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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsAs Trump sabotages free trade, rest of the world forges new trade-alliances that exclude the US.
https://www.nytimes.com/2018/06/27/opinion/trump-tariffs-allies-trade-deals.htmlDiversification is the polite way of saying that Americas friends and allies believe we have become an unreliable partner, and they are now looking elsewhere. From Ottawa to Brussels to Seoul, our trading partners are fed up with the Trump administrations tariffs, and they have given up on trying to charm President Trump or persuade him that free trade is good. To reduce their economic dependence on the United States and their exposure to a potential global trade war, they are forging trade deals that leave us out of the picture altogether.
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The president may want better deals to replace the old, terrible deals he doesnt like, but so far, the rest of the world has been reluctant to negotiate new agreements with the United States. The long and growing list of tariffs, particularly those based on dubious national security grounds, has weakened the administrations ability to form coalitions with other countries to tackle legitimate concerns, especially Chinas unfair trade practices.
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Regrettably, this leaves the United States on the margins as the rest of the world builds a new trading structure without us. Our workers, farmers and companies will be locked out of important markets. We will lose our chance to help write the rules and set standards for trade in advanced technology, such as alternative-fuel vehicles, 3-D printing and artificial intelligence. Global and regional supply chains will increasingly bypass the United States. And years of efforts by the United States to curb Chinas unfair trade practices will lose critical international support.
...
The president may want better deals to replace the old, terrible deals he doesnt like, but so far, the rest of the world has been reluctant to negotiate new agreements with the United States. The long and growing list of tariffs, particularly those based on dubious national security grounds, has weakened the administrations ability to form coalitions with other countries to tackle legitimate concerns, especially Chinas unfair trade practices.
...
Regrettably, this leaves the United States on the margins as the rest of the world builds a new trading structure without us. Our workers, farmers and companies will be locked out of important markets. We will lose our chance to help write the rules and set standards for trade in advanced technology, such as alternative-fuel vehicles, 3-D printing and artificial intelligence. Global and regional supply chains will increasingly bypass the United States. And years of efforts by the United States to curb Chinas unfair trade practices will lose critical international support.
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As Trump sabotages free trade, rest of the world forges new trade-alliances that exclude the US. (Original Post)
DetlefK
Jun 2018
OP
Trump is clueless. He has no F'en idea what he's doing other than being a loud bag of obnoxious wind!
RKP5637
Jun 2018
#1
RKP5637
(67,112 posts)1. Trump is clueless. He has no F'en idea what he's doing other than being a loud bag of obnoxious wind!
C_U_L8R
(45,019 posts)2. Trump's chaos and destruction
is a huge opportunity for anyone (just not America).
Gak, what a dope.
Hoyt
(54,770 posts)3. This is really going to hurt us. Sad fact is, a number of Democrats were for this not too long ago.
Yonnie3
(17,476 posts)4. I'm recalling articles about Koch brothers and tarrifs
Here is one: https://www.bbc.com/news/business-44366737
Billionaire Koch brothers take on Trump over tariffs
Powerful US billionaire brothers Charles and David Koch are funding a multi-million dollar campaign against President Donald Trump's trade tariffs.
<snip>
The three Koch-backed groups launching the campaign against Mr Trump's tariffs: Freedom Partners Chamber of Commerce, Americans for Prosperity and the LIBRE Initiative, are urging the president to lift the recent tariffs on aluminium and steel imports as well as the proposed tariffs on other imports from China.
<snip>
Powerful US billionaire brothers Charles and David Koch are funding a multi-million dollar campaign against President Donald Trump's trade tariffs.
<snip>
The three Koch-backed groups launching the campaign against Mr Trump's tariffs: Freedom Partners Chamber of Commerce, Americans for Prosperity and the LIBRE Initiative, are urging the president to lift the recent tariffs on aluminium and steel imports as well as the proposed tariffs on other imports from China.
<snip>
I guess 45 doesn't stay bought.