Global Trade Order on Verge of Collapse?
- Global Trade Order on Verge of Collapse?
by Christian Gomez, https://www.thenewamerican.com/
Reaction to President Trump’s pending tariffs on steel and aluminum from China and the E.U., as well as his tough demands on both Canada and Mexico in the ongoing NAFTA renegotiations, has been that of panic among globalists and their establishment media pundits. Many in the international community are clamoring that the end of their beloved Bretton Woods system of globally managed commerce and overlapping regional governance-building “trade” schemes is at hand.
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On Friday, Trump warned about possible new sanctions on cars from the European Union via Twitter:
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Based on the Tariffs and Trade Barriers long placed on the U.S. & its great companies and workers by the European Union, if these Tariffs and Barriers are not soon broken down and removed, we will be placing a 20% Tariff on all of their cars coming into the U.S. Build them here!
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On Sunday, the president again took to Twitter, reiterating his commitment to putting American workers first and no longer letting the United States fall victim to an international system that benefits other countries at America’s expense.
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“The United States is insisting that all countries that have placed artificial Trade Barriers and Tariffs on goods going into their country, remove those Barriers & Tariffs or be met with more than Reciprocity by the U.S.A. Trade must be fair and no longer a one way street!” Trump tweeted.
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Trump’s ultimatum for fair trade that is reciprocal and equally beneficial to the United States is causing many overseas observers to panic, fearing an end to their globalist trade regime.
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