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But what could have been expected from the man who claimed that he would construct a wall on the Mexican border? I'm all for combating illegal immigration, but by the time the wall is up, the Americans will be the ones jumping over.
Anyway, in his presidential campaign, Trump criticized Obama for signing deals which were not beneficial to the United State. He was vocal about it and one of those deals was the North Atlantic Free Trade Agreement (NAFTA). I understand Trump's frustration that this deal may not be great for the Americans, but he certainly isn't going to come up with a better one if he imposes tariffs on Canada and Mexico. Canada has been a long-term friend of the United States, and the tariffs will only derail the talks. To make matters worse, Trump has justified this as a matter of "national security," and in his phone conversation with Canadian Prime Minister, Justin Trudeau, he mentioned the 1812 War, claiming that it were the Canadians who set the White House on Fire.
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But Canada and Mexico are not the only countries suffering the consequences of Trump's whimsical nature. From these countries, Trump may get the terms he likes, but the things will be much more challenging with China. China and the USA are the two strongest economies of the world and the ongoing trade war is taking its toll. However, the hostilities between these two countries are expected since China has been confronting American dominance for a while.
To make matters worse, Donald Trump declared a trade war on Europe. I get the idea that he wants to weaken his enemies, but why is he imposing tariffs on every country, nemesis or ally? Every American President was working for the benefit of the country, and I am not buying the idea the Trump's predecessor would sign such terrible deals. The only reason I see to be valid is that Trump wants to send a message to those who oppose his will: "If we do this to our allies, it will be much worse for our enemies." But with the trade wars reaching Europe, America is only encouraging the populist wave which threatens to swallow Europe.
Despite multiple trade wars, Trump is winning. He sticks by his promises he made in the presidential campaign, saying that he would rework those deals. He puts "America First" and this is what such policy looks like. Personally, I don't see how this is beneficial to anyone involved. Not that the countries involved had a choice. While Canada and Mexico announced counter-tariffs, the European countries are more careful.
What do you think will happen? Is Trump going to pull this off and make better deals for the USA, or will he back away?