Wednesday, April 26, 2017

HOT Trump Considering Withdrawal From NAFTA via Executive Order




The Trump trade insanity continues.

The Trump administration is considering an executive order withdrawing the U.S. from NAFTA, reports Politico.

A draft order has been submitted for the final stages of review and could be unveiled late this week or early next week, according to Politico sources.

Crazed anti-trade adviser Peter Navarro, the head of Trump’s National Trade Council, drafted the executive order in close cooperation with White House chief strategist Steve Bannon, another bizarre nationalist anti-trader.

Note: NAFTA is a crony trade deal. However, crony trade is better than no trade. If Trump issues this executive order, it would be to limit trade even more. SEE: Free Trade, No Trade, Crony Trade and Trump Trade

-RW 

3 comments:

  1. --- Note: NAFTA is a crony trade deal. However, crony trade is better than no trade. ---

    Even crony trade helps those who are not cronies. But Trumpistas don't want trade (they hide their hostility towards trade by throwing the "trade should be 'fair'" smokescreen) they want nation-centered socialism, that is an americanized version of Juche.

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    1. Yep. As contemptible as the crony elites are, in the end they're really just parasites who want and need to skim off the top of the productive world economy. The Trumpers, by contrast, would burn it all down in the name of their pseudo-religious ethno-nationalism.

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  2. Seems like another negotiating tactic. We shall see.

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