David Stockman on Mexico Trade Deal: ‘It Will Bring Some Jobs from China to Mexico’

McDOWELL: "Joining me, advisor to president Reagan, David Stockman. The market for the most of part had been impervious to all the tensions as they have been rising going into this year."
STOCKMAN: "I think the market has its head in the sand in terms of the overall thrust of protectionism coming from Trump. On the other hand, this whole thing about NAFTA is much ado about nothing. There wasn’t anything wrong with NAFTA, and what’s going on now is negotiations because Trump wants to have some kind of big P.R. stunt. The fact is what we have on the table will help Mexican workers get $16 an hour. It will bring some jobs from China to Mexico to make auto parts to send north. We’ll raised the cost of you a toes and cars to American consumers and will be a real windfall for what I call the trade nanny in Washington who will be business ing look at 30,000 auto parts for cars and ballistics and glass to see if 45% was made at $16 an hour or more and 75% was made in north America."