|Winston Churchill back in Trumps' White House...|
Trade Deals Working For All AmericansJulian Bray writes: A series of new policies have started to appear on the White House website, so we thought it would be a good idea, possibly helpful even, to assist the new President by examining each of these in full, to see if we could add to the initial debate. The White House text is in black, our thoughts in blue.
With respect, no one has ever forced America to do anything. But what seems to have happened is that when an American firm gets a contract it then seeks to offload parts of it to sub-contractors, who will probably off-shore their part of the contract, making a turn on each transaction. This might be the reference to insiders quoted by President Trump . As an example: It become obvious with any regeneration project after a period of warfare or conflict. Large Us firms have already packaged the deals before other Allies are even given a look in. Take the cruise industry, many new US mega cruise ships are being built, but not in the USA. Carnival have several already booked with French shipyards, for severfal eyars to come. 'Flags of convenience' will be routinely used to circumvent domestic laws and the ships will be internationally crewsed with just a 'handful' of American nationals.
"With a lifetime of negotiating experience, the President understands how critical it is to put American workers and businesses first when it comes to trade. With tough and fair agreements, international trade can be used to grow our economy, return millions of jobs to America’s shores, and revitalize our nation’s suffering communities.
This strategy starts by withdrawing from the Trans-Pacific Partnership and making certain that any new trade deals are in the interests of American workers. President Trump is committed to renegotiating NAFTA. If our partners refuse a renegotiation that gives American workers a fair deal, then the President will give notice of the United States’ intent to withdraw from NAFTA."
You can understand why President Trump would seek to undo what is known as NAFTA The goal of NAFTA was originally stated as eliminating barriers to trade and investment between the U.S., Canada and Mexico. The implementation of NAFTA on January 1, 1994 brought the immediate elimination of tariffs on more than one-half of Mexico's exports to the U.S. and more than one-third of U.S. exports to Mexico.
Within 10 years of the implementation of the agreement, all U.S.-Mexico tariffs would be eliminated except for some U.S. agricultural exports to Mexico that were to be phased out within 15 years. Most U.S.-Canada trade was already duty-free. NAFTA also sought to eliminate non-tariff trade barriers and to protect the intellectual property rights on traded products.
All well and good but due to lax policing of the NAFTA deal some of the bargains struck do not stand up to rigorous audit. Many people have individually become uber-rich on the back of a NAFTA deal at the expense of others. This has led to whole states within the USA being ignored and literally left to rot, the 'rustbelt' is a term that is often used to identify these regions. Unemployed and disadvantaged people seldom participate in voting at elections and this to a 'regular' politician would not be of interest. Viewing the prospect as a business proposition does however have attractions, but the cost of providing the infrastructure could be the huge 'fly in the ointment'. Clearly with 21st century prefabricating, the time line could be compressed but President Trump initially only has four years so he had to start producing significant results within 2 years!
In addition to rejecting and reworking failed trade deals, the United States will crack down on those nations that violate trade agreements and harm American workers in the process. The President will direct the Commerce Secretary to identify all trade violations and to use every tool at the federal government’s disposal to end these abuses.
This one is interesting as say 40 years ago, it would have worked but these days Globalisation is king. Not all American companies are wholly owned by Americans and equally Americans own or have borrowed international funds to acquire stock or take over organisations. So how will the presidents men deal with that?
To carry out his strategy, the President is appointing the toughest and smartest to his trade team, ensuring that Americans have the best negotiators possible. For too long, trade deals have been negotiated by, and for, members of the Washington establishment. President Trump will ensure that on his watch, trade policies will be implemented by and for the people, and will put America first.
By fighting for fair but tough trade deals, we can bring jobs back to America’s shores, increase wages, and support U.S. manufacturing.
Fine words but before you put Americans back to work you need to first give them the tools, I think Winston Churchill thought of that and published volumes too... Thwe president should also consider that many deals are part of a shared deal involving several competing internationally owned technologies. If the Japanese own the patent and an American firm is manufacturing under license how will that work?
JULIAN BRAY +44(0)1733 345581 Aerospace & Incident Management Expert, Journalist & Broadcaster, Aviation Security & Airline Operations, Travel / Maritime & Cruise Industry, NUJ, EQUITY, LIVE ISDN LINK, Broadcast ISDN COOBE ++44 (0)1733 345020 e&oe Old faithful NOKIA: 07944 217476 www.aviationcomment.com