2018-06-25

German Auto Makers First To Relent On Tariffs

Trump is 'crazy'.

He was going to start a nuclear war! Instead, North Korea came to the peace table.

He is starting a trade war! Instead, the EU came to its senses.

Why?

Two reasons. One, the deals in place DID benefit those countries more than the USA. Two, those were trade deals negotiated during the Cold War and had the extra dimension of American military protection built into it.

Now it's time to revisit and examine those deals.

The U.S. is absolutely correct in asking for a do over.