A NO-WIN FOREIGN POLICY
It’s clear that President Trump’s “America First” policy does not produce a “win-win” outcome for it and other world trading partners…at least, it has not been proven, yet.
So far, he’s only been successful in tearing up prior agreements related to the Trans Pacific Partnership, the Paris Climate Agreement, the Iran JCPOA, and has threatened to tear up the NAFTA with Canada and Mexico.
Although he is in current trade talks with China, he has not been successful in negotiating a new trade agreement with Canada and Mexico, nor has he been successful in negotiating any other bi-lateral or multi-lateral agreement that I’m aware of, including a peace agreement between Israel and the Palestinians.
In fact, he has exacerbated tensions in current NAFTA negotiations by slapping hefty and punitive steel and aluminum tariffs on these two closest trading allies, as well as on the European Union…under the guise of “national security” concerns. (more…)