the U.S.-based National Family Farm Coalition have urged a better deal, one "that promotes fair and sustainable food systems." Unmet in the new deal, they say, are their demands to "restore local and national sovereignty over farm and food policy; stop corporate giveaways in trade agreements; and ensue economic viability and resilience in rural communities."
"This New NAFTA is a huge missed opportunity," said Karen Hansen-Kuhn, director of Trade and Global Governance at the Institute for Agriculture and Trade Policy. "Family farm groups in all three countries insisted on new rules to rebuild rural economies and food systems. Instead, we have a deal that locks in many of the old rules that have driven farmers out of agriculture for more than two decades."

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