LARRY KUDLOW: A new playbook and pecking order

Less than a week of the day of liberation, the White House seems to have changed the procedure for both PlayBook and its mutual tariff campaign.

Perhaps Stock market divingor or phone calls of foreign leaders, or both invested in shift President Donald Trump Strategy – Negotiations and Non-talks.

Just call. Common sense.

As someone who strongly protects his mutual trade policy, I would say that this is a very good thing.

At the Oval office, he gave Israeli Prime Minister Benjamin Netanyahu signed a signed copy of the “Art of Transaction”. How fit is it?

Last night in my Interview with Treasury Secretary Scott BessentHe spoke about being a very busy head in the next few months.

“I can say that there are now 50, 60, maybe almost 70 countries who have approached us,” said Mr. Beston. “So it will be a busy April April, it may be in June.

And, in addition to the change in the negotiation schedule, it also seems to have changed in terms of peking.

Suddenly, Mr. Baseen seems to be a leading negotiator.

Now put it here how Mr. Trump’s press secretary, Caroline Levit.

“Just yesterday, President Tramper met a bilateral meeting with Israeli Prime Minister Benjamin Netanyahu at the White House,” he said. “Yesterday, the president spoke to Japan’s prime minister who wants to negotiate. The President also spoke with the current South Korean president. He to manage those talks.

There was a time when Trade Secretary Howard Lutnik was appointed a leader negotiator, but Mr. Best seems to replace him.

And this body is good for a real approach to mutual trade transaction.

Both Mr. Besten and the US trading representative are more flexible, associated with the so-called Mutual tariffs are first posted on Liberation DayA number are very high.

That is that they rely on a lot of way Eliminate the American trade deficitA number of severe flawless and miscalculation.

Think so.

This means that we will buy more imports when we grow.

Is The main purpose of mutual tradeHowever, export markets will open America, who have been previously closed, or due to high tariffs or non-tariff obstacles.

In other words, the access to the market should be a key goal, without printing the trade deficit.

The latter could go down if the former will be successfully opened.

The only way to guarantee the product balance is a long-term deeper decline, and of course no one wants it.

Mr. Trump’s counselors did not agree with it. However, I believe that the real purpose of Mr. Trump’s thinking is Zero tariffs and zero non-tariff barriersA number

And when you look at countries like India, Taiwan, Vietnam, Japan, South Korean or Europe, there are many works to be done for both tariff and non-tariff obstacles to the field.

But the tariff gaps are not close as big as Mr. Trump’s original list will offer if it is properly calculated without eliminating the unnecessary purpose of eliminating the trading gap.

Now let’s go for good commercial deals. It’s the order of the day.