Here's the take of Paul Craig Roberts, United States Assistant Secretary of the Treasury for Economic Policy under President Reagan:
Here is the deal, as Trump made perfectly clear in his speech. He is temporarily pulling the US out of the Paris Accord while he immediately opens negotiations to rejoin the Paris Accord on terms less burdensome to Americans. In other words, the “pull out” is a face-saving gesture that will result in a small reduction in America’s share of the cost. We will have a “Trump victory” and no damage to the Paris Accord.Remember, in real time, I reported at EPJ while Trump was delivered his accord speech:
Wow did he buckle?Trump has not delivered on anything he has promised. He has not repealed Obamacare. He is escalating overseas military activity. So do we really believe he is going to dump the Paris Accord when he has not followed through on anything, in terms of shrinking the government?
Trump also said he will begin to try and renegotiate the Accord so that the U.S. can reenter the agreement:
"But begin negotiations to reenter either the Paris accord or really an entirely new transaction with terms that are fair to"
Paul Craig Roberts is probably on to something.
Trump is a street hustler who managed to hustle himself into the White House. Anybody that takes Trump at his word at headline level at this point in time is so far under the ether that I don't think there is any hope.