I posted a blog item nearly two years ago wondering if Donald Trump knew a damn thing about trade policy.
My conclusion, based on what I understood from a speech he gave in Bangor, Maine, was that he was clueless.
I must maintain that conclusion today.
https://highplainsblogger.com/2016/06/incoherence-on-trade-policy/
Now that he is president of the United States, Trump has decided to impose steep and punishing tariffs on imported goods from two of our nation’s most vital trading partners: Canada and Mexico.
The Republican president has trashed the North American Free Trade Agreement, which includes the United States and, yes, Canada and Mexico. NAFTA was intended to forgo the kind of protectionist tariffs that governments impose on other nations.
The concept of “free trade” is to allow goods and commodities to flow among participating countries. To that end, I long have believed NAFTA was doing as it was intended.
Yet the president took office after promising to re-do NAFTA. I don’t know the basis of his disagreement with the agreement, except that he says the United States is wallowing in some sort of deepening “trade deficit” with our primary trading partners.
Now he’s calling Canada — Canada, I tell ya! — a threat to our “national security.” Does this guy, the president, know anything — about anything?
Two years ago, in Maine, Trump told us he favored free trade; then in the same speech, he said he opposed it.
His nonsensical approach to trade has not abated one bit now that he has taken an oath to serve as the head of state of our great nation.
This is what we acquired when Donald Trump got elected?
Holy cow, man!