@rmpumper: my guess is that he is trying to renegotiate nafta again.
The issue is that the last re- negotiation (usmca) was signed by trump and he himself said it was the most fair trade deal ever.
It's hard to come back from that.
So the new excuse is fentanyl and immigration.
But you can see it's not actually a real reason by the fact that Canada has been included. Everyone knows Canada is not a major source of ilegal immigrants and drugs.
And even when it comes to Mexico, trade policy does nothing to prevent fentanyl or immigration.
Fentanyl is way too concentrated and small to be able to be fully found and stopped at the border, and can easily be produced within the USA as it's a synthetic drug.
Immigration actually decreases when Mexico is in a good economical position as most immigration is economical in nature.
So, what he is trying to do is bully his way in to an unfairly favourable trade deal.
And I am not sure it's impossible to do it, as both the Canada and Mexico economy are much smaller than the USA.
So short term wise, after the inflationary period, it might work.
But you have now created two enemies in the border, that are now willing to cooperate with your geopolitical rivals when before they were favoring you.
So, as most trump desitions, this might have a short term benefit, but has already set a much bigger long term problem.
And this is without taking in to consideration inflation.
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