Trump Wants To Free America From "Fool Trade" And Flip The Tables On The EU

Authored by Andrew Korybko via Oriental Review,

Trump promised to replace what he termed as “fool trade” with fair trade when it comes to America’s economic partnerships, especially those with NAFTA and the EU.

Tweeting from Singapore after the failed G7 Summit in Canada, the President wrote that “Fair Trade is now to be called Fool Trade if it is not Reciprocal”, before explaining how Canada and Germany “rip off” the US through their own protectionist tariffs and insufficient contributions to NATO, respectively. Trump’s sour that their leaders attacked him for his “Make America Great Again” steel and aluminum tariffs while hypocritically ignoring their own lopsided economic relations with the US, and he believes that now is the time to make right for what he truly believes are the historic wrongs that his predecessors committed in voluntarily handicapping American power.

Proverbially speaking, the President conceptualizes America as Gulliver the “giant” tied down by a bunch of Lilliputian dwarves, albeit having previously put itself in this submissive position out of some sort of ideological masochistic-sadism that Trump wants to free it from.

Canada’s Prime Minister Justin Trudeau (R) meets with U.S. President Donald Trump during the G7 Summit in the Charlevoix town of La Malbaie, Quebec, Canada, June 8, 2018

The Cold War-era quid pro quo of the US providing costly security assistance to its NATO allies in order to enable them to concentrate more fully on building their utopian welfare states is no longer relevant because of the changing nature of geopolitics and the rise of asymmetrical threats, though Clinton, Bush, and Obama perpetuated this state of affairs because it advanced the Liberal-Globalist model that all three of them were pursuing at the expense of average Americans.

Having entered into office because of the desperation that millions of regular folks in Middle America are experiencing as a result of the domestically catastrophic consequences of globalization on the American Heartland and especially the Midwest, Trump feels obligated to do something about this massive self-inflicted economic wound that’s bleeding hundreds of billions of dollars from the country each year for voluntary reasons that are impossible for this businessman to fathom.

Transforming “fool trade” back into fair trade will harmonize this imbalance, at least from the US’ perspective, though it’ll be detrimental to its semi-socialist partners who have grown accustomed to having the “big brother” that they love to complain about so much subsidizing their militaries and de-facto doing the same for their economies through this decades-long legacy of uneven trading arrangements that Trump now wants to change.

The far-reaching consequences of the Europeans losing out on this multibillion-dollar bonanza are that their domestic growth and social stability will undoubtedly suffer while the elite scramble to appease the masses as they frantically try to negotiate more favorable trading terms with the US.

America can deal with an indefinite disruption of transatlantic trade much better than the Europeans can, and Trump’s betting that he can exploit the resultant geopolitical tumult in order to strengthen the US’ unipolar control over the EU.

Comments

thurstjo63 Mon, 06/18/2018 - 05:08 Permalink

Be careful what you wish for. The price of balancing out trade will most likely be the lost of the dollar as the reserve currency. When the US loses that advantage, things will be a lot harder. That being said, the lost of the dollar as the reserve currency is going to happen anyway so Trump might as well go ahead and rebalance trade relations with key countries.

philipat angle-asshole … Mon, 06/18/2018 - 05:51 Permalink

"America can deal with an indefinite disruption of transatlantic trade much better than the Europeans can, and Trump’s betting that he can exploit the resultant geopolitical tumult in order to strengthen the US’ unipolar control over the EU"

Not if Europe looks to the future and lifts the sanctions on Russia and starts to move towards the Asian/Eurasian development block, from which the US is missing..

In reply to by angle-asshole …

Wild E Coyote philipat Mon, 06/18/2018 - 05:59 Permalink

If sanctions on Russia was removed, Russians will buy even more American goods. There are plenty of good that Russians cannot make as good as the Americans. This include the Boeing, and electronic products where Russians are way behind. 

China and all Asia also depend on US for its critical electronic products. US is still Number One. 

In reply to by philipat

philipat Wild E Coyote Mon, 06/18/2018 - 06:11 Permalink

I actually said if THE EU lifts sanctions on Russia. I'm guessing that the US would not follow suit because the MIC must have a bogeyman to to continue to justify $1T pa in "defense" spending. So Airbus would get the immediate benefit. And the Russians (or anyone for that matter) in any case would not buy American cars so again the EU would have a tremendous opportunity in what was previously Europe's largest consumer goods market.

