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Reuters: Trump says he might not renew USMCA
(www.reuters.com)
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That would be cataclysmic for the economy of all three nations. Truly an unforced error. I really think it's just bluster though.
He's saying it because he thinks he can get more concessions from both countries if he threatens to tank the deal.
It's like negotiating with a terrorist. It is all in bad faith and his goal is to terrorize, not make a deal. His deals are not even worth the paper they are printed on. We should tell them to pound sand, they will only make a deal that is a zero-sum where they are in the positive.
We should primarily not respond to Trump or the US ambassador's inflammatory remarks and keep finding new trading partners. Any verbal emotion based reaction serves as an excuse for them to do something against our existing trade with them.