Trump links tariff relief for Canada, Mexico to NAFTA talks

 

COGwriter

US President Donald Trump is sending a message that if Canada and Mexico want to avoid his latest tariff proposals, they need to renegotiate NAFTA.  First here are two of his tweets:

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Notice also the following:

Trump links tariff relief for Canada, Mexico to NAFTA talks

March 5, 2018

WASHINGTON (AP) — President Donald Trump said Monday that North American neighbors Canada and Mexico will get no relief from his new tariffs on steel and aluminum imports unless a “new and fair” free trade agreement is signed.

The Trump administration says the tariffs are necessary to preserve the American industries — and that doing so is a national security imperative. But Trump’s latest tweets suggest he’s also using the upcoming tariffs as leverage in ongoing talks to revise the North American Free Trade Agreement. The latest round of a nearly year-long renegotiation effort is concluding this week in Mexico City.

“Tariffs on Steel and Aluminum will only come off if new & fair NAFTA agreement is signed,” Trump tweeted. “Also, Canada must treat our farmers much better. Highly restrictive. Mexico must do much more on stopping drugs from pouring into the U.S. They have not done what needs to be done. Millions of people addicted and dying.”

The tariffs will be made official in the next two weeks, White House officials said Monday, as the administration defended the protectionist decision from critics in Washington and overseas.

Speaking on “Fox and Friends,” White House trade adviser Peter Navarro said: “25 percent on steel, and the 10 percent on aluminum, no country exclusions — firm line in the sand.” …

Tim Phillips, president of the Koch Brothers-backed Americans for Prosperity, noted that Trump narrowly won in Iowa and Wisconsin, two heavily rural states that could suffer if countries impose retaliatory tariffs on American agricultural goods.

“It hurts the administration politically because trade wars, protectionism, they lead to higher prices for individual Americans,” Phillips said. “It’s basically a tax increase.”

https://www.apnews.com/30444b00e74c4670a1ef98f2bdd3bb8b/Trump-links-tariff-relief-for-Canada,-Mexico-to-NAFTA-talks

As it turns out, these tariffs look to be more of a potential problem for Canada than Mexico.

Consider the following as reported by Voice of America:

The top five exporters of steel to the United States are:

1. Canada
2. Brazil
3. South Korea
4. Mexico
5. Russia

The top four exporters of aluminum to the U.S. are:

1. Canada
2. Russia
3. United Arab Emirates
4. China

Canada has about 1/2 the population of Mexico, and exports more steel and much more aluminum to the USA than Mexico does.

So, Canada would seem to be more motivated to renegotiate NAFTA in a manner that Donald Trump would agree to than perhaps Mexico.

Notice something I wrote back in 2008:

The Brits will ultimately decide that they are more supportive of the Americans and Canadians. They will be so much more supportive that they will end up in a trading agreement with them (with the Australians and New Zealanders probably also becoming part of that agreement).

The EU will decide that Mexico and the rest of Latin America are in more agreement with it and thus make some type of serious trading agreement with most (or all) of Latin America. The Vatican will also have influence here as Latin America is highly Roman Catholic. (Thiel B. A Combined EU & North American Trade Block Coming? COGwriter.com, March 3, 2008)

World events, including matters being pushed/promoted by US President Donald Trump are aligning with what we have been telling readers of this COGwriter Church of God News page for many years.

If you can see this, are you doing what you should be doing?

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