Other countries will make trade deals without us

Trump’s tariffs will hurt the US. Other countries will be glad to make trade deals that leave us out.

The EU and Japan have signed a major trade deal eliminating most tariffs. https://t.co/VBP68LktG4

— Axios (@axios) July 17, 2018

The European Union signed its largest trade deal ever, a pact with Japan that will slash customs duties on products like European wine and cheese, while gradually reducing tariffs on cars https://t.co/NHlUiMyOqO

— The New York Times (@nytimes) July 17, 2018

Meanwhile, in a parallel universe, the EU and Japan are today signing the largest free trade deal either of them has ever negotiated. It will create an open trade zone covering nearly a 3rd of the world's GDP https://t.co/SO84O8OQ3A

— Ian Dunt (@IanDunt) July 17, 2018

China looks to get cozy with EU in annual talks as Trump tariffs bite https://t.co/Mbv9P8OfNy pic.twitter.com/4xCHrl7TKG

— Reuters Top News (@Reuters) July 16, 2018

CEO of Chinese retail giant https://t.co/IQbSMPuYZF on U.S.-China tariffs: "For my company, I can tell you it’ll be OK. Anything we cannot import from the U.S. we can get from Europe, Japan or other countries." https://t.co/6LKPXtE6oC

— Axios (@axios) July 16, 2018

U.S.-China trade row helped BASF land $10 billion Guangdong chemicals coup: sources https://t.co/bQ0pkr6vtf pic.twitter.com/iSCNDVd7qY

— Reuters Top News (@Reuters) July 11, 2018

Products affected by tariffs

A look at products targeted by US, China tariffs https://t.co/86hI4wn5QJ

— Zeke Miller (@ZekeJMiller) July 6, 2018

Reducing the trade deficit forces lower investment

This is not an accidental side effect.

Reducing the trade deficit means reducing the capital account surplus. It forces lower investment.

When done quickly and chaotically, it is likely disastrous. https://t.co/WYCkQmQ14n

— Adam Davidson (@adamdavidson) July 6, 2018

Trump lie about auto imports

https://t.co/hPi5oOpciE pic.twitter.com/oJ8jt6dgsa

— Share the Facts (@sharethefact) July 2, 2018

Not true!

The article states: “Together, Mercedes, BMW and Volkswagen imported less than a million cars into the United States in 2017, not “millions.””

Soybeans prices are down because of Trump’s trade war

ICYMI
The Trump Administration’s trade war is starting to have real impacts on farmers who grow everything from corn to cotton (@Dchinni @chucktodd) article & video: https://t.co/1cuXndv1hl pic.twitter.com/XYMplaBPqn

— OpinionToday.com (@OpinionToday) June 28, 2018

Crowd cheers as Trump touts tariffs, but he doesn’t mention threats of retaliation from China already crippling soybean farmers.

Per ND Farmers Union: Price of soybeans DOWN 20% in last 40 days.

— Peter Alexander (@PeterAlexander) June 28, 2018

Explanation of trade deficits

Frankly, I didn’t think I understood trade deficits. But Trump talks about them all the time. So I talked to a bunch of intelligent people to learn what a trade deficit really tells you, and what it doesn’t: https://t.co/CSuYakxM96

— Mike Warren (@MichaelRWarren) June 25, 2018

Let’s distract everyone from the immigration fiasco

Maybe that’s why Trump is threatening more tariffs against China.

Sad!

Commerce Secretary’s conflicts of interest

Oh, look: we're about to start a trade war, and our Commerce Secretary is deeply enmeshed with hostile foreign powers (and lied about it) https://t.co/l4IganYA3c pic.twitter.com/oVIW3XnkTI

— Paul Krugman (@paulkrugman) June 18, 2018

Ross is just another sleazy Trump appointee. The article on Forbes has lots of details.

In previous administrations, a revelation like this would've prompted a resignation. Not in this one. Instead, Wilbur Ross found a way to profit off an impending scandal, taking things to a new level of corruption. https://t.co/qaW7HKwPXr

— Ned Price (@nedprice) June 18, 2018

"Ross’s self-dealing and conflicts of interest should be part of a larger mosaic, encompassing Trump’s blatant use of the presidency for economic gain."https://t.co/aM8exwM2lY

— Seth Hanlon (@SethHanlon) June 22, 2018

BREAKING: we @CREWcrew have filed a complaint calling for criminal and regulatory investigation of Wilbur Ross possible insider trading and other violations. We don't play around; our similar complaint against Trump resulted in a criminal referral to DOJ https://t.co/8UkZ641xwX

— Norm Eisen (@NormEisen) June 22, 2018

more sleaze:

Facing scrutiny for his financial holdings, Commerce Sec. Wilbur Ross has revealed to @CNBC that last year he shorted shares in two more companies than previously had been reported. https://t.co/nN6BR2Teey

— NBC News (@NBCNews) July 2, 2018

Trump’s unwarranted attacks on Trudeau

Trump attacked Trudeau, leader of probably our closest ally, because he had the nerve to disagree with him. Trump is isolating the US from all of its allies and sucking up to our enemies.

