By Jon Dougherty
(NationalSentinel) If, as Republican operatives and analysts have speculated, economics and trade far outweigh “Spygate,” Robert Mueller, and Rep. Alexandria Ocasio-Cortez in importance to voters ahead of the 2020 election, President Donald Trump appears to have gotten that memo.
Much to the chagrin of Leftist climate alarmists and globalist #NeverTrumpers in both major political parties, the president made the G7 summit in France over the weekend all about why such conferences are held in the first place:Â Economics. Trade. And, in the president’s parlance,Â fair trade.
The Democrats on the 2020 campaign trail won’t admit it and the establishment media won’t report it, the G7 leaders, led byâ€œWhen we get these deals done, our country will be transformed,â€Â Trump said. â€œI mean, it will be monetarily transformed. Itâ€™s such a difference between the horrible, horrible one-sided deals that we had in the past. And, frankly, past administrations should be ashamed of themselves for allowing that.â€ host nation France, issued a joint statement following the conference in support of Trump’s principle economic foreign policy: That trade be mutually beneficial to all parties, not just some of them.
French President Emmanuel Macron released the declaration at the end of a three-day G-7 summit in Biarritz emphasizing â€œgreat unityâ€ among the leaders while expressing their commitment to â€œopen and fair global trade and the stability of the global economy.â€
Macron issued the statement just hours after President Trump said that China was eager to finalize a trade agreement with the U.S., and a day after Trump and Japanese Prime Minister Shinzo Abe agreed in principle to a new deal between the two countries.
â€œSadly, past Administrations have allowed China to get so far ahead of Fair and Balanced Trade that it has become a great burden to the American Taxpayer,â€ the president wrote on Twitter on Aug. 23. â€œAs President, I can no longer allow this to happen! In the spirit of achieving Fair Trade, we must Balance this very unfair Trading Relationship.â€
â€œI do think that privately these other G-7 leaders were grateful that the United States was again taking the lead,â€ James Roberts, a research fellow at the Davis Institute for National Security and Foreign Policy at conservative think tank The Heritage Foundation, told The Epoch Times. â€œSo I think this resolution where the French kind of did acknowledge some of the legitimacy of Donald Trumpâ€™s position on trade was good.â€
In addition to China and Japan, Trump said the U.S. trade team was also finalizing a deal with the European Union and is closer to getting congressional approval for the USMCA agreement — a renegotiation of NAFTA — with Canada and Mexico.
All of which Trump promised during his 2016 campaign.
â€œWhen we get these deals done, our country will be transformed,â€Â the president said. â€œI mean, it will be monetarily transformed. Itâ€™s such a difference between the horrible, horrible one-sided deals that we had in the past. And, frankly, past administrations should be ashamed of themselves for allowing that.â€
Roberts noted that by pushing allies to renegotiate or sign new trade deals, Trump is uniting them against a recalcitrant China, which will work to everyone’s advantage.
â€œNow weâ€™re all facing this threat from China, so the G-7 proved that it is still relevant,â€ Roberts said.
Simon Lester, associate director of the Herbert A. Stiefel Center for Trade Policy Studies at the libertarianÂ Cato Institute, toldÂ The Epoch Times that “the Trump administration is fighting a trade war with China but also with Europe, Canada, Mexico, and Japan.”
That said,Â Fox Business Network reported Wednesday that the U.S. Trade Representative’s office confirmed the administration will levy an additional 5 percentÂ tariff on $300 billion worth ofÂ Chinese goods starting Sept. 1.
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