Originally posted by BlueK
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https://www.bloomberg.com/view/artic...orth-the-price
From what I think about Trump and his free trade antics is he is about as much for free trade as everyone else in practical reality. I don't know all the details of all his deals but I think he uses tariffs to force folks to renegotiate with him/the US. Likely, very little changes perhaps an industry Trump is favoring gets a slightly better deal. Then Trump declares victory.
I don't think Trumps rhetoric reflects what he is doing and I don't think the rhetoric from his critics and detractors reflects what is actually happening.
I also think he is posturing with NAFTA to put the real pressure on China. It will be interesting how that goes down because Chinese culture cannot allow for losing face and neither can Trump's personality. However, Trump and the US have far greater leverage and I think the Chinese realize this.
Then again we do have to deal with upset spouses. LOL! After all the rhetoric of impending trade wars and the return of Smoot-Hawley and depression hysterics we are left with: this is kinda like upsetting your spouse- which is a way bad thing!
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