Free trade puts Republican megadonors on collision course with Trump

China-US-TRADE-DIPLOMACY

China-US-TRADE-DIPLOMACY

"There will be enormous pressures on Canada and Mexico not to talk to President Trump".

As President Trump is finding out, trade wars are not easy. And it includes restructuring trade rules with trade allies in such a way that American workers' jobs are not sacrificed so that corporations can make bigger profits, Ms. Wallach says, a demand that liberals have been making for years. Massive trade deficits no longer!'

It is obvious that this act of war is as much a challenge to our trading partners and a threat to our economy as it is a challenge and threat to the current world trading system that we have operated under for the past 70 years.

Trump won the presidency with the help of farm-heavy states like Pennsylvania, Wisconsin, Ohio, and Indiana. Some 84 per cent of its steel exports, worth $9.0 billion, were sent south a year ago, according to Statistics Canada.

The timing of the tariff proposals puts it immediately following Trump's June 12 meeting with North Korean leader Kim Jong-un.

Mexico put tariffs on American products ranging from steel to pork and bourbon today, retaliating against import duties on metals imposed by President Donald Trump and taking aim at Republican strongholds ahead of USA congressional elections in November.

"For better or worse, Mexico has become as much dependent on the USA for the pork that it feeds its people as the US has become dependent on Mexico", said Altin Kalo and agricultural economist with Steiner Consulting Group in Manchester, New Hampshire.

"These tariffs will exact immediate and painful consequences on many American farmers", said Angela Hofmann, deputy director of Farmers for Free Trade. Canadian Prime Minister Justin Trudeau told NBC's "Meet the Press" program in an interview that aired Sunday he sees the imports as "insulting".




United States commerce secretary Wilbur Ross and Chinese vice premier Liu He held talks in Beijing over the weekend, but failed to deliver a joint statement at the end of the meeting.

The trade conflict with the Chinese could escalate in coming months, putting at risk multinational businesses that depend on China to source and sell products.

He has echoed the administration's position that America has gotten the short end of the stick from China.

"We need trade and one of the things we're concerned about is long-term implications that these trade issues will have on our partnerships with Mexico and Canada and other markets", Iowa Secretary of Agriculture Mike Naig, a Republican, was quoted as saying by Reuters news agency. Mexico is a net importers of US steel.

Unmentioned in the document is the detrimental impact that multinational free trade deals like the North American Free Trade Agreement (NAFTA) - now under re-negotiation by the Trump administration - and KORUS have on American jobs, workers, and wages.

Trump-imposed tariffs on steel and aluminum imports have become a central point of contention between the U.S. and other G7 nations heading into a meeting later this week. In theory, taxing items coming into the country (imports) makes people less likely to buy them as they become more expensive.

The network, the most influential conservative entity outside the Republican Party, has clashed with Trump before on trade and immigration.

Mexican President Enrique Peña Niet has been just as critical of the president, calling his attacks on Mexico 'offensive and unfounded'.

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