For the past two days everyone has been scrambling to try to figure out the reasoning behind Trump’s latest flip-flop on NAFTA. Speculation and rumors behind the controversial flip, which is sure to annoy some of his most ardent supporters, have ranged from Trump being convinced by Wilbur Ross that it would result in massive jobs losses in key battleground states to very convincing calls directly to Trump from Mexican President Pena Nieto and Canadian Prime Minister Justin Trudeau. But, a new revelation from the Wall Street Journal seems to suggest that former Goldmanites Gary Cohn and Steve Mnuchin, the globalist faction of Trump’s White House, have been pulling the strings on trade behind the scenes from day 1.
Per the WSJ, the conventional story behind Trump’s NAFTA flip goes something like this:
As rumors spread of the possible action, Mexican President Enrique Pea Nieto called the president urging him not to pull out of the accord. ‘Let me think about it,’ Mr. Trump said. Within a half hour a call came in from Canadian Prime Minister Justin Trudeau with a similar request. After the talks, Mr. Trump was convinced ‘they’re serious about it and I will negotiate rather than terminate,’ the president said in an interview with The Wall Street Journal on Thursday.
This post was published at Zero Hedge on Apr 28, 2017.