Yes, Trump I believe already said there might not even need to be a formal signing. However, it seems Trump is seeking a deal to balance trade. So doing that with India seems impossible unless we buy less and they buy more. Perhaps the quota does that but if it is just using quotas then quite a bit of trade is going to be coming via tariffs because the U.S. imports of drugs. steel and auto parts, are so severely lopsided with India exporting so much. Anyway, I think Trump is making progress. I still will say though that if these are handshake deals that business will be reluctant to act. Many may just wait for the next President and the impending lawsuits on tariffs before finalizing more long -term production agreements. The exceptions are those can produce in the USA for a reasonable cost. The other exception is that most companies will continue to move away from China. This is already occurring. They seem too toxic to base a long term plan on as long as they express the retaking of Taiwan.
I agree, but once we start producing, the dependence may not be so lopsided after all, we gutted our manufacturing. I don't think Trump is a total loon, and I'm sure he understands this.
Yesterday's press conference with Carney surprised me in that even Carney backed up Trump in front of the press, but liberal media focused on the "Canada is not for sale" headline, but Trump agreed. It's almost as if they copy each other. (rant) Carney said that negotiations are a process and he understood where Trump was coming from, and he funny thing is that Trump said we will protect Canada no matter what.
If we didn't give our manufacturing away for cheap labor and a dream that China would become a Democracy, we wouldn't be worried about Taiwan. America not having an industrial policy and relying on the reserve currency has put us in this situation, and now we sanction China and are willing to go to war because we lost the upper hand? I bet you a blessing point that if we are still on this planet, that as soon as we become self-sufficient, we'll give Taiwan away. This isn't the first time we've left a country hanging.
China is in the same boat as us, but opposite. All their eggs are in manufacturing, and because of the war and the global slowdown, and soon recession, their plants are closing down. There is turmoil over there, and the reason for Switzerland. I also heard it's so bad over there that they aren't posting the monthly economic data, so they can't be trusted, as history has shown. Their face over truth.
What other countries don't realize it will be better for their work if they take up some of China's market share, and many are starting in Biden's administration with rare earths. All I can do is hope and pray, but the good book points to a different direction for mankind.
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