June 10, 202612:07 PM EDT:
WASHINGTON, June 10 (Reuters) - U.S. President Donald Trump said on Wednesday that he might not renew the USMCA free trade deal with Canada and Mexico. Speaking at the White House, the president said he was discussing the matter with Mexican and Canadian leaders.
Reporting by Bo Erickson and Gram Slattery; Editing by Doina Chiacu
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That would be cataclysmic for the economy of all three nations. Truly an unforced error. I really think it’s just bluster though.
So what you’re saying is we should all be preparing for the worst because doing the absolute worst most self-destructive thing possible is exactly what Trump does in almost every circumstance and always has.
Yes regardless of bluster or not we should be divesting from US trade and diversifying with other partners.
He’s saying it because he thinks he can get more concessions from both countries if he threatens to tank the deal.
It’s like negotiating with a terrorist. It is all in bad faith and his goal is to terrorize, not make a deal. His deals are not even worth the paper they are printed on. We should tell them to pound sand, they will only make a deal that is a zero-sum where they are in the positive.
We should primarily not respond to Trump or the US ambassador’s inflammatory remarks and keep finding new trading partners. Any verbal emotion based reaction serves as an excuse for them to do something against our existing trade with them.
It’s not bluster, the moron wants to end free trade with everyone in favour of his tariff regime.
Particularly Mexico. We have options, at least.