Sunday, July 29, 2018

Donald Trump's meeting with Jean-Claude Juncker was a victory in the trade war

President Donald Trump of the United States of America, and President Jean-Claude Juncker, representing the forces grouped under the banner of the European Union, agreed to cease further hostilities and attempt to work out a permanent peace treaty that enshrines the right of all nations to free and fair trade.

This being only a truce, rather than a treaty, there was no band present to strike up either "The Star Spangled Banner" or the "Ode to Joy." The teetotaller American and the reportedly grape-loving Luxembourgish politician made the announcement in the White House Rose Garden, after which Trump retired to toast his victory with a chocolate shake and Juncker departed for some champagne, possibly in a quantity that critics say caused him to stumble at a recent NATO meeting, a stumble Juncker attributes to a painful attack of sciatica.

Which the E.U. has done, proving that Trump is not a mad protectionist at least for now, a champion of freer, fairer trade that will benefit American workers, farmers, and businesses.

While China's President, Xi Jinping, his debt-laden economy slowing, is shopping the world for allies in the Asian theater of the trade war, Trump has enlisted Europe in his battle to end the trade practices that China has used and is using to achieve dominance in the industries of the future.

Ironically, one such is Whirlpool, which benefitted late last year from the first shot in the trade war when Trump imposed tariffs on imported washing machines with which Whirlpool could not compete.

What Trump tariffs giveth, Trump tariffs taketh away.

https://www.weeklystandard.com/irwin-m-stelzer/donald-trumps-meeting-with-jean-claude-juncker-was-a-victory-in-the-trade-war

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