In fairness, the actual story consists of:
Korean exports to China fell 10.9% in the first year of a free trade deal between the two countries. Chinese exports to Korea fell just 4.8%.
On October 22, Donald Trump published his work programme for the first hundred days of his Presidency.
Practically every observer thought Hillary Clinton would win the US Presidential election this morning. Most went on to predict her mild hostility to further trade liberalisation meant the short-term prospects for global trade would be looking uncertain by now.
Donald Trump, though, has been consistent and unambiguous about his trade policy.
Vietnam’s state-controlled media continued to claim April 25 talks between the EU’s Trade Commissioner, Cecilia Malmström, and her Vietnamese opposite number would “speed up an FTA.” But no European authority or publication carried similar claims from the European side. A clear announcement from the Europeans that it planned to reconvene talks with the whole ASEAN region on a wider agreement might indicate European diplomats are losing interest in talks with Vietnam alone.
“Vietnam and the European Union (EU) concluded the 11th and the last round of free trade agreement negotiations in Brussels” on January 24, Vietnam News Agency (VNA) reported. “The bilateral FTA is expected to be signed as scheduled,” Luong Hoang Thai , Director of the Ministry of Industry and Trade’s Multilateral Trade Policy Department, told the uninquisitive VNA.
The President of the European Commission and the Vietnamese Prime Minster issued a statement on October 13 that makes it virtually certain their negotiators will not come to an agreement in 2014.
The excitement is about the possibility that India might start treating imports from Pakistan like those from anywhere else.
Does this mean they think the Obama Administration is going to agree to scrap them?
Without the right rules, TPP will kill America’s textile industry: