“This will smell much more like NAFTA 0.0 to the Mexicans. Domestically for Trump it might be a winner, however: no need for a wall, let tariffs do the work! Yet internationally, the message to China is clearly ‘We play ultra hardball’,” says Michael Every, a strategist at Rabobank . “Does that sound like a US-China trade deal can be done on terms Beijing will agree to? (“No”, is the answer for those economists who still think this all about economics and hence the answer is automatically “Yes”.)”
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