Here’s a summary of yesterday’s developments:

Updated story on one of the most ridiculous days of Canada’s tenure being located beside the United States: https://t.co/Lrom46YCMb

— Daniel Dale (@ddale8) June 10, 2018

Here are some tweets:

As far as I can tell, Trudeau was a gracious host and tried to get along with Trump. Trump then blasted the other G-7 members to the press. Trudeau replied in his own press conference, saying Canada won't be pushed around. And for this Trudeau will burn "in hell"? Deranged! https://t.co/PpEQl2x2Sa

— Max Boot (@MaxBoot) June 10, 2018

99% of US-Canada trade is tariff-free, but the last bit is complicated. Some facts from @TradeNewsCentre pic.twitter.com/71OwsqGhKc

— John G. Murphy (@JGodiasMurphy) June 10, 2018

US-Canada Trade Facts, 2017

Total goods & services trade:
$673.9 billion

US exports: $341.2 billion
US imports: $332.8 billion

US trade SURPLUS: $8.4 billion

(data from US Trade Representative webpage)

— ian bremmer (@ianbremmer) June 10, 2018

Amidst @realDonaldTrump, @larry_kudlow trashing of @JustinTrudeau, worth noting 1) US-Canada trade roughly in balance; 2) dairy miniscule % of the trade, 3) TPP would have increased US dairy access to Canada; 4) Canadian dairy program resembles nothing so much as US sugar program

— Richard N. Haass (@RichardHaass) June 10, 2018

This is a striking comment from a lifelong public servant under Republican and Democratic Presidents https://t.co/eeFezSaaPo

— Andrea Mitchell (@mitchellreports) June 10, 2018

This is the story. Not “Trump and Trudeau feud” but “Trump fabricated a conflict so he could gratuitously attack an allied PM.” https://t.co/sjz1LmdemK

— Brian Beutler (@brianbeutler) June 10, 2018

The thing is, I was at the @JustinTrudeau news conference, and he went out of his way to try to downplay tensions. He didn’t attack @realDonaldTrump in any way, other than restate Canada would retaliate for tariffs. Not sure what @larry_kudlow means re: “stabbed” US in the back

— Michael D. Shear (@shearm) June 10, 2018

The best part here is he slams the reporter for suggesting a bad relationship and tense meeting, then gets on plane and trashes Trudeau himself and says he won't sign the communique. https://t.co/mWHfEZ1xx9

— Josh Dawsey (@jdawsey1) June 10, 2018

See this thread. And while nobody can be sure re Trump, Kudlow certainly knows that he is speaking untruths. Kudlow tried to smooth things at G7, failed, and well understands whose fault it is that he failed. https://t.co/tZGNot9KzU

— David Frum (@davidfrum) June 10, 2018

When President Trump bases foreign policy on imagined facts… https://t.co/qcq4gOS7US

— Nicholas Kristof (@NickKristof) June 10, 2018

Trump was the one glossing over the tense meetings with jokes and banter, saying relations were “a 10.” Trudeau acknowledges reality and Trump snaps. https://t.co/mVC7paKcJG

— Eli Stokols (@EliStokols) June 9, 2018

“Stabbed us in the back,” polarizing,” “sophomoric,” “decieved us,” “political stunt,” “betrayal” — How Larry Kudlow just described to @jaketapper Trudeau’s criticism of the Trump tariffs at his presser. In Kudlow’s view, Trump was “charming” and acting in “good faith” at the G-7

— Manu Raju (@mkraju) June 10, 2018

the complaints are disconnected from reality https://t.co/XEKab8jiZC

— John Harwood (@JohnJHarwood) June 10, 2018

Huh. So this is what a 10-out-of-10 relationship with close allies look like. pic.twitter.com/bmy9VTaniP

— Daniel W. Drezner (@dandrezner) June 9, 2018

Trump always says other countries' leaders have made ours look week because they're looking out for and standing up for their own people. So Trudeau did that yesterday – Trump advisers went on TV and said it was a personal slight against Trump

— Maggie Haberman (@maggieNYT) June 10, 2018

Rae is former Premier of Ontario and former interim leader of federal Liberal Party. Huge figure in mainstream Canadian politics. This is a measure of Trump is alienating allies. https://t.co/2t0oJfcfpO

— Jeet Heer (@HeerJeet) June 10, 2018

#Canada spirited four American hostages out of Iran in 1979, welcomed thousands of stranded U.S. airline passengers on 9/11, has our back in every war, shares the world’s longest undefended border with us and a symbiotic North American economy. THE best neighbor we could have. https://t.co/6c9qcPXn3C

— Nicholas Burns (@RNicholasBurns) June 10, 2018

What is the trade deficit?

This article explains what the trade deficit is.