So, according to media reports, the US is playing hardball on NAFTA and President Trump suggests (according to CBC News) that, no matter what, “he thinks the U.S. will “end up probably terminating” the North American Free Trade Agreement with Canada and Mexico “at some point” … [because] … “Personally, I don’t think we can make a deal because we have been so badly taken advantage of.”“
I wonder if he’s forgotten (or even understood) that underneath NAFTA there is (and will remain) a Canada-USA free trade agreement. And remember these graphics …
… millions of Americans need free(er) trade with Canada to preserve their jobs and pay their mortgages; free(er) trade is not a one way street … just because President Trump is a fool does not mean that his most senior officials, state governors and members of the congress are, too. Free trade is good for America and the majority of Americans, and those with more brains than the gods gave to green peppers know it.
It is no matter, really … NAFTA or no Canada and the USA will remain each other’s biggest and best trading partners. Most tariffs are already at or near zero … the real key to real progress in free(er) trade lies in the non-tariff barriers, on both sides.
In any even, it may be time to hit the “pause” button on free(er) trade with the USA and focus more on making deals with Asia (the RCEP or a revived TPP), Britain, China and India. We need someone in Washington whom we can deal: President Trump is neither rational nor interested in doing what’s best for his country … he is fascinated with his own (often, usually, foolish) notions of what’s good and bad. Perhaps we just need to wait until the White House is, once again, occupied by an adult member of our species.