Tuesday, March 27, 2018

Korean trade deal

All of this comes from the Last Refuge, a must-read, in my view for anything Trump-related.

Their perspective is that Trump threatened broad tariffs across the board to equal things out, to stop having America be the whipping boy for global trade to the advantage of everyone else. Absolutely everyone has their hooks in us. This caused a major freakout from the globalists who worked so hard to have this distorted system in place. Then, one-by-one, Trump is re-negotiating trade agreements with nations individually. A major disruption to agreements between nations (sometimes working in concert against the best interests of the U.S.) with Trump at the controls of realignment. The climate agreement, for example. Without the U.S. to gang rape the whole agreement dissolves.

Korea is case in point. Trump agrees to drop tariffs on steel from Korea when Korea allows double its import of American-made vehicles. The trade war was already on. Trump only threatened to actually fight that war and got concessions closer to actual free trade.

Globalists say "free trade" a lot in their arguments, when they mean "highly controlled trade ... by us."  Trump is taking that away from them, and they're mad as hell.

Sundance goes further, and this really is clarifying.
The world is taking notice, and China is now beginning to signal their understanding of President Trump leading the international discussion of reciprocal trade. 
The unspoken background is that all nations, who have acquiesced to the overwhelming demands of China’s trade position, are now beginning to reassess the value of President Trump confronting the equation head-on.  Ultimately it is beginning to sink-in that all nations can benefit from correcting a trade imbalance within their own position.  In essence, U.S. President Trump is moving the entire global trade dynamic.
But don't expect them to credit Trump for that.

More at the link. And even more after that. (closer to the top at the conservative treehouse)

I must say this is a fine education. Better than all those endless graphs and models we studied at CU and Regis. Precious little theories that attempted to explain one tiny portion of a much larger picture. This is global economics acted out right before our eyes, that affects everything. Everything! And watching the responses from the powers that be is remarkable.

1 comment:

edutcher said...

The market went up 670 points yesterday.

Guess why.