After Mexico Tariffs No Agreement With Trump Is Worth the Paper It’s Written On

Hilarious. Trump torpedoed his own trade deal with Mexico, Canada before it was even ratified

“Let’s elect a reality TV star president they said. It will be fun they said.”

In case you have not figured this out, Trump cannot be relied on to honor any agreement he makes.

Trump infuriated Mexico and Canada smack in the midst of attempting to get Congressional approval for USMCA, his NAFTA replacement.

The interesting detail of Trump’s latest tariff madness is that Trump went against the advice of his top trade adviser.

“Lighthizer is not happy,” an administration official, said. “This is something he’s talked about for a long time but people always talked him out of it.”

A spokesman for Mr. Lighthizer declined to comment.

Navarro Sides With Trump

President Trump’s trade adviser, Peter Navarro, told CNBC that Trump’s threat of new tariffs on Mexico came in response to that country’s “export” of “illegal aliens.”

Treasury Secretary Steve Mnuchin Also Opposed Tariffs

Administration sources say Mnuchin and Lighthizer opposed Trump tariffs on Mexico.

The surprise decision to announce the tariff plan came as Trump was “riled up” by conservative radio commentary about the recent surge in border crossings.

The opposition to the tariffs by Treasury Secretary Mnuchin and Lighthizer marked a rare moment of unity from two top administration officials with starkly different economic ideologies.

“Look at what we are trying to do. This is actually a brilliant move by the president to get Mexico’s attention, to get them to help us, because so far they have just been standing by,” Navarro said.

The tariff was pushed by adviser Stephen Miller, an immigration hawk, according to a source close to the White House.

Nearly 5 Million US Jobs Depend on Mexico

Texas and California are the top states.

Peter Schiff Chimes In

Mexican Peso Response

Stating the Obvious – Mexico Isn’t China

Lie of the Day

What the Heck Happened?

  • Trump took advice from Peter Navarro and Stephen Miller rather than Treasury Secretary Steve Mnuchin and U.S. Trade Representative Robert Lighthizer.
  • Tariffs move USMCA, Trump’s NAFTA replacement, firmly in the gutter.
  • 5 Million jobs are at risk.

Three Key Points

  1. There can no longer be any doubt that Trump reacts emotionally, not logically.
  2. Trump is not playing some amazing 3-D mind game, he is an economically illiterate trade fool.
  3. Trump just proved to the world that no deal is safe, even deals he negotiates himself.

Point three is the most crucial. No one can trust Trump.

I firmly believe a recession will do Trump in.

If I am correct, then it is in the long-term interest of countries to react in such a way that steepens any recession.

China may cooperate in that effort.

Source: Mish Talk


    Barron is running the WH, not his father.

  2. JustPassingThrough says

    “In case you have not figured this out, Trump cannot be relied on to honor any agreement he makes.”

    >that makes him veryyyyyy american, i would say.

  3. CHUCKMAN says

    “Hilarious. Trump torpedoed his own trade deal with Mexico, Canada before it was even ratified”


    It is hilarious, and you really couldn’t make something like this up if you tried.

    It’s an angry ten-year old leading the world’s most powerful country.

    1. Séamus Ó Néill says

      I wouldn’t say most powerful , most warmongering ,most belligerent , most comically insane ,most psychopathic yes ,but none of these make you powerful….I would argue the opposite !

  4. thomas malthaus says

    If the massive immigrant flows across our southern border weren’t an issue, our trade with Mexico would be less so.

    The Mexican government comes across a criminal enterprise. Right or not, they must deal with it. The US’ liberal wing has a great deal in common.

    1. CHUCKMAN says

      Malthus would never speak that way.

      I’ve read him.

  5. John C Carleton says

    Trump is the head hand puppet for the USA Incorporated.

    USA is not a country, is not a government.
    USA is an international for profit corporation, incorporated under the evil of the evil Rat run, British Empire.

    The USA, has NEVER, not once, told the truth or kept their word.

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