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Worst is that whenever this foolish trade war comes to an end, he is likely to only come up with something barely different from the agreements and tariffs that were already in place, not much different from what we had at the beginning of 2018, call it a huge win and dismiss all the pain and trouble he has caused over the last two years.
That was the pattern with NAFTA 2.0 (or USMCA)... BTW, has that ever been signed?
Edit: Apparently not.
THE GOP FIGHT BLOCKING NAFTA 2.0: The Trump administration has long expected pushback on its new North American trade deal from Democrats. But now it’s Republicans who are throwing down the gauntlet over USMCA.
Senate Republicans who met with Trump at the White House on Thursday warned him that his top legislative priority isn’t going anywhere unless he removes steel and aluminum tariffs on Canada and Mexico, POLITICO’s Burgess Everett and Marianne LeVine report.
“I don’t think there are going to be 51 votes to pass it with the tariffs still outstanding,” said Sen. John Cornyn (R-Texas). “So as a practical matter, that’s a reality we’re all going to have to deal with.”
Worst is that whenever this foolish trade war comes to an end, he is likely to only come up with something barely different from the agreements and tariffs that were already in place, not much different from what we had at the beginning of 2018, call it a huge win and dismiss all the pain and trouble he has caused over the last two years.
That was the pattern with NAFTA2... BTW, has that ever been signed?
"today we agreed to sign a end to the trade war and end the 25% tariffs I imposed"
There’s a number being whispered among stock market traders, and the whispers just got a little louder.
The number: 2,770.
That’s the level where the tumbling S&P 500 Index would trigger a closely watched sell signal, potentially setting off a broader alarm, selling pressure and further falls.
Worst is that whenever this foolish trade war comes to an end, he is likely to only come up with something barely different from the agreements and tariffs that were already in place, not much different from what we had at the beginning of 2018, call it a huge win and dismiss all the pain and trouble he has caused over the last two years.
That was the pattern with NAFTA 2.0 (or USMCA)... BTW, has that ever been signed?
Edit: Apparently not.
THE GOP FIGHT BLOCKING NAFTA 2.0: The Trump administration has long expected pushback on its new North American trade deal from Democrats. But now it’s Republicans who are throwing down the gauntlet over USMCA.
Senate Republicans who met with Trump at the White House on Thursday warned him that his top legislative priority isn’t going anywhere unless he removes steel and aluminum tariffs on Canada and Mexico, POLITICO’s Burgess Everett and Marianne LeVine report.
“I don’t think there are going to be 51 votes to pass it with the tariffs still outstanding,” said Sen. John Cornyn (R-Texas). “So as a practical matter, that’s a reality we’re all going to have to deal with.”
Last I heard the steel tariffs to Mexico and Canada WERE removed in response to the GOP demands.
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Some people actually believe Donald Trump is entitled to take full credit any time the market goes up, yet bears zero responsibility when it goes down.
Again, this position that a ~1.5% dip is a "rough day" seems a bit over blown.
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