One of the many fronts that Donald Trump wanted to extract more money from other countries is working the way he was trying to sell it….
This one is with Canada and Mexico….
Trump’s tariff changes with Europe and Asia are costing Americans MORE money and actually helping those countries make MORE money…
Deal maker?
Donald Trump isn’t much of so far….
President Trump and senior White House officials are working to salvage political support for a revised trade pact with Mexico and Canada, stunned by bipartisan blowback that appeared likely to scuttle a key initiative.
Several Democrats said Trump put on a charm offensive Tuesday during a White House meeting, soliciting their feedback on what he would need to do to win their support for an updated version of the North American Free Trade Agreement.
It was much different from the antagonistic approach he has taken with Democrats in recent weeks while they ramp up investigations into his finances and businesses. White House officials have said that Trump really wants the Canada-Mexico trade deal to be successful and that he knows he needs support from Democrats to achieve this.
“I think if you leave the White House today, the tone of the conversations were pretty good,” said House Ways and Means Committee Chairman Richard E. Neal (D-Mass.), who is locked in a separate battle with the White House over accessing Trump’s tax returns.
Trump’s new courtship of Democrats on trade came as he is simultaneously trying to prevent Republicans from bolting. A number of Republicans have objected to Trump’s hardball tactics in the trade talks and want him to start offering Canada and Mexico immediate concessions…..
Mexico became the first nation to ratify the U.S.-Mexico-Canada trade deal on Wednesday with little opposition within the Mexican Senate, reports Politico.
Details: The new North American free-trade agreement may not be in its final format as House Democrats demand changes to the deal regarding enforcement, labor, the environment and drug pricing, per Politico. Mexico must sign off on any future changes.
Some Democrats and labor unions are concerned that Mexico may be unable to fulfill the labor requirements.
Mexican officials hope passing the trade deal will alleviate trade tensions they’ve felt since President Trump took office, reports the Washington Post.
What’s next: The ratification process moved quickly in Mexico, but is likely to face a slower procedure in the U.S. and Canada….
More….
Please explain how you think Trump’s trade polices are good for Asia and Europe – or was that a typo?
Countries like Viet nam are getting MORE business as some companies begin to move their production FROM China….
I did post here that pointed to the fact that some European metal’s manufacters are actually get more business….
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Congratulations to companies from South Korea, Japan and Taiwan. You did nothing, but you are all winners. Don’t forget to send a thank you note to Mr. Trump, for all the new jobs he’s about to create in your countries….More…
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trade wars also create opportunities for companies and sectors in third countries. One might see European agriculture exports to China increase, for example, as they replace products once sourced from the U.S., and European companies manufacturing consumer goods could benefit from rising export opportunities in America.
But the trade war also offers Europe a far larger opportunity. Under pressure from the U.S., Beijing is set to be more open to making new allies….
More…
Most things Trump touches turn to shit….