[T]he Republican tycoon’s attempt to start a global trade war will fail, and the U.S. economy will suffer the most.
The NAFTA talks have been dominated to date by the obnoxious behavior of the American side — the strident demands for concessions without recompense, the threats, the whining in the media.
The 71-year-old CEO of Renaissance Capital, a large, secretive U.S. hedge fund, has become one of the most important names in politics.
Since before Trump officially took office in January, the contradictions and confusion between the public and private have been a personal trademark of his administration.
The problem he has is that the likelihood of success depends in part on presiding over an effective government.
The biggest benefit of the free trade treaties we have signed has been to force us to open our own borders, with all of the gains that have flowed therefrom, from cheaper imports to more efficient producers. Not even Trump can take that away from us.
Even if the billionaire can rely on a Republican majority to get the green light, given the profiles of the candidates, the exercise is no formality.
Trump’s trade team is a line-up of trade protectionists; his highly powerful hawk faction is assembled and ready to start a trade war any minute.