Stockman on U.S.-Mexico Trade Deal: ‘Great Big PR Stunt,’ ‘NAFTA Was Never a Problem’

‘This will not do a lot for American economy or workers’

RUSH EXCERPT:

CAVUTO: "All right. Without even knowing the details the market liked this trade deal that we have apparently with Mexico. Only with Mexico right now. Canada we’re told down the road but that tells you something about the market’s thinking now. Better remove uncertainty of escalating trade war, than get certain deals — details of to stop the trade war. Former Reagan budget David Stockman. What do you think of it."
STOCKMAN: "This is pr stunt. Mexican workers raised to $16 an hour. Spend lobbyists time and consultants time, exactly 45% of the content of a 5,000-pound with 30,000 parts was made in Mexico or the United States. And whether, over $16 an hour and whether 75% was made in Mexico or the United States." 
CAVUTO: "That is the idea behind this, right? We have more North American control."
STOCKMAN: "This isn’t going to be, this isn’t MAGA. This will not do a lot for American economy or workers. In fact NAFTA was never a problem. The whole thing is a phony issue. The big problem with trump he has a deficit totally out of control, 10 years into a recovery, slamming up against —" 

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