In reply to by Wild E Coyote

nmewn philipat Mon, 06/18/2018 - 06:46 Permalink

This...

"The Cold War-era quid pro quo of the US providing costly security assistance to its NATO allies in order to enable them to concentrate more fully on building their utopian welfare states is no longer relevant because of the changing nature of geopolitics and the rise of asymmetrical threats, though Clinton, Bush, and Obama perpetuated this state of affairs because it advanced the Liberal-Globalist model that all three of them were pursuing >>>at the expense of average Americans."<<<

...is absolutely dead nutz on target. 

In reply to by philipat

philipat nmewn Mon, 06/18/2018 - 06:57 Permalink

Whatever logic is used to reach the same conclusion I absolutely agree. Europe would be much safer without NATO and could then develop its own foreign policy along lines which benefit Europe, just as the US does for the US. It is indeed high time that the US went home, but I wouldn't hold your breath for many reasons of Empire and the MIC..

In reply to by nmewn

bshirley1968 nmewn Mon, 06/18/2018 - 10:17 Permalink

"The problem is really very simple:

If the dollar - such as it is - is going to be the basis of the world's monetary system, and therefore required by all Central Banks as Reserves, there is only one way that these CBs can obtain those Reserves: their countries are forced to undersell all US producers, in order to be able to sell more to the US, than they buy

The difference between the dollars they get from sales, is more, than the dollars they spend to buy from the US. That difference - known as the US Trade Deficit - flows to the CBs of the world and swells their Reserves."

Live with trade deficits or lose reserve currency status.

In reply to by nmewn

opport.knocks nmewn Mon, 06/18/2018 - 08:23 Permalink

Yes, NATO should have disbanded when the cold war ended. Full stop. 

Instead it morphed into an 100% offensive force. Yugoslavia, Libya, and Afghanistan where my government stupidly agreed to assist in some of the most difficult areas, with zero benefit and lots of blow back.

As a Canadian, I want to know what the USA are helping to defend us against what exactly? Certainly not from blow back from affiliation with your bullying foreign policy. Your global spyware is installed in every communications device and is a far bigger thread to sovereignty than any other foreign power. And our own government, at least until recently was allowing Chinese companies to buy significant chunks of nationally important industries.

Many of us who criticized NAFTA in the 90s said that once American multi-nationals had free access to the Canadian market and had eliminated local competition (as Heinz, Kelloggs and others have done) they would want to rip up the deal. Predatory capitalism with government and military backing, isn't that what the American revolution was supposedly against?

In reply to by nmewn

MK ULTRA Alpha Wild E Coyote Mon, 06/18/2018 - 06:17 Permalink

Make the EU pay for the Wall, it's going to be built no matter what, so the EU might as well chip in.

The author is correct in his analysis, if we had more authors with the insight to understand and then to educate the people of what our reality truly is, we would be much more productive and wealthy. We would not long or want, this is what Trump is about, it's beyond a chicken in every pot, no, it is the survival of the United States.

If we can not stop the trade deficit, we won't even be able to pay the taxes to keep it all going, already public and private pensions are bankrupt, social security is going belly up and federal and state government fiscal deficits from here to as far as the eye can see. It's the end of us if Trump can't change the entire system of our lives around.

We're dying and this is America's last chance. The damage done by Bush I, Clinton I, Bush II, Obama I and Clinton II needs to be explained and how they didn't care about the common American people, and how Trump is standing for common everyday Americans. The only thing they cared about was a One World Government, citizens of other countries and enriching the ruling crony class by destroying us.

We have lost so much, just the end of the nearly $400 billion trade deficit with China is over 30 million high paying jobs. Those who want higher wages, joining the communist movement of Sanders to force the government in to giving hand outs, this wouldn't be the case if the total US trade deficit wasn't nearly a trillion dollar loss every year, it's now to the point it can't be sustained unless we choose to destroy ourselves singing the One World Government corporate song, "We are the world...", we are not the world and the world has screwed America.

