The Trump Effect: Nations around the world rushing to re-negotiate deals with U.S. even before he gets into office

There is an interesting concept that perhaps even alternative economists, much less mainstream shills, never took into account... and that is that perhaps many of the trade deals that ended up removing American jobs twenty years ago weren't exactly in the best interests of those who signed them.

It is this idea that may be behind the massive rush following Donald Trump winning this week's Presidential election that is causing a multitude of country's to publicly call for a re-negotiating of trade and other deals well before the Donald even takes the oath of office.

Philippines:  Foreign Policy Deal

Trump has barely been president elect for one day, and he is already fixing the foreign policy mistake of his predecessor.

What a difference a presidential election makes: after lashing out on an almost daily basis at outgoing American president Barack Obama, calling him “son of a whore” and telling him he can “go to hell”, Philippine President Rodrigo Duterte joined Vladimir Putin in congratulating Donald Trump on his election success, and said on Wednesday he now wishes to stop quarrelling with the United States, recalling his anger at the Obama administration for criticising him.

The maverick leader, incidentally known as “Trump of the East” for his unrestrained rants and lewd remarks, has repeatedly hit out at Washington in recent months, threatening to cut defense pacts and end military joint drills. “I would like to congratulate Mr. Donald Trump. Long live,” Duterte said in a speech to the Filipino community during a visit to Malaysia.

— Zerohedge

Canada:  Nafta Trade Deal

The Canadian government would reconsider the terms of the North American Free Trade Agreement (NAFTA) with Trump’s team, according to the ambassador to the United States, David MacNaughton.

“Obviously any trade deal can be improved, and to the degree that the president-elect of the United States wants to see improvements to NAFTA, we’d be happy to sit down and talk,” he said as quoted by CBC News Network.

— Russia Today

Russia:  Foreign policy (including the ending of sanctions)

With Donald Trump as US president-elect, there is a chance the sanctions against Moscow would be curbed, suggests Russian Economic Development Minister Aleksey Ulyukaev.

”I can only say that the window of opportunity is opening and we will use it,” he said in an interview with German newspaper Die Welt, quoted by RIA Novosti. He was asked about the future of US sanctions against Russia.

— Russia Today

European Commission virtually gives up on TTIP

EU trade ministers are meeting in Brussels amid growing pessimism over two trade deals that Brussels has been negotiating with the US and Canada, both of which have faced increasing opposition, but which have now been dealt a huge blow following the election of Donald Trump as US president.

’TTIP is Now Dead’

Trade ministers in the EU are now struggling to understand where to go with their latest trade deal — the controversial EU-US Transatlantic Trade and Investment Partnership (TTIP) — which has already run into significant opposition within Europe.

— Sputnik News

And shortly following this announcement out of Europe, Congress stated that 'ObamaTrade' is dead in the water and there would be no confirmation of the deal under the Obama White House.

On the domestic front, optimism of new spending for infrastructure and job creation boomed just two days after Trump won the election.  And besides the stock markets beginning to price in expectations of increased spending, so too are states and municipalities looking to expand their own balance sheets on the thought that the Federal government would be sending money their way to improve 'roads and bridges'.

State and local governments around the U.S. have issued $149 billion in bonds for new infrastructure projects thus far this year, putting 2016 municipal borrowing on track to surpass each of the past five years, according to Thomson Reuters data.

Much of the new bond issuance happened in the second and third quarters, after a long stretch of low borrowing. Total bond issuance, including refinancing, has reached $388 billion, also a five-year record.

On Tuesday, voters across the country authorized state and local governments to borrow another $55.7 billion for similar projects, according to Ipreo. It was by far the most borrowing approved since 2008.

— Market Watch

Indeed, it appears that Donald Trump's victory on Tuesday was like a cork being removed from a dusty bottle of champagne, and where the stagnation of 20 years of bad and unbalanced trade agreements built on the foundations of globalism are more than ready to be replaced by cooperation and new ideas that benefit individual states rather than simply corporate entities.  And this pressure which has been building now for decades is not even waiting for the 70+ days before Trump officially takes office, but is now bursting through with an optimism only previously seen by a few countries who had benefited from the sell-out agreements forged in the 1990's.