"Those who wanted an otiose President on trade like Obama was, are in for a shock. Be it tariffs, negotiations, or whatever, Donald Trump will not rest until our trade deficit is under control."
Okay - here is the question of the hour. Trust me - I don't know the answer. That is for the "wizards of smart" right now. In the 25 years since NAFTA has been signed, has it been good or not so good for the United States? Where are we right now? Is the President right that NAFTA either needs to be scrapped or re-negotiated? Was Ross Perot right when he campaigned against it? Is NAFTA really our trade deficit problem (along with China), or are they just "boogy men"?
So - is it good? Let's look at the surface evidence first. Mexico. Anyone want to live there right now? Mexico is a mess. Even with the fruits that NAFTA provided. It is the land of the lawless right now, and just about every reputable travel agency is putting out the red flag about traveling there. Why? It is about three inches away from being an all out war zone. Drugs, drugs, and more drugs.
Also, if the economy in Mexico is so good right now due to NAFTA, why are we still getting "fence hoppers" coming across the southern border? We don't have people from this country trying to sneak into Mexico. What gives?
I remember the debate on NAFTA. The true believers said it would NOT be a zero sum game. Everyone would benefit. We would still have borders, but North America would operate more like the EU. Really? Well here is the bottom line. Right now, we don't know how much of our trade issue is due to NAFTA, how much is due to the unfair trade policies of China, or just the US being "out played" in the market place. What ever it is Houston - we have a big, big problem. To run 1/2 trillion (or more) annual trade deficits, is not good for man nor beast in this country.
Is there a winner so far with the current NAFTA agreement? Canada. Land is good in the north country. Even with an avowed socialist running the place, they seem to be doing fine. Of course, they spend pennies on the dollar for their defense. They just rely on us. Your welcome, Canadians. Would Canada want to renegotiate NAFTA? Probably not. But who cares. For an agreement which was not supposed to be zero sum, it sure seems like there have been winners and losers.
Our CEO of a President will go over this agreement with a fine tooth comb. Whatever is good, he will want to keep. Where our negotiators "gave away the store", he will want to fix it. For him, running huge trade deficits is a non-starter. He WILL fix the NAFTA issue, and he will try and do something with the China issue.
Those who wanted an otiose President on trade like Obama was, they are in for a shock. Be it tariffs, negotiations, or whatever, Donald Trump will not rest until our trade deficit is under control. Why? We can't make America great again while running half trillion dollar deficits. As they say in Vegas, "it just ain't in the cards".