Why the Impeachment Inquiry Makes USMCA Ratification More Likely

The video discusses the impeachment inquiry's limited impact on markets, as historical precedent suggests conviction is unlikely. It explores how impeachment might influence trade agreements like USMCA, with Speaker Pelosi potentially using it to protect vulnerable Democrats. The video also addresses the risk of a government shutdown due to disagreements over border funding, highlighting the political dynamics at play.

What is the primary reason markets are not overly concerned about the impeachment inquiry?

• The President is likely to be convicted by the Senate.

• The House has not yet voted on impeachment.

• Impeachment has never happened before in history.

• Markets assume impeachment is a partisan issue unlikely to lead to conviction.

How might the impeachment inquiry affect the USMCA and NAFTA ratification?

• It will delay the ratification process indefinitely.

• It increases the likelihood of ratification as Democrats seek political cover.

• It will lead to the cancellation of the USMCA.

• It has no impact on trade agreements.

What is a significant factor that could influence the progress of the USMCA?

• The economic performance of Mexico.

• The outcome of the next presidential election.

• The stance of organized labor groups like the AFL-CIO.

• The level of public support for the agreement.

What is the main concern regarding government funding discussed in the video?

• The inability to pass any appropriations bills.

• The potential for another government shutdown over border funding.

• The disagreement between Speaker Pelosi and Majority Leader McConnell.

• The lack of agreement on broader spending levels.

What has Speaker Pelosi declared as non-negotiable in the government funding discussions?

• Border funding for Mexico and the US.

• Increased military spending.

• Healthcare reform funding.

• Education budget increases.