Europe's claim to be the global champion of open trade and a counterweight to the threatened protectionism of U.S. President Donald Trump risks ringing hollow if it cannot sign a new Pacific free trade deal by the end of 2017.
Donald Trump’s top trade official has opened the door to reviving negotiations with the EU but warned the bloc it would be in competition with China and Japan to show willingness to do the first deal with the new US administration.
The United States is ready to negotiate a new trade deal with the UK. It also continues to have plans for the European Union, said Representative Paul Ryan, the Republican Speaker of the US House of Representatives.
US President Donald Trump has often become a target of ire for his controversial policy statements. But South Asia, including Nepal, may find a reason to cheer if he sticks to his campaign promise of withdrawing the US from two major free-trade pacts--referred to as TPP and TTIP--and imposing high tariff on goods imported from China and Mexico.
Our recent presidential election brought about a rare accord between the progressive and the populist fronts in rejecting the Transatlantic Trade and Investment Partnership. I have no problem with the rejection of a trade agreement that focuses primarily on the interests of transnational corporations, international financial centers, agribusiness and giant chemical companies and raises many questions about how it may serve the interests of the overwhelming majority of people in our country.
Annals of Diplomacy
March 6, 2017 Issue
Trump, Putin, and the New Cold War
What lay behind Russia’s interference in the 2016 election—and what lies ahead?
By Evan Osnos, David Remnick, and Joshua Yaffa