The man’s 2 year effort to extract money from everybody else for trading with America has been a failure so far…
President Trump has no signed agreements with Canada, Mexico , Asia, Europe or China….
Americans are starting to pay more for imports, American farmers are losing business and some cases foreign companies are making even MORE money on American exports….
Donald Trump’s ineptness is screwing his country….
And he keeps pressing on as Congress and the world watch’s….
President Trump is in a trade mess.
His new trade deal to replace the 1994 North American Free Trade Agreement (NAFTA) is bogged down in Congress with little chance of passing, while the China deal he promised more than a year ago is quickly unraveling.
The administration on Friday increased tariffs on $200 billion in Chinese goods, raising the prospect of retaliatory measures from China, and Trump is due to make a decision Saturday on whether to place tariffs on automobile imports.
Congressional Republicans are frustrated that the new NAFTA deal, known as the United States-Mexico-Canada Agreement (USMCA), is stalled with little prospect of winning ratification in the Democratic-controlled House. That impasse is coming at a time when negotiations with China are sliding backward, leading to prolonged pain in farm states whose exports have been caught up in the trade war.
“From the agriculture states, states where agriculture is key, the impact is being felt,” said Senate Republican Conference Chairman John Barrasso (R-Wyo.). “People at home are still absolutely with the president, but they’d like to see this come to a conclusion.”
GOP senators this past week pressed Vice President Pence at a private meeting to speed up talks with Speaker Nancy Pelosi (D-Calif.) to get a deal to implement USMCA, which needs congressional approval, and to reach an agreement with China.
“We need to see it done soon. The confidence back home is shaky. Folks are hurting,” Sen. Joni Ernst (R-Iowa), who represents a farm state and is up for reelection in 2020, told The Hill after Tuesday’s meeting….
“Three nations that have long defined themselves as bitter adversaries of the United States — North Korea, Iran and Venezuela — decided this week they could take on President Trump,” the New York Times reports.
“Each one is betting that Mr. Trump is neither as savvy a negotiator nor as ready to use military force as he claims. Each also poses a drastically different challenge to a president who has little experience in handling international crises, has struggled to find the right balance of diplomacy and coercion and has not always been consistent in defining his foreign policy.”…
Note….
One should NOT be surprised given Trump’s business failures that he would mess up on foreign trade also….The scary part is NO ONE is gonna stop him from taking America even further in the hole….