Why We Ask: Our mission and operations are funded 100% by conservatives like you. Please help us continue to extend Liberty to the next generation and support the 2024 Year-End Campaign today.

July 31, 2018

Trump’s Trade Triumph

The media and other Trump haters can’t seem to let themselves admit it, but President Donald Trump scored a big victory for the American economy on trade last week.

The media and other Trump haters can’t seem to let themselves admit it, but President Donald Trump scored a big victory for the American economy on trade last week. Trump and the European Union reached a handshake deal that is designed to lower tariffs on both sides of the Atlantic. They agreed to shoot for zero tariffs. Sounds like freer and fairer trade to me.

The exact details are still a bit murky, but what we do know is that the EU has pledged to lower its tariffs and other trade barriers on American soybeans, oil and gas, pharmaceutical products and certain manufactured goods. Trump promised to suspend some of the auto and aluminum and steel tariffs that he was threatening to whack the eurozone with.

It gets better: The two sides also agreed in principle to find ways to combat “unfair trading practices, including intellectual property theft, forced technology transfers, industrial subsidies and distortions created by state owned enterprises,” according to a joint statement released by Trump and European Commission President Jean-Claude Juncker.

These are the very trade violations that Trump has been railing against. We don’t engage in these anti-trade activities; Europe, Japan and China do. Before Trump came on the scene, most nations denied that this cheating and stealing were even happening.

Any progress in ending these unfair trade practices is an indisputable victory for the United States. In 18 months, Trump accomplished something that no previous president of the last 30 years could.

Yet the spin from many of the pundits begins by opining that Trump was the one who blinked here. The Politico story headline was amazing: “Trump backs off new tariffs on EU in retreat from trade war.” Bloomberg also described the agreement as a “Trump retreat” and a “victory for the EU.”

Excuse me. Retreating and backing down is how you describe the losers in a fight. Trump won a first-round tko. It’s like saying Sonny Liston beat Muhammad Ali even though it was Liston sprawled on the tarp.

We have here more evidence that the American president is the master negotiator. In private meetings during the campaign, he often told me that he is not a protectionist and that he wants more trade but that it has to be fair. The objective of his tactics has always been to use the leverage of punitive tariffs to reverse foreign trade laws that discriminate against American companies and workers.

This is the key point: Trump’s tariffs are meant to force other countries to lower theirs. It’s a dangerous game, for sure, because it can risk a trade war escalation — as we are now seeing with China. But Trump has always believed that the United States has the upper hand because of our massive consumer market, and that our trading partners will be forced to capitulate sooner rather than later.

What is clear is that he has played the Europeans like a fiddle here. His threat of a 20 percent auto tariff scared the daylights out of the Germans. Those levies could cripple their already-struggling economy. The panic in Berlin is what drove the EU to the bargaining table.

Even more masterful was how Trump got the Europeans to agree to buy more American natural gas. At the start of the NATO summit back on July 11, Trump slammed Germany for a gas pipeline deal with Russia. He said this would make Europe “captive” to Moscow. The teetotalers were horrified by Trump’s “undiplomatic” outburst aimed at “one of America’s closest allies.” Yet here we are a few weeks later, and the Europeans have agreed to buy more American gas. Is it that hard to connect these dots?

I often disagree with Trump’s saber-rattling trade antics. But it’s getting harder all the time to find fault with the results.

We aren’t out of the trade-war fires yet — far from it. But if Trump can solidify this deal with the Germans, the French and the rest of the EU and get a Mexico free-trade deal signed, he can then isolate China as the bad actor on the world stage and force Beijing to stop its half-trillion dollars a year of cheating and stealing.

Do any of these things sound like the results of a president who is “retreating”?

COPYRIGHT 2018 CREATORS.COM

Who We Are

The Patriot Post is a highly acclaimed weekday digest of news analysis, policy and opinion written from the heartland — as opposed to the MSM’s ubiquitous Beltway echo chambers — for grassroots leaders nationwide. More

What We Offer

On the Web

We provide solid conservative perspective on the most important issues, including analysis, opinion columns, headline summaries, memes, cartoons and much more.

Via Email

Choose our full-length Digest or our quick-reading Snapshot for a summary of important news. We also offer Cartoons & Memes on Monday and Alexander’s column on Wednesday.

Our Mission

The Patriot Post is steadfast in our mission to extend the endowment of Liberty to the next generation by advocating for individual rights and responsibilities, supporting the restoration of constitutional limits on government and the judiciary, and promoting free enterprise, national defense and traditional American values. We are a rock-solid conservative touchstone for the expanding ranks of grassroots Americans Patriots from all walks of life. Our mission and operation budgets are not financed by any political or special interest groups, and to protect our editorial integrity, we accept no advertising. We are sustained solely by you. Please support The Patriot Fund today!


The Patriot Post and Patriot Foundation Trust, in keeping with our Military Mission of Service to our uniformed service members and veterans, are proud to support and promote the National Medal of Honor Heritage Center, the Congressional Medal of Honor Society, both the Honoring the Sacrifice and Warrior Freedom Service Dogs aiding wounded veterans, the Tunnel to Towers Foundation, the National Veterans Entrepreneurship Program, the Folds of Honor outreach, and Officer Christian Fellowship, the Air University Foundation, and Naval War College Foundation, and the Naval Aviation Museum Foundation. "Greater love has no one than this, to lay down one's life for his friends." (John 15:13)

★ PUBLIUS ★

“Our cause is noble; it is the cause of mankind!” —George Washington

Please join us in prayer for our nation — that righteous leaders would rise and prevail and we would be united as Americans. Pray also for the protection of our Military Patriots, Veterans, First Responders, and their families. Please lift up your Patriot team and our mission to support and defend our Republic's Founding Principle of Liberty, that the fires of freedom would be ignited in the hearts and minds of our countrymen.

The Patriot Post is protected speech, as enumerated in the First Amendment and enforced by the Second Amendment of the Constitution of the United States of America, in accordance with the endowed and unalienable Rights of All Mankind.

Copyright © 2024 The Patriot Post. All Rights Reserved.

The Patriot Post does not support Internet Explorer. We recommend installing the latest version of Microsoft Edge, Mozilla Firefox, or Google Chrome.