There is an interesting concept that perhaps even alternative economists, much less mainstream shills, never took into account… and that is that perhaps many of the trade deals that ended up removing American jobs twenty years ago weren’t exactly in the best interests of those who signed them.
It is this idea that may be behind the massive rush following Donald Trump winning this week’s Presidential election that is causing a multitude of country’s to publicly call for a re-negotiating of trade and other deals well before the Donald even takes the oath of office.
Philippines: Foreign Policy Deal
Canada: Nafta Trade Deal
Russia: Foreign policy (including the ending of sanctions)
European Commission virtually gives up on TTIP
And shortly following this announcement out of Europe, Congress stated that ‘ObamaTrade’ is dead in the water and there would be no confirmation of the deal under the Obama White House.
On the domestic front, optimism of new spending for infrastructure and job creation boomed just two days after Trump won the election. And besides the stock markets beginning to price in expectations of increased spending, so too are states and municipalities looking to expand their own balance sheets on the thought that the Federal government would be sending money their way to improve ‘roads and bridges’.
Indeed, it appears that Donald Trump’s victory on Tuesday was like a cork being removed from a dusty bottle of champagne, and where the stagnation of 20 years of bad and unbalanced trade agreements built on the foundations of globalism are more than ready to be replaced by cooperation and new ideas that benefit individual states rather than simply corporate entities. And this pressure which has been building now for decades is not even waiting for the 70+ days before Trump officially takes office, but is now bursting through with an optimism only previously seen by a few countries who had benefited from the sell-out agreements forged in the 1990’s.