This reassurance is another reason why stocks are up 9 percent (on average) since we elected Trump three months ago.
Canada is not the problem. Mexico is. Canada does not dump its welfare cases here. Canada does not nationalize our companies there. Canada isn't a narco state. Canada shares our values as the roots of both nations spread from England and not Spain.
The trade deficit favors Canada right now, but trade with Canada also helps support 7 million jobs in the US. To be sure, Canada needs us more than we need her, but she is a good trading partner.
So how did CNN report the Trump-Trudeau meeting?
Trump defends travel ban as Trudeau looks on
President Donald Trump offered an unapologetic defense of his travel ban during a joint news conference Monday with Canadian Prime Minister Justin Trudeau, saying the US "cannot let the wrong people in."
Trudeau, meanwhile, made clear that he holds a different view of the issue but said it was not his place to come to the US and "lecture" Trump on the controversial policy.Trade? What's that? That was bumped to Paragraph 13. Also, CNN failed to mention that Canada's immigration laws are tougher than the USA's.
The New York Times got the point:
Justin Trudeau and Donald Trump Discuss U.S.-Canada Trade
Prime Minister Justin Trudeau of Canada met for the first time Monday with President Trump, attempting to bridge gaps in style and strategy between the two leaders.
Few issues are as high on a Canadian leader’s agenda as the country’s ties with the United States, a warm relationship that was reflected in Mr. Trudeau’s unusually close relationship with former President Barack Obama. Many of Mr. Trump’s policies, particularly his protectionist stance on trade, are chilling for Canada, which counts on trade with the United States for about 25 percent of its gross domestic product.
A statement issued after the two leaders met suggested that Mr. Trudeau had largely succeeded in achieving his goals.But the well-being of the nation is secondary to CNN because it pushes an anti-Trump agenda.
Back when it was the only cable news network, CNN could get away with burying the news rather to push a leftist agenda.
President Donald Trump has repeatedly slammed the North American Free Trade Agreement, but he signaled Monday that one of the United States partners in the deal could face more drastic changes than the other.
After Trump met with Canadian Prime Minister Justin Trudeau at the White House, the leaders touted the neighbors' trade relationship, with Trudeau signaling they wanted to continue "effective integration of our two economies." Trump has repeatedly slammed NAFTA as a drag on American jobs, but said he thinks the U.S. gets a worse deal from its southern neighbor, Mexico, than from Canada.
"We have a very outstanding trade relationship with Canada. We'll be tweaking it. We'll be doing certain things that are going to benefit both of our countries. It's a much less severe situation than what's taken place on the southern border," Trump said at a joint White House press conference with Trudeau.That reassured the market, which climbed.
Trump's hint of unrolling a new tax policy shortly also encouraged investors.
The real story is Trump plans to grow the economy without globalism. Trade is nice, but it must be fair. Investors notice.
U.S. equity indexes hit record highs on Monday, with the benchmark S&P 500's market value topping $20 trillion as investors bet tax cuts promised by President Donald Trump would boost the economy.
Trump vowed last Thursday to make a major tax announcement over the next few weeks, adding fuel to a rally that had stalled amid worries about the potential impact of his protectionist trade stance and a lack of clarity about other policy reforms.
The S&P 500 has surged about 9 percent since Trump's Nov. 8 election, boosted by expectations he would lower corporate taxes, ease regulations governing banks and increase infrastructure spending.
Trump has also held high-profile meetings with senior executives from automakers and Silicon Valley technology companies.
"Day after day, corporate executives from a variety of industries are being brought to the White House to consult with the president. Business does seem to be back in the driver's seat, and I think that's why people are willing to pay up a little bit more for stocks," said Jamie Cox, managing partner of Harris Financial Group in Richmond, Virginia.Far from destroying the world economy through America First policies, President Trump is reviving the global economy by working with god allies to make free trade fair.
This is the real story.
Too bad CNN missed it.
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