(Zero Hedge) – Having realized (perhaps) that taking China one on one will be difficult, not to mention lead to major stock market losses, Trump has decided to spread the pain, and is quietly building an army coalition of nations to join the US in the trade war against
(Zero Hedge) – Having realized (perhaps) that taking China one on one will be difficult, not to mention lead to major stock market losses, Trump has decided to spread the pain, and is quietly building an army coalition of nations to join the US in the trade war against China. The first stop: Latin America.
Trump is due to make his first visit to the region next week to attend the Summit of the Americas in Lima, Peru, a trip which comes as his administration is waging a trade battle with China on one front and and pushing to overhaul NAFTA on the other. While there, Trump will make the case case that the US – and not China – should be the trade “partner of choice” for Latin America, a senior administration official said on Thursday told Reuters.
“President Trump has been very clear … in terms of his economic policies that the Chinese economic aggression in the region has not been productive for the hemisphere and that the United States should remain the partner of choice for them,” the official told reporters on a conference call.
Trump will deliver an address to the summit where he will talk about “shared values” in the hemisphere and the need to reduce drug trafficking, the official said. Substantive discussions on NAFTA are not expected at the summit, the official said.
Ironically, the trip also comes as Trump has been raging against migration from the region, having recently successfully halted a “migrant caravan” from Guatemala headed for the US in hopes of obtaining asylum.
