Trump remains dead wrong on trade deals – AEI – American Enterprise Institute: Freedom, Opportunity, Enterprise

A self-congratulatory presidential tweet this morning: “After my tour of Asia, all Countries dealing with us on TRADE know that the rules have changed. The United States has to be treated fairly and in a reciprocal fashion. The massive TRADE deficits must go down quickly!”
US President Donald Trump talks about his 12-day Asian tour that brought him to five countries in Asia, with the final stop in the Philippines for 31st ASEAN Summit Tuesday, November 14, 2017 in Manila, Philippines. REUTERS/Bullit Marquez/Pool
Of course, Asia already knew the rules had changed when President Trump withdrew the US from the Pacific trade deal back in January. But that didn’t stop the remaining 11 countries from agreeing to a modestly revised version of the Trans-Pacific Partnership over the weekend. 
See also:More reality checks on the North American Free Trade Agreement
Still, rather than reversing course, Trump apparently intends to keep pushing his idea of “rewriting

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