For decades, the global elite have warned against the use of tariffs as a tool for negotiating trade deals. They argued that such a move would only invite disaster and lead to economic turmoil. However, in a surprising turn of events, President Donald Trump has signed three major trade deals that have defied this conventional wisdom and have proven to be game changers for the American economy.
The first of these deals was the United States-Mexico-Canada Agreement (USMCA), which replaced the outdated North American Free Trade Agreement (NAFTA). The USMCA was a major victory for President Trump, who had long criticized NAFTA for its negative impact on American workers and industries. The new agreement includes provisions that will benefit American farmers, manufacturers, and workers, while also addressing issues such as intellectual property rights and labor standards.
The second major deal was the Phase One trade agreement with China. For years, China has been engaging in unfair trade practices, such as intellectual property theft and currency manipulation, which have hurt American businesses and workers. President Trump’s tough stance on China and his use of tariffs as leverage have finally resulted in a deal that will level the playing field for American companies and workers. Under the agreement, China has committed to purchasing billions of dollars’ worth of American goods and services, as well as implementing structural changes to its trade practices.
The third and most recent trade deal is the United States-Japan Trade Agreement. This deal, which was signed in October 2019, is a major win for American farmers and ranchers. Japan has agreed to reduce or eliminate tariffs on $7.2 billion worth of American agricultural products, including beef, pork, and wheat. This will provide a significant boost to the American agricultural industry, which has been struggling due to the ongoing trade war with China.
These three trade deals have proven that President Trump’s approach to trade negotiations, which involves using tariffs as leverage, can be successful in achieving fair and beneficial outcomes for the American economy. This approach has been met with skepticism and criticism from the global elite, who have long championed free trade and warned against the use of tariffs. However, the results speak for themselves.
The USMCA, Phase One trade agreement with China, and the United States-Japan Trade Agreement are all evidence that President Trump’s trade policies are working. These deals have not only brought tangible benefits to American industries and workers, but they have also strengthened America’s position in the global economy.
Critics may argue that these deals have come at a cost, as the use of tariffs has led to retaliatory measures from other countries and has caused some short-term economic disruptions. However, the long-term benefits of these deals far outweigh any temporary setbacks. The USMCA alone is estimated to create 176,000 new jobs and add $68.2 billion to the US economy.
President Trump’s trade policies have also shown that he is willing to stand up for American interests and put America first in trade negotiations. This approach has been a refreshing change from past administrations, which often prioritized the interests of other countries over those of the United States.
In conclusion, President Trump’s trade deals have proven to be game changers for the American economy. They have defied the conventional wisdom of the global elite and have brought tangible benefits to American industries and workers. These deals have also strengthened America’s position in the global economy and have shown that the use of tariffs as leverage can be an effective tool in achieving fair and beneficial trade agreements. As we move forward, it is clear that President Trump’s approach to trade negotiations will continue to put America first and bring positive results for the American people.
