Fake President costing the United States the position of Global Trade Leader

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The world will not wait while the United States figures out what it’s doing with trade.

The beginnings of new bilateral trade agreements are springing up left and right between countries that may never have otherwise given each other a second look. And as a result, the United States’ role as a framer of global trade rules may be slipping from its grasp as Europe and China look to step in…

❝ Between last January and now, 27 agreements have been signed—China and Australia, Turkey and Malaysia, EU with Colombia and Peru, the EU and Ghana, India and Thailand—and none of them are with the U.S.

Seems to me I recall the Republican Party claiming they advance the interests of American business. They said that always trickled down to American families. That last clause is mostly bullcrap; but, since they can’t even achieve the first part nowadays – the claim is moot.

2 thoughts on “Fake President costing the United States the position of Global Trade Leader

  1. 纸老虎 says:

    Reuters UK 8/28/17: President Donald Trump last month rejected a Chinese proposal to cut steel overcapacity despite it being endorsed by some of his top advisers, the Financial Times reported, citing people familiar with the matter.
    Beijing proposed cutting steel overcapacity by 150 million tonnes by 2022 in a deal twice rejected by Trump, who instead urged advisers to find ways to impose tariffs on imports from China, the FT reported, citing the sources. http://www.reuters.com/article/us-usa-trade-china-steel-idUSKCN1B9015?il=0 Last week, American steel industry executives appealed to Trump for immediate import restrictions in a letter seen by Reuters, saying the industry was suffering the consequences of government inaction. Total steel imports through July were up 22 percent from the same period a year ago, according to a report by the American Iron and Steel Institute.

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