Thursday, January 25, 2018

Trump's America First will make America last


And the meeting at Davos is making that clear to anyone paying attention. While President Shithole fusses and sputters nonsense, the other nations present are working on as many as 35 trade pacts, only one involving the US.
President Trump is arriving at the World Economic Forum in Davos, Switzerland, to explain his “America First” approach at a moment when the world is moving ahead with a trade agenda that no longer revolves around the United States.

The world marked a turning point in global trade on Tuesday, when 11 countries agreed to join the Trans-Pacific Partnership, announcing they had finalized the pact and expected to sign a deal on March 8 in Chile. It was a remarkable moment for a beleaguered agreement that was conceived and constructed by the United States, then abandoned by Washington when Mr. Trump took office last year.

As the world’s largest economy and architect of many international organizations and treaties, the United States remains an indispensable partner. But as the global economy gains strength, Europe and countries including Japan and China are forging ahead with deals that do not include the United States.

Thirty-five new bilateral and regional trade pacts are under consideration around the world, according to the World Trade Organization. The United States is party to just one of them, with the European Union, and that negotiation has gone dormant. The United States is also threatening to withdraw from one of its existing multilateral agreements — the North American Free Trade Agreement with Mexico and Canada — if it cannot be renegotiated in the United States’ favor.

“Maybe there was some sort of presumption on the part of the president and his team that if the U.S. said stop, this process would come to a halt,” said Phil Levy, a senior fellow at the Chicago Council on Global Affairs and an economist in the George W. Bush administration. “What this shows is that’s not true. The world just moves on without us.”

In July, Japan signed a wide-ranging new trade deal with the European Union — a step the Japanese prime minister, Shinzo Abe, referred to as hoisting “the flag of free trade high amidst protectionist trends.” The European Union pushed ahead with a major update to its agreement with Mexico, while China pursued a pan-Asian agreement, among other deals.

Business interests in the United States are watching with alarm as other countries strike agreements that exclude American exporters. For example, ranchers in Canada and Australia will be able to sell beef at lower prices in Japan than their American competitors, who will be subject to higher tariffs because the United States is not party to the Trans-Pacific Partnership.
The other nations are not just peremptorily ignoring the US because they can't afford to give up the US market, but neither can they embrace the Tangerine Shitgibbon because they know they can't trust his word and never know when he will start flinging poo to please his MAGAts. It's a narrow path to walk.

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