“…a closer look at just how global trade has been re-aligning suggests that it’s likely to keep growing with or without us – and increasingly, it’s without us. Globalization is alive and well, regardless of whether the trade routes run through the US. And if an ‘America First’ White House does start to retrench and retreat, there’s a good chance the biggest loser will be America itself,” Parag Khanna writes for Politico.
“An example already in the public eye is Obama’s signature international economic effort, the Trans-Pacific Partnership (TPP). With the previous administration unable to push it through Congress and Trump ditching it in one of his first executive orders, most of the other signatories are moving ahead anyway in a ‘TPP minus one’ format. Even more significantly, more than a dozen Asian countries have rekindled their efforts towards advancing an alternative megadeal – the Regional Comprehensive Economic Partnership (RCEP) – which differs from TPP in one crucial way: At the center lies not the US, but our economic arch-rival China.”Save to Favorites