4.5 • 705 Ratings
🗓️ 5 December 2019
⏱️ 10 minutes
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0:00.0 | Welcome to Access ProRata, where we take just 10 minutes to get you smarter on the collision of tech, business, and politics. |
0:12.2 | I'm Dan Pramack. On today's show, D.C. turns its attentions to kid tech, and Elon Musk hits the stand. |
0:18.5 | But first, the future of free trade. |
0:21.2 | So when President Trump isn't tweeting about how Democrats are engaged in a witch hunt against him, |
0:25.8 | he's tweeting about how Democrats are refusing to pass something called the USMCA, |
0:30.7 | a giant trade bill with Mexico and Canada that's designed to replace NAFTA. |
0:35.3 | So three things to know about the USMCA. |
0:37.5 | First, Trump is right about Democrats refusing to pass it, at least so far. |
0:41.9 | Nancy Pelosi has indicated a willingness to eventually bring a vote, but first has been |
0:46.2 | engaged in months and months of negotiations with the White House over increasing the |
0:50.7 | agreements environmental and labor enforcement provisions. And then yesterday, she added a request that in clause about extending U.S. online content protections |
1:00.0 | be stripped from the final bill, in part because she might want to have them repealed stateside as well. |
1:06.0 | Number two, what Trump doesn't mention is that Mexico is also balking a bit. |
1:10.0 | Yeah, the Mexican Senate voted to ratify USMCA over the summer, but in Mexico that was |
1:15.2 | more a starting point than an endpoint, and it is concerned particularly about some of |
1:19.9 | the changes requested by Democrats. |
1:22.2 | Number three, USMCA is long, with lots of provisions, but like NAFTA, it's mostly about |
1:27.2 | ensuring the free flow of goods between the three countries. |
1:30.3 | Big changes from NAFTA are rules around autos, particularly in terms of minimum wages for workers and the originating source of components, |
1:36.3 | rules around dairy, with U.S. farmers getting more access to the Canadian market, and rules around intellectual property, |
1:43.3 | including longer protections on branded |
1:45.2 | drugs from generic competition. |
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