The Coming War(s)

Trade Wars that is. 

I've spent a lot of time and effort playing Snarky McFreak-Out since 11-8-16, and I'll continue in that vein for as long as I can (because it's pretty fun), but I have to get back to my semi-wonk self and start looking at the specifics behind what I think is obviously gonna be a whole series of clusterfucks as Trump Drains The Swamp Into His Cabinet So They Can Funnel Tax Dollars Into Their Pockets.

And we might as well start with trade.

Brookings Institution:

The aim of these policies, as stated by Trump, are to address harms to U.S. workers from trade and to improve trade deals he sees as not being in the U.S. interests. These are certainly worthwhile goals. The problem is that Trump’s current trade proposals will work against each other, threatening to cancel out any gains, and likely inflicting additional costs on the very people he has pledged to help. And, as the U.S. is approaching full employment, the key challenge is less about more jobs but rather about getting at the concentrated losses in particular communities.

And holy fuck, right outa the chute, there's something I missed because I wasn't really paying attention the way I shoulda done.

For instance, Trump has stated that he plans to renegotiate NAFTA —the trade agreement with Mexico and Canada. Mexico and Canada are the U.S.’s largest export markets, together buying more U.S. goods and services than any other country. President Obama also proposed renegotiating NAFTA in 2008 and the TPP was his response. So from one perspective the TPP already achieves this goal.

But should Trump withdraw from the TPP and then seek to renegotiate NAFTA, any concessions on the part of Canada and Mexico will also require concessions by the U.S., i.e., lower tariffs and other trade barriers.

So I still (obviously) don't know all I need to know, but I gotta say Brookings is a decent thing to follow. They tackle some of the big stuff and explain it in a bite-sized-chunks kinda way. I think I'm learning.