In reply to by Wild E Coyote

MK ULTRA Alpha NidStyles Mon, 06/18/2018 - 07:08 Permalink

Can you clarify what you're accusing me of and when did I do it? Of course there could be a deeper meaning here.

Is this a new form of fake news, internet poster caused another internet poster to go to jail, for defending himself, when the other internet posters doesn't know what your talking about.  

Is this a neoliberal MSNBC Maddow fake accusation? Whatever it is, it made my day.  Hit a nerve with someone somewhere, that's what it's all about.

Let me explain, I have never noticed you until now, and if I caused you to go to jail, then I had no intention of doing so.

In reply to by NidStyles

MK ULTRA Alpha MK ULTRA Alpha Mon, 06/18/2018 - 07:18 Permalink

Or it could be that communist's heads are starting to explode. Orange victory is too much for snowflake hate against me, their heads exploded and they became normal productive citizens once again.

It's interesting and comical, that like Trump has had MSM accusations made against him from the Twilight Zone, I too must suffer the same for my cause, the rebuilding of the US economy through turning a nearly trillion dollar trade deficit into millions of high paying jobs for these kids.

Trump-o-rama.

In reply to by MK ULTRA Alpha

brushhog MK ULTRA Alpha Mon, 06/18/2018 - 07:17 Permalink

Absolutely spot on and the liberal globalists have taken EVERYTHING from Americans; Our jobs, religion, our culture, our constitutional rights, look at the young generation now they dont even know if they are male or female. Theyve completely unbalanced and mind fucked us for decades. You turn on the TV or go to the movies and you see pure propaganda. Weakness is now strength, women are the "strong" ones, victims are heroes, whining and crying is now a source of power. Its all opposite, up is down, down is up, weakness is strength, war is peace. The fact that this stuff is being broadcast 24/7 with no exception, no deviation from the message, shows us that there is a well planned, top down, propaganda campaign to alter American culture through media.

I have to hand it to them they've done a good job up until this point confusing and unbalancing the American public. However, we are waking up to the game [ hopefully not too late ].

In reply to by MK ULTRA Alpha

OhOh HopefulCynical Mon, 06/18/2018 - 09:45 Permalink

ameristani love being fucked over. it has led to record debt availability. Buying overpriced cars, clothes, weapons, houses, boats, guns , because they were so exceptionally "rich".

Now it's the time to pay the piper, ameristanis allowed their jobs to be shipped overseas without a whimper, because it happened to someone else. They rolled over and sucked their boss's balls dry.

Not so nice when it's at your own front door, eh.

"Sell the house. Sell the car. Sell the kids. Find someone else. Forget it. I'm never coming back. Forget it". an ameristani allegedly said, from the depths of an Asian jungle, some decades ago.

In reply to by HopefulCynical

brushhog Infinite QE Mon, 06/18/2018 - 12:03 Permalink

LOL. Yeah, for some people thats true. If my wife was the type to watch "the kardashians" I doubt we would have ever stayed together long enough to get married in the first place. No, she's a strong Trump supporter. She saw what the globalists did to her father after 20+ years of hard work at the now-abandoned-factory. She's not too good to keep a home and raise her children. Its getting rare [ especially in the cities ] but if you can find a REAL woman who will proudly don the role of "wife" and "mother", there is no greater ASSET for a man. If get stuck with a kardashian watching feminist with a head full of mush, there will be no greater LIABILITY.

In reply to by Infinite QE

OhOh shovelhead Mon, 06/18/2018 - 09:55 Permalink

The foreign countries companies were so eager for a slice of the China pie, they signed whatever was put in front of them. Signed away all their rights for the executive quarterly bonus check and to raise their stock price.

Now a demon has to be fingered, not themselves, but a foreign devil. Have any of the executives/share holders repaid their grotesque profits yet. Thought not.

In reply to by shovelhead

gespiri thurstjo63 Mon, 06/18/2018 - 06:08 Permalink

Let's say you're right.  Prices in the US will rise especially for imported goods.  Imported materials will raise prices on local goods using these materials.  It will be painful, but not permanent.

