Today, the Mexican President took the highly unusual step of cancelling a meeting with Donald Trump. The amazing, but not wholly unpredictable result of 18 months of bellicose blather by the new President. But what does this mean for the world?
Well, I think it’s fair to speculate that any unilateral action Trump takes will elicit a reaction by Mexico and affect trade in a negative way for American consumers and businesses, which is obviously bad for the US.
Trump’s twitter rants are no way to renegotiate NAFTA, and his bullying of Mexico is not endearing – to we Americans and Mexicans alike. A better approach would have been to announce a renegotiating of NAFTA and work through the issues at the table.
That said, the wall Trump wants to build is a separate issue from NAFTA. For one thing, Trump’s been insulting towards our Southern neighbor, arrogantly proclaiming that he’s going to make them pay for his grand idea. He speaks about them like someone in high school that you can beat up and manipulate, and at this point I’d be surprised if their national mood was anything but SCREW TRUMP, even if it costs jobs and money.
So, the result is that Trump has embarrassed himself internationally and created animosity with our third largest trading partner. And it’s only week 1. This is going get really interesting. It’s like watching a semi-slow motion train wreck.