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2/25/2017 8:26 am  #1


Trump Is Off to a Slow Start on Trade Promises

I wonder why,,,,,,,

Trump Is Off to a Slow Start on Trade Promises

WASHINGTON — President Trump keeps firing verbal broadsides at Mexico and China, but so far his new administration has not acted to keep specific campaign promises about trade policy.

Mr. Trump did not declare China a “currency manipulator” on his first day in office, as he had vowed, nor has he after his first month. Steven Mnuchin, the Treasury secretary, said on Thursday that his department was conducting a standard biannual review of the currency practices of China and other trading partners.

Mr. Trump also has not initiated the renegotiation of the North American Free Trade Agreement with Mexico and Canada, something he promised to “immediately pursue.”

“There’s definitely a huge gap between rhetoric and reality,” said Chad P. Bown, a senior fellow and specialist on trade policy at the Peterson Institute for International Economics.

Mr. Trump made trade one of his signature issues during the campaign, excoriating what he described as failed policies that have allowed foreign countries, notably China and Mexico, to profit at Americans’ expense. And he has not changed his tune since he moved into the White House.

“Take a look at Nafta, one of the worst deals ever made by any country having to do with economic development,” Mr. Trump told the cheering crowd on Friday at the Conservative Political Action Conference, held just outside Washington. “It’s economic undevelopment, as far as our country is concerned.”

Mr. Trump has fulfilled one campaign promise on trade, signing an order to withdraw the United States from the Trans-Pacific Partnership, a unsigned deal that the Obama administration negotiated with Pacific Rim nations but had not submitted to Congress for approval.

But the absence of clear action on China and Mexico is striking, both because Mr. Trump’s language remains so bellicose and because the administration has moved quickly to keep many of the other campaign promises that it made.

https://www.nytimes.com/2017/02/24/business/economy/trump-trade-policy.html?ref=business


We live in a time in which decent and otherwise sensible people are surrendering too easily to the hectoring of morons or extremists. 
 

2/25/2017 9:05 am  #2


Re: Trump Is Off to a Slow Start on Trade Promises

Yeah, we were never actually IN the TPP ! 

Big friggin' deal ! 

This whole area is one that is REALLY scary economically.



 


"Do not confuse motion and progress, A rocking horse keeps moving but does not make any progress"
 
 

2/27/2017 11:05 am  #3


Re: Trump Is Off to a Slow Start on Trade Promises

And the Trump administration is off to a slow start. Yikes! He only has 3 years and 11 months to go.
Not sure why everything is not corrected in the first month. So darn slow... 30 days gone! Please Mr. President will you fix things quicker. The NYT is very impatient with your progress.

Last edited by Common Sense (2/27/2017 11:05 am)


 “We hold these truths to be self-evident,”  former vice president Biden said during a campaign event in Texas on Monday. "All men and women created by — you know, you know, the thing.”

 
 

2/27/2017 11:16 am  #4


Re: Trump Is Off to a Slow Start on Trade Promises

The trump administration is off to a slow start on trade. Actions have not matched rhetoric.
Blaming the NYT for taking note of that fact isn't going to cut it


We live in a time in which decent and otherwise sensible people are surrendering too easily to the hectoring of morons or extremists. 
     Thread Starter
 

2/27/2017 5:59 pm  #5


Re: Trump Is Off to a Slow Start on Trade Promises

I hope he stays that way. Some of his trade ideas could do a lot of economic damage. 


"Do not confuse motion and progress, A rocking horse keeps moving but does not make any progress"
 
 

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