The Guardian view on Trump’s trade betrayal: rhetoric hides trickle-down economics on steroids | Editorial

IN 2020, Donald Trump canceled the North American Free Trade Agreement, to replace it with “”The United States Convention, Mexico CanadaAnd that was proud of it was “justice, the most balanced and useful” at all. This agreement between the three countries explicitly prohibits the high customs tariffs beyond what was agreed upon. However, upon his return to the White House, Trump immediately threatened the sharp drawings on The goods from Canada and Mexico – the main US allies – are declining only after they made the distinctive symbol Concessions On drug and illegal immigration. Now, he pledges fresh Steel and aluminum Definitions, a direct blow to Canada.

Mr. Trump is taking advantage of Presidential emergency powers To pay these definitions with no real restrictions. The bottom line is the United States breaks its word. Friends, such as the European Union and UKAs well as opponents like China It is also under a threat. The allies will think twice before signing the deals with Washington, for fear Future betrayal. However, Mr. Trump’s administration does not care – it is prosperous to challenge global standards. Skip this year G20 Summit – Quoted from the concentration of the South Africa on diversity, equality and climate work, in addition to the installation of Elon Musk on South African white farmers – Trump is studying a departure from International Monetary Fund and the World Bank.

The United States was Linchpin for post -war. It controls the world Financial, technological and military Networks. While competition Parallel The systems are emerging, nothing yet defies the dominance of the United States. But Mr. Trump’s talk about American power through isolation suffers from his direct political goal: to re -mobilize the power of companies as economic populism. Mr. Trump sells definitions as a shield against globalization, claiming that he protects workers – while already strengthening Wall Street. Most wealthy countries use – including the United States – Industrial policiesExport subsidies and definitions to build their economies before switching to consumption -based growth. The United States has gone further in this regard, as its industries took out to a greater extent than Germany and Japan.

China It has not yet turned towards the economy moved by consumption. However, Mr. Trump persuaded many Americans that globalization alone has fueled China’s height on its expenses – deliberately distorting. It is true that imports are from the cost of China 3.7m US jobs, most of them are manufacturing. But this is a small part of the 170 million American workforce. Since 1970, the United States Imports Since the total local product share has increased from 5 % to 15 %, however, the average gross domestic product for the modified individual Three times.

Globalization has proven a golden age for the few, not many. Work protection has been dismantled in the United States and medium wages. Since 1970, the summit 0.5 % Their share of our wealth doubles, and now control of 30 % of the country’s total assets. The biggest victory for politics was in the first term of Mr. Trump A. 1.9 USD tax reduction – Gift for millionaires and companies. But it was temporary and it is scheduled to end this year. Now, and White House He wants to make it permanent, at a very high cost – $ 4.6 trillion – so nothing else can be done.

Since 2016, both Party The claim that it supports commercial policies that help us to workers by settling the stadium. However, so far, Mr. Trump’s introductory threats are often a political theater. It faces difficult to trade while its main goal of politics is to continue to transform wealth into the elite by following the stimulant economy. The United States has not lost to globalization – it was sabotaged from the inside. Politicians, especially RepublicansFalsify the system to serve the capital on the work. Mr. Trump blames foreigners for hiding real betrayal – constant deception at home.

• Do you have an opinion on the issues raised in this article? If you want to provide a response of up to 300 words by email to be considered to be published in our Messages Please section Click here.