Trump's Winning Trade Policy

President Trump has announced the negotiation of a new trade deal with Mexico, to replace the job-killing NAFTA agreement. Fox News says the following of this action:

Trump understood the simple math that countries with which we have trade deficits would have to come to the negotiating table. By definition, we buy more from them than they buy from us, which gives us the power any major consumer has over a seller. These countries also cannot afford to lose access to our $20 trillion economy—the world’s largest.

This victory will lead to others. The leftwing government of Canada, the other member of NAFTA, had refused to negotiate seriously, perhaps believing their friends in the progressive commentariat predicting Trump’s demise.

Canada must now return, hat in hand, for a deal. If not, Trump will advance the deal with Mexico and leave Canada behind.

The European Union and China will also be greatly concerned about the Mexico deal—and more likely to negotiate seriously.

It's nice to have something to grin about on a rainy Monday.