I am not nor have been a Trump fan (although I did vote for him because he was the lesser of two evils). But I will say that I do like one thing about Trump and that is the fear the world has about him. Tyrants have no idea what he will do. World leaders have no idea what he will do.
But we are the big boy on the block and they have to play nice. They need us far more than we need them. It is a little similar to when Reagan entered office. He scared the heck out of a lot of world leaders, particularly communist leaders.
I think Trump will extract better deals in every trade arrangement. I think the Chinese will no longer be able to devalue their currency just to improve their exports. They will moan and cry, but what choice to they have? They have leverage because they hold so much debt. But are they really going to destroy that value by selling US debt, lowering bond prices and hurting themselves financially?
It will be interesting to see how the Mexicans react to a NAFTA renegotiation. BTW, the GOP elite hate this. Absolutely hate this as does the U.S. Chamber of Commerce.
https://www.yahoo.com/news/canada-pm-trudeau-says-ready-renegotiate-nafta-trump-165713892.html
But we are the big boy on the block and they have to play nice. They need us far more than we need them. It is a little similar to when Reagan entered office. He scared the heck out of a lot of world leaders, particularly communist leaders.
I think Trump will extract better deals in every trade arrangement. I think the Chinese will no longer be able to devalue their currency just to improve their exports. They will moan and cry, but what choice to they have? They have leverage because they hold so much debt. But are they really going to destroy that value by selling US debt, lowering bond prices and hurting themselves financially?
It will be interesting to see how the Mexicans react to a NAFTA renegotiation. BTW, the GOP elite hate this. Absolutely hate this as does the U.S. Chamber of Commerce.
https://www.yahoo.com/news/canada-pm-trudeau-says-ready-renegotiate-nafta-trump-165713892.html