Donald Trump’s typical ‘go hard’ attempts at deal making is causing worries for all those involved in trade within the US and abroad…..
In typical Trump fashion?
No one…Except HIM will know make a final decision on all this which could result in price increases in goods for American consumers, and foreign consumers of American products….In addition?…If this goes on for a while?
People are gonna lose jobs and American manufactures will lose market share as other countries turn elsewhere for certain products….
On top of all of this disfuction that won’t bother Trump?
Republicans lawmakers are gonna be in for soem VERY mad business owners that get the ‘hurt’ from the instability and backlash from Trump’s actions….
The Chinese have already indicated that they are up for the fight on this…..
….with only days left before the exemptions expire and punitive tariffs take effect, it’s dawning on foreign leaders that decades of warm relations with the United States carry little weight with a president dismissive of diplomatic norms and hostile toward the ground rules of international trade.
What began as a way to protect American steel and aluminum jobs has since become a cudgel that the Trump administration is using to extract concessions in other areas, including car exports to Europe or negotiations to revise the North American Free Trade Agreement with Mexico and Canada.
As a May 1 deadline looms, the decision on whether to grant permanent exemptions to the steel and aluminum tariffs, and to whom, appears likely to come down to the whims of President Trump, who has seesawed between scrapping and rejoining global trade deals.
The European Union, the United States’ biggest trading partner, indicated over the weekend that it was losing hope of reaching an agreement in the face of what many of the region’s political leaders regard as unreasonable demands. While a last-minute extension of the deadline is still possible, Chancellor Angela Merkel of Germany and President Emmanuel Macron of France, who each met with President Trump in Washington last week, spoke with Prime Minister Theresa May of Britain over the weekend about enacting retaliatory tariffs if the European Union did not receive an exemption…..