We have to change our mindset and habits.  How many TVs or cars do we really need?  How many pairs of shoes or pieces of clothing do we really need?  How much crap do we put ourselves through with work in order to buy more things that we don't really need?

In reply to by thurstjo63

unklemunky thurstjo63 Mon, 06/18/2018 - 07:14 Permalink

Uh, the US has reserve currency status because we have the largest economy in the world. Period. If they all want to sell to us, they have to trade with our dollar whether it’s “reserve currency status”or not.  The real imbalance has occurred because all of the us based companies have left our shores to produce outside inlower cost economies and then dump back into the US.  The irony of this stupidity is that they are bankrupting the very economy they plan to sell to by gutting its middle class by eliminating their jobs.  Big corporations hoped to take advantage of this “arbitrage” until it came home to roost. Well, it’s here.  Not to mention, wage pressures in the 3rd world countries are starting to increase costs along with instability and forced gubment partnerships I.e. The chinks.  

In reply to by thurstjo63

unklemunky thurstjo63 Mon, 06/18/2018 - 07:14 Permalink

Uh, the US has reserve currency status because we have the largest economy in the world. Period. If they all want to sell to us, they have to trade with our dollar whether it’s “reserve currency status”or not.  The real imbalance has occurred because all of the us based companies have left our shores to produce outside inlower cost economies and then dump back into the US.  The irony of this stupidity is that they are bankrupting the very economy they plan to sell to by gutting its middle class by eliminating their jobs.  Big corporations hoped to take advantage of this “arbitrage” until it came home to roost. Well, it’s here.  Not to mention, wage pressures in the 3rd world countries are starting to increase costs along with instability and forced gubment partnerships I.e. The chinks.  

In reply to by thurstjo63

Shropshire Lad Mon, 06/18/2018 - 05:11 Permalink

Yes it's time to eject the US forces from all it's European bases, which they use so readily to create war worldwide.   European countries will have only a modest need for military expenditures after leaving NATO.  Freedom beckons .....  

BritBob Mon, 06/18/2018 - 05:15 Permalink

How will Trump deal with the Spanish threat?

Spanish Guardia Civil vessel Rio Cedena twice tried to disrupt the visit by ballistic missile sub USS Florida as it was approaching the British Overseas Territory on the southern tip of Spain.

According to the Sun, the incident has caused outrage among senior officials in Gibraltar with one 'top source' saying: 'This is not only a very dangerous game for the Spanish to play but it is unbecoming of a NATO ally to treat the US Navy with such contempt.'

(Daily Mail 6 May 2016) Gibraltar is an important NATO base. Effectively Ceded to Britain 3 times!

Gibraltar – Spanish Myths and Agreements (1 pg):

https://www.academia.edu/34608739/Gibraltar_Spanish_Myths_and_Agreements

SadhakaPadma Mon, 06/18/2018 - 05:16 Permalink

Keep dreaming Yanks... Europe will lift Russian sanctions and next wave of migrants will send to New York...as you will begin finaly realize consenquences of your imperial games and destabilization of third world.

China building in rapid pace Silk road to unite with Europe....while US will become isolated not only out of economic epicenter of rising euroasia, but your army wont be allowed even tanking in Europe once NATO is gone...and then how you going remain global superpower withouth bases in Europe is question for you folks?!

HurricaneBrasky SadhakaPadma Mon, 06/18/2018 - 11:56 Permalink

We will divide europe. A fractured europe with individual trade agreements is beholden in aggregate to the US. If the EU ceases to be our ally, we slowly chip away at member countries (Brexit, Italexit, fueling civil unrest in spain, embracing\enlarging the visegrad group) while causing further migrant influx to stress their welfare states.

 

Our relationship is best maintained with europe, for everyone's benefit. Luckily, it looks like recent events in german politics will bring a government more willing to understand the benefits of smaller pockets of government organization based on shared culture (nationalism) rather than the current arbitrary, elite-designated unity.

In this model, individual countries may pursue closer relations with russia, but that is a risk worth taking. Hell, im probably dreaming, but maybe that could be the start to normalizing relations between the west and russia. Id like to see a paradigm shift that involves positive engagement with russia while russia\US pivot their focuses to stopping the rise of global geopolitical domination by china.

In reply to by SadhakaPadma