I think we know where that unused Superman cape that Barack Obama lost. President Donald Trump wears it like a Krytonian rock star.
To say that President Trump has hit the ground running is an understatement. This guy is en fuego.
Another campaign promise is off the checklist.
After ObamaCare and immigration, trade policy was discussed in ways that even the average American understood it. Because of then-candidate Trump, Americans learned that we were getting screwed on trade.
Post-election, Trump hit the transition by saving the jobs at Carrier, then warning Boeing and Lockheed that they have fallen under the watchful eye of Trump, and were on “Twitter-watch.”
Corporations who had planned to move jobs overseas quickly took note, and shifted course. Many others we may never hear about have chosen the same course of action.
Their management teams now understand that Trump was not joking in the least. He will implement pro-business policies, and he expects them to put America First.
Now, he’s following through on a key Trump campaign promise: to renegotiate the trade deals.
According to Reuters:
U.S. President Donald Trump said on Sunday he plans talks soon with the leaders of Canada and Mexico to begin renegotiating the North American Free Trade Agreement.
“We will be starting negotiations having to do with NAFTA,” Trump said at a swearing-in ceremony for his top White House advisers. “We are going to start renegotiating on NAFTA, on immigration and on security at the border.”
NAFTA, which took effect in 1994, and other trade deals became lightning rods for voter anger in the U.S. industrial heartland states that swept Trump to power this month.
Trade experts, academics and government officials say Canada and Mexico will also seek tough concessions and that NAFTA’s zero-tariff rate would be extremely difficult to alter. Any renegotiation would likely take several years, they say.
I love how they believe these will be “extremely difficult.” Apparently Reuters reporters are used to dealing with Obama, when it comes to negotiating deals.
Recall how difficult Obama said saving Carrier would be, as he asked if Trump had a “magic wand!”
Trump said he would be meeting with Canadian Prime Minister Justin Trudeau and Mexican President Enrique Pena Nieto to begin work on overhauling the deal. He praised Pena Nieto, who has faced low popularity in Mexico due to corruption scandals and rising inflation.
That’s Trump-speak for, “This deal is wired.”
When you have 25 percent of the world economy to bring to the negotiation table, things get a lot easier. I’m not sure what Trump has in store for Canada, but I suggest Mexico begin figuring out how to pay for that wall.
According to United States Trade Representative,
Mexico is currently our 3rd largest goods trading partner with $531 billion in total (two way) goods trade during 2015. Goods exports totaled $236 billion; goods imports totaled $295 billion. The U.S. goods trade deficit with Mexico was $58 billion in 2015.
Based on these numbers, Mexico’s economy has benefited more than the United States’ economy. And you can expect to find that 2016 was worse on America.
Canada was a bit more in line, but still favored the Canucks.
Canada is currently our 2nd largest goods trading partner with $575 billion in total (two way) goods trade during 2015. Goods exports totaled $280 billion; goods imports totaled $295 billion. The U.S. goods trade deficit with Canada was $15 billion in 2015.
It’s time America get more for our money than some good ice skaters and more refined Tequila. Trump will see to this, and you can bet America First will be his sole priority.
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