Justin Trudeau just dealt a crushing blow to Trump’s dealmaking reputation

- Januari 23, 2018

President Trump’s supporters love to tout the fact that he has delivered on some of his more regressive campaign promises, completely ignorant of the reality that many of these actions will have long-lasting, negative impacts on the United States that could last for decades and beyond.

One of the most glaring mistakes — one which MAGA fanatics like to brag about as it if were some sort of landmark victory— is Trump’s decision to withdraw the United States from the Trans-Pacific Partnership. The trade agreement was intended to foster closer ties between the United States and the nations of the Pacific Rim, one of the most rapidly growing economic regions in the world.

While some critics raised concerns that it could lead to a shifting of some jobs overseas, most estimates predicated a net positive economic impact on the United States, as well as a lowering of the cost of numerous consumer goods across the board. Trump played into a broader misunderstanding of the deal’s implications during the campaign, tying the TPP to his attacks on NAFTA, a trade agreement which most economists agree has been beneficial for the United States.

Trump promised that he would work out his own deals with the TPP nations, but during his trip to Asia, his requests for bilateral trade agreements between the U.S. and individual nations were repeatedly rebuffed. These countries want one large interconnected deal between each other, not smaller piecemeal deals with the United States. President Deals showed he has no idea how to negotiate on the global stage.

Perhaps most importantly, an American involvement in the TPP would have curbed a rising China’s efforts to exert hegemony over the Pacific Rim, drawing the participant countries closer towards America, and drawing them away from the influence of the authoritarian communist state. The 21st century is poised to be a showdown between the United States and China for global competition, and the TPP would have given the U.S. a much-needed edge.

Now, Trump’s ignorant isolationism and his desire to undermine the United States’ role as the global leader has come to its first, rotten fruition. The Hill reports that Canadian Prime Minister Justin Trudeau announced that his country, along with the ten other original signatories of the TPP, will be moving ahead on their own.

The international talks were held in Tokyo and the new agreement is being referred to as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

“Strengthening Canada’s economic relationship with countries in the large and economically fast-growing Asia-Pacific region to support prosperity and create jobs for our middle class is a priority for Canada,” Trudeau said in his official statement.

The Associated Press adds that the involved nations hope to have the historic agreement signed by March. Thanks to President Trump, the rest of the world is moving on and leaving America behind.

The post Justin Trudeau just dealt a crushing blow to Trump’s dealmaking reputation appeared first on Washington Press.

 

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