Trade

Trade is the weapon of choice these days to prevent war. Trump is now using it to stop trade abuse and terrorism.

We now have the technology to track banking transactions and no country can hide these very well. Hitler’s military build-up in 1933 was missed by most politicians, but the right to national sovereignty didn’t include the responsibility to behave.

The traditional trade relations of countries is based on cost and quality. There are also relationships that have stood the test of time and it is always difficult to break these without much lower prices.

Trump’s tariff on steel is resulting in a resurgence of US Steel with 7 new steel plants. New trade deals with Canada and Mexico are underway and more news on resolving the aluminum tariff problems is due. News on resolving commodity trade issues with China is due, but resolving China’s intellectual property theft will take some time.

Trump is planning to sell soybeans originally grown for China to the EU and others and is planning to sell liquid natural gas to the EU as well. The US and EU are talking about lowering or eliminating tariffs on cars and other products.

These trading partners are working with Trump, because he is solving some of their trade issues and clearing their path to expand their economies as well. It looks like this exercise will end abusive trade practices and contribute to higher GDP for all countries.

Norb Leahy, Dunwoody GA Tea Party Leader