Bloomberg has a short Trump-whisperer item on the President's supposed impatience with negotiations to "update" the North American Free Trade Agreement.
Trump’s Impatience Emerging as Biggest Threat to Nafta Agreement
Some of you may have read the earlier report in which he instructs General Kelly that he "wants tariffs" ... while his weepy loser staff won't bring him tariffs.
That report could be 100% shit, and since said tariffs were to be imposed on China, not perhaps pertinent. The Bloomberg story could be shit too, yet the President has been clear since the campaign that NAFTA is the shittiest deal the USA has ever signed.
The upshot of the story is his purported wish to withdraw from the trade deal. That kind of talk gets Canadians antsy, since these are among the biggest trade flows on the planet, somewhere around the trillion dollar mark. Or so the could-be-lying bean counters tell us.
Whither NAFTA and the USA-Canada relationship? I don't believe Trump wants to punish Canada as much as he does Mexico, but in the end, why not? Why not punish Canada for fucking you guys over?
This is a boring topic, trade between the two giant geographies, and my belief that compromise will occur may turn out to be falsified.
Quote[Trump's] threats to blow up the talks could figure prominently.
Since the first round of discussions wrapped up Aug. 20, Trump has threatened to withdraw from Nafta four times -- during speeches in Arizona and Missouri, in a Twitter post and at a news conference with the Finnish president. While Mexican officials have dismissed the comments as a scare tactic that could also be aimed at energizing Trump’s anti-trade supporters, the threats are a reminder of the significant leverage that a president holds to scuttle the $1.2 trillion trading area. A party can withdraw with six months’ notice.
Trump’s tone contrasts with the generally polite and constructive atmosphere among negotiators in the early stages, according to two people taking part in the private discussions who asked not to be identified. Still, the mood could change quickly when officials start moving from exchanging proposals to bridging differences. On a personal level, many of the negotiators have known each other for years and brokered deals in the past, the two people said.
Is Bloomberg under the giant umbrella FallSnooze?
Zzzzzzzzzz ...
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