trade policy: Global policymakers have in the past made hard-won achievements in promoting free trade, and what should be done now is to keep those efforts from being ruined by Trump, according to Global Times China. There has been much focus on China, a country known as one of the largest beneficiaries of globalization, considering Trump has expressed a protectionist view on trade policy. The question remaining is how much of a fight Europe can put up against economic protectionism from the Trump administration. But less attention has been paid to possible countermeasures from European countries to safeguard free trade. Washington should carefully evaluate the negative influences that possible countermeasures would have on the US economy if other major economies jointly resist trade protectionism. The US has free trade agreements in force with 20 countries and is in negotiations for the Transatlantic Trade and Investment Partnership with the EU. China will not be the only victim if Trump tears up global trade deals and adopts protectionist measures.
(news.financializer.com). As
reported in the news.
Tagged under trade policy, trump administration topics.