There is intense interest in the present meeting in Singapore of President Trump and Kim Jong-Un. Some observers are hoping it fails, because it is Trump, of course.
Bill Maher thinks President Donald Trump’s agreement to meet with North Korea’s Kim Jong-un is “so crazy, it just might work.” Faint praise indeed.
More important is this article from Asia Times.
Unlike his father, the 34-year-old Kim has been active in pursuing pro-market economic growth and may be aiming to emulate Deng Xiaoping, the architect of China’s reforms in the late 1970s. Kim’s recent sacking of three senior old-guard military officials may hint that he is ready to offer some important concessions to prepare a favorable diplomatic environment for concentrating on economic development.
Some interesting ideas there.
Meanwhile, the G7 trade talks went nowhere and that might be just as well.
In the past 25 years all manufacturing and investment into Mexico and Canada has been reliant on their position to exploit the NAFTA loophole; the backdoor access to the U.S. market. If Trump shuts down that loophole, and brings the manufacturing and assembly back to the U.S., investment North and South of the U.S. border will drop exponentially and the Canadian and Mexican economies will likely shrink rapidly.
We live in interesting times.