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Reuters: Trump says he might not renew USMCA (www.reuters.com)
submitted 5 months ago by to c/canada@lemmy.ca
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June 10, 202612:07 PM EDT:

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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[–] 3 points 5 months ago (4 children)

would either of you care to share unbiased evidence supporting your statements?

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  • [–] 1 point 4 months ago (2 children)

    The World Inequality Database. I'd do a TL;DR, but I'd be reinventing the wheel.

    It's important to know this is about wealth, while @avidamoeba@lemmy.ca is going by income. If you're out to defend China, you could say sure, they own less and less but the government will look after them, and make sure wages stay high. If that's a good bet in light of history is another question.

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  • [–] 2 points 4 months ago (1 child)

    Thank you. This is interesting information.

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  • [–] 1 point 4 months ago* (last edited 4 months ago)

    No problem! Glad to hear someone else appreciates it the same way.

    One explanation would basically be cronyism in a country where there's endemic corruption and the government intervenes a lot, and however it wants. It's a pretty classic story from economies all over.

    The funny thing about that is that the CCP actually tends to leave certain sectors alone, more than the West even would. It's like a hybrid Confucian/Maoist thing where they don't want to concern themselves with the merchant class. (All I have for evidence on that one is hearsay, sorry)

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