"Donald Trump continues to be the grand chess player when it comes to knowing all the aspects of the deal. How so? One of the byproducts of all these new trade agreements is we got there first. Russia and China are now on the outside looking in. Well played President Trump - well played."
Dizzying. That is the only word I could think of to describe the month of July. And it is not even over as yet. It has been a month of heavy rainstorms, bumper crops, blistering heat, Canadian smoke, as well as witnessing the Art of the Deal. All that and a bag of chips, as the saying goes.
Last night was yet another wave of heavy thunderstorms. It topped of a day of tropical heat and humidity. The Canadian smoke has left us and is now plaguing the cities (like NYC) on the East Coast. Today, more heat and humidity, with a good chance of more storms towards the end of the day. Some forecasters, even put out a dire warning about our atmosphere being set up the right way for a very destructive Derecho this afternoon, with winds topping 80+mph. Let's hope they are wrong.
But in the midst of all this weather news, our President, the author of the Art of the Deal, continued to reset the trade arena for the United States and our trading partners. All of a sudden, this month, we have new trade agreements with the UK, China, the PI, Indonesia, Japan, and over this weekend, the very important EU. Instead of getting screwed by friend and foe alike, Trump level set the trading arena to much fairer for everyone. When Friday comes, whomever does not come to terms with us, will get a letter saying their tariff will be 30% going forward. It is as simple as that.
Not all things that Donald Trump have turned into a win. He is very frustrated in the lack of peace in Ukraine as well as Gaza. It is not for lack of trying - he has had his very best team (Steve Witkoff) on site time and time again trying for a peace deal. But Putin wants to ride that red horse of war into the dust. He cares not about what his warring has done to Ukraine or his country of Russia. Hard to deal with people like him. And Gaza with Hamas? They refuse to let the remaining hostages go. They know when that happens, the rest of Hamas will be no more than cannon fodder.
What will August look like? Should be very few deals to be made, as the deadline will have passed. The weather? Hopefully, Mother Nature will have settled down a bit, and the Canadian wildfires will have run out of steam. Meanwhile, more and more oil wells are being dug. More and more AI data centers are being built. More and more tariff dollars are steaming into our newly minted External Revenue Service.
Donald Trump continues to be the grand chess player when it comes to knowing all the aspects of the deal. How so? One of the byproducts of all these new trade agreements is we got there first. Russia and China are now on the outside looking in. Well played President Trump - well played.