Trump is a globalist now
While you were distracted by Syria and Russiagate, President Trump was busy walking back everything he promised during his campaign regarding trade.
Donald Trump says he’s willing to “renegotiate forever” on Nafta, a threat that comes as his trade office again softens its marquee demand for changes to the auto sector.
...Despite his bluster, the U.S. has softened its negotiating position on the crucial issue of automotive content. American negotiators are now proposing that as much as 75 percent of car components be sourced from the three countries to quality for tariff exemptions under Nafta, down from its initial proposal of as much as 85 percent, according to three people familiar with the matter, who spoke on condition of anonymity because the talks are private. The development was first reported by Inside U.S. Trade.
It’s the latest concession by the Americans on the auto sector. The Trump administration is also said to have proposed tiers that allow more foreign content, while also dropping a demand for 50 percent U.S.-specific content.
President Donald Trump appears to be reversing course on a major multilateral trade deal.
GOP Sen. Ben Sasse, a staunch free-trade advocate, told reporters Thursday that during a White House meeting on Thursday, Trump directed two top economic advisers to reenter negotiations to get the US into the Trans-Pacific Partnership.
...Trump originally trashed the TPP during the 2016 campaign, calling it "a rape of our country." But in January, the president suggested that the US could get back into the deal if terms were improved. But many TPP nations said the White House never engaged in serious talks regarding the deal.
President Donald Trump is willing to reopen negotiations with the European Union over the stalled Trans-Atlantic Trade and Investment Partnership agreement, which stalled following his election, according to U.S. Commerce Secretary Wilbur Ross.
...Trump has lashed out at market-opening initiatives such as TTIP, and during his inauguration speech last year pledged to follow an “America First” economic policy. But as Washington seeks to rewrite its trade relationship with the world, it may have to do so within those same multilateral deals the president loathes.
And the moment he starts bombing Syria, Trump will be a neocon.
By 2020 the Rust Belt states will be back in play politically.