U.S. Secretary of Commerce Wilbur Ross listens as U.S. President Donald Trump speaks during a meeting in the Cabinet Room about immigration at the White House in Washington, D.C., U.S., June 20, 2018. REUTERS/Leah Millis
Reuters: Ross says U.S. must create 'more painful' environment in trade: CNBC
WASHINGTON (Reuters) - Commerce Secretary Wilbur Ross said on Thursday the United States needs to make it harder for its trading partners to have high trade barriers in order to achieve President Donald Trump’s ultimate goal of lower barriers and a level playing field.
“What we have to do is create an environment where it’s more painful for these parties that have these huge trade barriers, both tariff and non-tariff, got to make it more painful for them to keep those barriers than to get rid of them,” he told CNBC.
“In the particular case of China, it’s compounded by their disrespect of intellectual property, the forced technology transfers, the cybersecurity breaches.”
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WNU Editor: No one is believing that the U.S. will make do on these threats .... Trudeau says he can't imagine Trump damaging U.S. by imposing auto tariffs (CTV). For the past year I have been telling everyone that they should NOT underestimate U.S. threats .... but everyone is still in denial.
3 comments:
Trudeau could be a propaganda anchor, I'm sorry I meant news anchor, on the failing CNN outrage actor network. ..Fits right in
The US is pivoting back to its norm, prior to the WWII post war guardianship.
The key to this pivot is the vast reserves of oil and gas under the soil of CONUS.
For all intents and purposes the US is fast becoming energy independent and a major exporter of oil and gas. This fact gives the US far more freedom on action than its' had over the last 40 years. Old alliances aren't needed but new ones are.
China is a rising threat far greater than Russia ever was, and Europe is useless to the US in resisting China, in fact Europe is likely to help China against the US's interests. If a nation isn't useful to the US against China, it will be degraded in importance.
So watch the US tighten up its alliances by reducing them and expecting much more from what's left, including Canada. I think the world will be seeing fewer security guarantees from the US and more demands to buy American and setup shop in America for the guarantees the US will offer.
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