Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe art of Trump's deals: How the president's trade wars could lead to another Great Depression
https://www.rawstory.com/2018/06/art-trumps-deals-presidents-trade-wars-lead-another-great-depression/. . . Now, hes begun running the countrys foreign policy in the same personalized, take-no-prisoners, youre-fired style. From the moment he hit the Oval Office, hes made it clear at home and abroad that its his way or the highway. If only, of course, it really was that simple. What he will learn, if learning process and President Trump can even occupy the same sentence, is that firing Canada, the European Union (EU), or for that matter China has a cost.
What the American working and the middle classes will see (sooner than anyone imagines) is that actions of his sort have unexpected global consequences. They could cost the U.S. and the rest of the world big time. If he were indeed emperor and his subjects (that would be us) grasped where his policies might be leading, they would be preparing a revolt. In the end, they again, thats us will be the ones paying the price in this global chess match.
The art of Trumps deals
So far, President Trump has only taken America out of trade deals or threatened to do so if other countries dont behave in a way that satisfies him. On his third day in the White House, he honored his campaign promise to remove the U.S. from the Trans Pacific Partnership, a decision that opened space for our allies and competitors, China in particular, to negotiate deals without us. Since that grand exit, there has, in fact, been a boom in side deals involving China and other Pacific rim countries that has weakened, not strengthened, Washingtons global bargaining position. Meanwhile, closer to home, the Trump administration has engaged in a barrage of NAFTA-baiting that is isolating us from our regional partners, Canada and Mexico.
Conversely, the art-of-the-deal aficionado has yet to sign a single new bilateral trade deal. Despite steadfast claims that he would serve up the best deals ever, we have been left with little so far but various tariffs and an onslaught against American trading partners. His one claim to bilateral-trade-deal fame was the renegotiation of a six-year-old deal with South Korea in March that doubled the number of cars each U.S. manufacturer could export to South Korea (without having to pass as many safety standards).
. . .
In the past four months, Trump has imposed tariffs, exempting certain countries, only to re-impose them at his whim. If trust were a coveted commodity, when it came to the present White House, it would now be trading at zero. His supporters undoubtedly see this approach as the fulfillment of his many campaign promises and part of his classic method of keeping both friends and enemies guessing until hes ready to go in for the kill. At the heart of this approach, however, lies a certain global madness, for he now is sparking a set of trade wars that could, in the end, cost millions of American jobs.
What the American working and the middle classes will see (sooner than anyone imagines) is that actions of his sort have unexpected global consequences. They could cost the U.S. and the rest of the world big time. If he were indeed emperor and his subjects (that would be us) grasped where his policies might be leading, they would be preparing a revolt. In the end, they again, thats us will be the ones paying the price in this global chess match.
The art of Trumps deals
So far, President Trump has only taken America out of trade deals or threatened to do so if other countries dont behave in a way that satisfies him. On his third day in the White House, he honored his campaign promise to remove the U.S. from the Trans Pacific Partnership, a decision that opened space for our allies and competitors, China in particular, to negotiate deals without us. Since that grand exit, there has, in fact, been a boom in side deals involving China and other Pacific rim countries that has weakened, not strengthened, Washingtons global bargaining position. Meanwhile, closer to home, the Trump administration has engaged in a barrage of NAFTA-baiting that is isolating us from our regional partners, Canada and Mexico.
Conversely, the art-of-the-deal aficionado has yet to sign a single new bilateral trade deal. Despite steadfast claims that he would serve up the best deals ever, we have been left with little so far but various tariffs and an onslaught against American trading partners. His one claim to bilateral-trade-deal fame was the renegotiation of a six-year-old deal with South Korea in March that doubled the number of cars each U.S. manufacturer could export to South Korea (without having to pass as many safety standards).
. . .
In the past four months, Trump has imposed tariffs, exempting certain countries, only to re-impose them at his whim. If trust were a coveted commodity, when it came to the present White House, it would now be trading at zero. His supporters undoubtedly see this approach as the fulfillment of his many campaign promises and part of his classic method of keeping both friends and enemies guessing until hes ready to go in for the kill. At the heart of this approach, however, lies a certain global madness, for he now is sparking a set of trade wars that could, in the end, cost millions of American jobs.
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
2 replies, 624 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (6)
ReplyReply to this post
2 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
The art of Trump's deals: How the president's trade wars could lead to another Great Depression (Original Post)
CousinIT
Jun 2018
OP
trump and his advisors live in delusion that the world can not operate without America
beachbum bob
Jun 2018
#1
beachbum bob
(10,437 posts)1. trump and his advisors live in delusion that the world can not operate without America
its a 1950s carry the bigstick mentality. nothing america exports cant be replace by another country. the move towards isolationism is a basic conservative premise...
and exactly what putin wants to happen
uponit7771
(90,347 posts)2. Just what Putin ordered