The World Prepares to Move on Without U.S. on Trade

Adam Behsudi: “Here’s what happens when the U.S. pulls out of a major trade deal: New Zealand seizes the opportunity to send more of its milk and cheese to China. Japanese consumers pay less for Australian beef than for American meat. Canadians talk about sending everything from farm products to banking services to Japan and India.”

“President Donald Trump dumped the 12-nation TPP right after he took office, saying it was a ‘horrible’ deal and blaming it for sucking American jobs abroad. But now other countries are ready to rush into the vacuum the U.S. is leaving behind, negotiating tariff-cutting deals that could eliminate any competitive advantage for U.S. goods.”

FavoriteLoadingSave to Favorites
Read previous post:
Why Hurting the Poor Will Hurt the Economy

Robert E. Rubin: "Roughly 20 percent of U.S. children live in poverty. In the wealthiest country in the world, that’s...

Close