@ForeignAffairs Gets into fantasy when it’s pretending that the Trump admin is somewhat embracing a policy of consolidation. Greenland, Venezuela and maybe Iran help consolidate? Plus degradation of allies is not going to ensure that their recaptured military strength is used to US benefit.
@ForeignAffairs@oren_cass You are out of sync with Trump. Reciprocity was closer to what we had pre Trump, such as with free trade agreements with Canada and Mexico. Trump doesn’t believe in win win.
@ForeignAffairs@oren_cass Most economists think this emphasis on balanced trade is misplaced. People bought Japanese cars in the 1970s because they were much better cars. Should the Japanese and Germans keep to the lower standards of the US ?
@ForeignAffairs@oren_cass Much of the social and financial problems that the US experiences came from its hubris in thinking it could remake the Middle East. This was not the fault of the allies. In fact, the allies - particularly France - warned that this a dumb move.
@ForeignAffairs@oren_cass There are a few errors in this piece besides general arguments being highly debatable. Canada never reduced tariffs in response to Trump’. They added some; then took them off. There was a free trade agreement in place covering most items. Other items outside this were not reduced
@TristinHopper Your article today erroneously compares Australia’s tariff regime with a potential Canada by itself policy and quote someone saying for Canada this would likewise degrade quality. Note that Canada would not insulate itself from the rest of world’s competition like Australia did
@TristinHopper The US car market in less than 20% of the world market. 80% would be open to Canada which would have no tariffs on inputs - even parts from US likely would be tariff free. Plus we have steel, aluminum and energy at lower cost than the Americans.
@atrupar The US only won the war of independence because of the French assistance. They might still be speaking the King’s English with an English accent.
@BeckyQuick interesting speaker doesn’t have clue what Trump’s tariff logic is. If it’s negotiations to free trade what’s the point of tariffs against Canada where trade is free except a few minor areas like dairy. To bring industry back to US would require longterm term tariffs
@steveliesman Canada had an auto industry long before NAFTA. They joined 1965 Canada-US Auto Pact, which led to integration of Canadian and US industries due to concerns of efficiencies of scale. Contrary to what Lutnick and Trump imply Canada didn’t take what was US production.
@DavidABeaudoin I don’t think he ever had to make a payroll. He’s mostly been a civil servant and before that a wall street trader. https://t.co/yhaDe0OK2b