693: 'We haven't gotten better deals' out of Trump's trade war (Video)

When asked on this episode of Plain Talk about the justification that President Donald Trump's erratic regime of tariffs is necessary to flex America's economic might and negotiate better deals, John Bitzan, director of the Challey Institute at North Dakota State University, argued that the strategy has not worked.

"We haven't gotten better deals out of this," he said.

He pointed out that the goal of getting better deals was only used as a justification after the tariffs were already imposed. In a standard negotiation, "you tell people upfront what you're trying to negotiate...instead of putting the tariffs in place ahead of time," he said.

Bitzan stated that if you look at the roughly 20 trade deals that have been made, they "are actually less beneficial to us than what existed prior to the tariffs." Plus, it's hard to say how meaningful the supposedly beneficial parts of those deals even are. He explained that commitments from entities like the European Union or South Korea to invest in the U.S. are likely hollow because they either lack the mechanism to compel private businesses to invest, or their parliaments haven't ratified the commitments.

Recently Bitzan wrote a column for the Bismarck Tribune nothing that the State of North Dakota has had to step in with a loan program through the Bank of North Dakota to try and protect farmers from the impacts of these tariffs. "It is unusual for farmers to need this kind of support based on an action that has been taken by our government," he said.

"That's the thing that I think is very disturbing about this, is that you think about if there's a drought or some kind of a natural disaster or something like that, well, yeah, then farmers are going to experience financial difficulty and we want to help them out," he continued. "But this is a situation where we're actually causing the harm ourselves to them by our policies."

Also on this episode, me and guest co-host Matt Fern discuss Rep. Julie Fedorchak's use of congressional franking privileges to promote her re-election campaign, former state lawmaker Judy Estenson pursuing the Republican nomination in a legislative district she doesn't live in, and we respond to listener feedback.

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