The biggest, and most common, lie in trade discussion:
…. “China is not in NAFTA”
Yes they are.
Because of the stupid way it was created, any country that trades with Mexico or Canada is effectively in NAFTA.
Canada and Mexico are *NOT* demanding higher content of Canadian and Mexican auto parts, they are arguing for higher content of Chinese auto parts. Why? If NAFTA was structured to help Mexico, Canada and U.S. why would Can/Mex be demanding more Chinese auto parts? This Can/Mex demand encompasses *total content*: including steel, metals, plastics and electronics. The Can/Mex teams are demanding higher content of Chinese parts. The U.S. team is demanding higher content of North American parts. Why would Canada and Mexico be fighting to allow more Chinese and Asian parts in vehicles? If you accept the Wall Street Journal, Fox, and U.S. Chamber of Commerce narrative on NAFTA trade the position of Can/Mex doesn’t make sense.
…. And the fatal flaw does not just apply to auto-parts, it’s everything.
Including FOOD for final processing.