{"id":16505,"date":"2018-10-10T13:59:14","date_gmt":"2018-10-10T18:59:14","guid":{"rendered":"http:\/\/nrgibroker.com\/?p=16505"},"modified":"2018-10-10T14:30:59","modified_gmt":"2018-10-10T19:30:59","slug":"how-president-trumps-trade-deals-could-lift-the-us-economy","status":"publish","type":"post","link":"https:\/\/nrgibroker.com\/en\/how-president-trumps-trade-deals-could-lift-the-us-economy\/","title":{"rendered":"How President Trump\u2019s Trade Deals Could Lift the US Economy"},"content":{"rendered":"<p><a href=\"https:\/\/marketrealist.com\/2018\/10\/how-president-trumps-trade-deals-could-lift-the-us-economy\">Market Realist \/ Mark O&#8217;Hara \/ October 8<\/a><\/p>\n<h4><\/h4>\n<h4><strong>Trade deals<\/strong><\/h4>\n<p>President Donald Trump has long lashed out against existing trade deals, calling them unfair to the United States. The Trump administration has been working to renegotiate several trade deals, and the focus has been on reducing the country\u2019s massive trade deficit by moving its manufacturing onshore.<\/p>\n<h4><strong>UMSCA<\/strong><\/h4>\n<p>The Trump administration has used tariffs as well as tariff threats to obtain trade concessions. Less than halfway into his presidential term, Trump has renegotiated NAFTA and KORUS FTA (the United States\u2013Korea Free Trade Agreement).<\/p>\n<p>Under the new NAFTA\u2014renamed USMCA (the\u00a0United States\u2013Mexico\u2013Canada Agreement)\u2014the United States is expected to gain access to Canada\u2019s historically protected dairy industry. It also calls for more regional content in automotive manufacturing.<\/p>\n<p>Under the new KORUS terms, South Korea relaxed the norms for automotive imports from the United States. It also agreed to a quota to obtain long-term exemptions from the Section 232 steel tariffs in the United States (QQQ).<\/p>\n<h4><strong>Section 232 tariffs <\/strong><\/h4>\n<p>Trump\u2019s trade rhetoric has received support as well as opposition. Retail and tech giants such as Walmart (WMT), Alphabet (GOOG), Apple (AAPL), and Amazon (AMZN) are lobbying against these tariffs. However, the new trade deals have allowed the Trump administration to obtain incremental benefits that are expected to support US jobs. We\u2019ve seen plant restarts in the US steel and aluminum industry after the Section 232 tariffs were implemented.<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/marketrealist.com\/2018\/10\/how-president-trumps-trade-deals-could-lift-the-us-economy\">Market Realist \/ Mark O&#8217;Hara \/ October 8<\/a><\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-16506 aligncenter\" src=\"https:\/\/nrgibroker.com\/wp-content\/uploads\/2018\/10\/President-Trump\u2019s-Trade-Deals-300x200.png\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/nrgibroker.com\/wp-content\/uploads\/2018\/10\/President-Trump\u2019s-Trade-Deals-300x200.png 300w, https:\/\/nrgibroker.com\/wp-content\/uploads\/2018\/10\/President-Trump\u2019s-Trade-Deals-450x300.png 450w, https:\/\/nrgibroker.com\/wp-content\/uploads\/2018\/10\/President-Trump\u2019s-Trade-Deals.png 600w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market Realist \/ Mark O&#8217;Hara \/ October 8 Trade deals President Donald Trump has long lashed out against existing trade deals, calling them unfair to the United States. The Trump administration has been working to renegotiate several trade deals, and the focus has been on reducing the country\u2019s massive trade deficit by moving its manufacturing [&hellip;]<\/p>\n","protected":false},"author":18,"featured_media":16506,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1516,1518,1017],"tags":[722,1895,199,1341,1795,556,1879],"class_list":["post-16505","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-international-markets","category-news","tag-canada","tag-countrys-massive-trade","tag-mexico","tag-nafta","tag-tariffs","tag-united-states","tag-usmca"],"_links":{"self":[{"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/posts\/16505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/comments?post=16505"}],"version-history":[{"count":0,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/posts\/16505\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/media\/16506"}],"wp:attachment":[{"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/media?parent=16505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/categories?post=16505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nrgibroker.com\/en\/wp-json\/wp\/v2\/tags?post=16505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}