- Former Trump and Wilber Ross, Wilber Ross, It warns that although the United States has made remarkable progress in commercial negotiations, excessive confidence can lead American negotiators to a strong payment that foreign governments cannot provide. It is especially concerned that “Chesty” tactics with complex partners like the European Union can stop agreements – something Jimmy Damon ultimately warned the competitors of America.
As the largest economy in the world, America can be somewhat confident in its negotiating power with commercial partners. However, the The Trump administration cannot exaggerate operating its hand Because it may lead the allies to the arms of competitors, according to experts such as former Minister of Commerce Wilber Ross and Jimmy Damon.
This is a scenario Jpmorgan Chase CEO Damon The alarm appeared since Trump made his customs tariff agenda. When writing this year’s letter to shareholders, “White Knight of Wall Street” was written that the first America is “good” as long as it does not lead to “America alone”.
Meanwhile, Wilber Ross, former Trade Minister Trump, is concerned that the heel of Achilles of the administration may prove that his confidence – is heavily driven by signing frameworks quickly with the likes of the United Kingdom and China.
Ross said that in general President Trump and his team are believed to deal with negotiations well and have already achieved some major goals. But he added his only fear is for the government to obtain “Chesty”.
He said luck In an exclusive interview: “The fact that it has made great progress as much as it shows the main strength of the United States to carry people to attend.”
“In fact, my only fear is that if our government feels a great degree of progress, they may exaggerate the difficult levels – perhaps even impossible – for other countries you should give in. This is my biggest anxiety now because it is easy to get early successes.”
In addition to an agreement with reaching the United Kingdom and a working framework with China, positive signals also come out of talks with India and Japan.
Minister Ross added, “What I think is very important (he) … although they took initiatives with about 70 countries, in fact, there are only four or five speaking a big difference because it is the one that drives the needle, and (Trump) appears to be working well.”
“With, I would like to say, exception to the European Union … it is very difficult for the European Union to make commercial concessions because it is not a really one entity. I got 27 member countries and each of these goals has a different set of goals, but each has a veto power, so it is very difficult to get a deal with the European Union.”
He added that the European Union may be one of the “slower” deals, while Japan, China and Vietnam are expected to be “somewhat fast.”
Problem areas
European Union Trump previously claimed that he was created with a single goal, working against AmericaMinister Ross said that it is likely to be among the areas that are likely to form a problem if the Oval Office is very confident of its approach.
Indeed, the president was charged with frustration Not applying when it comes to negotiating with the European UnionIn the past, a boat on the social truth has published that the European Union will face a 50 % tariff because of its lack of work. Then a 50 % tariff was stopped for 90 days.
When asked before luck Minister Ross said: “The region that may lead to a dead end in talks,” The European Union is definitely a possibility, simply because it is difficult for them to take a unified front.
“But a person like Vietnam, who imposed a huge tariff … someone surprised me a little frankly because the reason for our commercial deficit that Vietnam suddenly launched is that there is a lot of the movement of the factory from China to Vietnam.”
Keeping the European Union in particular is a major concern for DIMON, due to its history and the fragmentation of the potential mass.
“This will be difficult, but our country’s goal should be to help make European countries stronger and keep them close. If the economic weakness in Europe leads to fragmentation, the scene will look like the world before the Second World War,” he wrote earlier this year. Such a crushing, over time, would increase European dependence on China and Russia, and mainly transforms the former uncle Sam into “subsidiaries” for their competitors.
This story was originally shown on Fortune.com
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