Trading with Trump requires street intelligence

US president Donald Trump Written a regulation for new import duties over the weekend for Mexico, Canada and China.

Things progressed quickly. All the countries below the Customs promised the new ones. On Monday, the stock market opened around the world – including in Europe, as Trump said the EU was in the next queue.

Trump is particularly annoyed by the mismatch between the US and the EU. According to the US Trade Authority, the trade deficit was over EUR 200 billion last year.

As the day progressed, Trump discussed both the Mexican President Claudia Sheinbaumin that the Prime Minister of Canada Justin Trudeaun with. Eventually, the entry into force of the customs was postponed for both countries by month.

According to Trump, he had agreed with Sheinbaum that Mexico would bring 10,000 soldiers to the border to prevent the arrival of illegal migrants and fentanyl drug into the United States.

Already in 2019, the United States and Mexico signed a trade and security agreement, which has resulted in about 15,000 Mexican National Guards to monitor the border.

According to Trump, Canada also promised to stop the flow of fentanyl to the United States. According to the news company CNN, only about 0.2 % of the US -seized fentanyl has been seized at the Canadian border.

Trudeau said after discussing with Trump that Canada will introduce a previously published border plan, which will invest more than $ 1 billion. In addition, Canada sets a special office to solve the fentanylly problem and sets the drug cartels on its terrorist list.

At the end of the day, the American stocks that opened up hard decline had almost closed the pit. In this installment, the duties came into force only to China, who responded with their own duties.

Europe is still loose in a log. At the beginning of the week, Brussels focused on strengthening the EU defense, but also possible US customs and responding.

Prime minister Petteri Orpo (Kok) was of the opinion that instead of starting a trade war with Trump, we had to negotiate. Not all EU leaders were as mediating in their statements.

The line that respects the United States is raw realism for Finland, but the EU also has a lot to lose if it starts unnecessarily escalating the situation. It is worth keeping your emotions under control.

Trading with Trump also requires street intelligence. You can learn from Mexico and Canada.

Trump is a deal maker who uses hard language and requires great pre -to -do. However, the situation can be made to calm with surprisingly small, even negligible concessions that Trump can frame as a victory.

For example, Europe could promise to buy more LNG and weapons in the United States, which it should in any case have to get there.

Even in the disruption of unfair competition in China, the EU and the United States could easily find joint solutions that benefit both parties.