I don't doubt that some countries are anxious to get a deal: Israel, Taiwan, Vietnam, etc.
But any deal that rich countries sign is going to be worse than the pre-Trump status quo. That's why you're seeing informal pacts — Can/Mex/Europe, SK/Japan/China — forming to resist the prisoner's dilemma.
But any deal that rich countries sign is going to be worse than the pre-Trump status quo. That's why you're seeing informal pacts — Can/Mex/Europe, SK/Japan/China — forming to resist the prisoner's dilemma.
Reposted from
Aaron Rupar
Hassett on countries the White House is negotiating trade deals with: "I'm not gonna name the countries."
Comments
Trump made his bed, he'll have to lay in it now. I'm thinking most countries will not be sympathetic to the U.S anymore.
However, that’s a hard sell to people if you’re going to lose jobs at home.
I see a couple of increasingly divergent possible responses:
A) Bet on the advantage of being first back in the gates. This will likely require a major concession somewhere, but give ‘first access’. The problem is that you have to trust Trump’s word that this is a ‘once and […]
B) Give up first or preferred access to the American economy betting that: the importance of the American economy will shrink; you can use the imposed isolation to boost domestic production and consumption; that other trading partners that reach around American hegemony will be […]
- the percentage of their goods that go to the US
- how many other countries provide the same thing
- how much power the affected businesses have in their governments
This would make zero sense, fwiw.