President Trump’s impromptu remarks from inside the Ford F150 plant will probably not make headline news because, well, quite frankly, what President Trump says below is something the financial media just don’t want to discuss.
This is really an important point. In the era where information is skewed based on the interests of the organization sharing the information, government or private sector media, it is extremely valuable to just listen to what President Trump says directly. In comments such as this brief segment below, you can see exactly where he is going with manufacturing and trade policy.
Specifically pay attention to how President Trump emphasizes, then reemphasizes the irrelevance of the USMCA from his perspective. As we have noted all along, the Trump administration (USTR Greer) will abandon the trilateral USMCA this year and instead begin a formal process for two bilateral free trade agreements.
Now, the entire financial media system is pretending this is not going to happen, especially in the statements by every stakeholder north of the border. However, listen to how President Trump himself describes the USMCA or CUSMA as the Snow Mexicans like to call it. Trump is completely nonplussed about what is going to happen. WATCH:
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