Renegotiating Trade Deals

When two countries negotiate a trade agreement, they both push as hard as they can. Both parties are pushed to the wall of what they would accept. It is naïve to think that by renegotiating, the balance point will change substantially. If the US insists on twice as good a deal, the other side will just walk away, and both sides lose. The USA is waning as a financial and manufacturing power. If anything, their clout in negotiating is not what it used to be.

~ Roedy (1948-02-04 age:69)