RE: US announces withdrawal from TPP
January 22, 2017 at 11:32 am
(This post was last modified: January 22, 2017 at 11:42 am by Anomalocaris.)
TPP is a geopolitical initiative, not a trade initiative. Trade was the medium, not the end. Unless the US can rapidly replace TPP, trump just handed a huge geopolitical win to china.
Given the importance of the west pacific rim, If the TPP is not replaced, china will be able to leverage the dominant trade position in that area handed to it by trump to succeed the US world wide, and the US will never be able to reclaim its historic role as chief guarantor of liberal international commerce and trade after trump.
Given the importance of the west pacific rim, If the TPP is not replaced, china will be able to leverage the dominant trade position in that area handed to it by trump to succeed the US world wide, and the US will never be able to reclaim its historic role as chief guarantor of liberal international commerce and trade after trump.