There are no concrete asks from the US. The president appears to vehemently believe that tariffs will “generate revenue”. There is also the unhinged proposition to absorb Canada as the 51st state.

I hope you’re right. But even if that were the case, and trade agreements were better on paper, the net effect on the U.S. after all is said and done (damaged relationships, seeking out new markets etc.) is probably negative

During his first term there were at least a few adults left in the room. This time around, all bets are off.

You did not factor in the public opinion here. Already in Europe a mass wave of boycotting American products is shaping up. The same in Canada. It's different this time.

Is 3 even true?

Trump said the trade agreement is terrible.