US Congressional Republican leaders made their pitch on February 1 and 2 for handling NAFTA renegotiation and border taxes. Trump’s earlier China commitments seem to have disappeared.
The eleven countries abandoned by the US when it left the Trans Pacific Partnership on January 23 appear seriously divided about what to do next. Beijing continues to suggest their best response is a completely different arrangement centred on China.
Foreign media and Vietnamese businesses almost unanimous in complaining about effect on Vietnamese apparel industry of US abandoning TPP negotiations. But even the Vietnamese admit that its apparel industry exports grew 5.2% in 2016. This, they believe, compares with:
Crucial sourcing commitments by President-Elect Donald Trump came under fire from his own side in early December.
How seriously should brands and retailers take reports that Trump will slap extra duties on Chinese imports – and China’s almost hysterical response to those reports?
The 11 remaining nations will continue working on the pact.
“We reaffirm our commitment to keep our markets open and to fight against all forms of protectionism,” said 21 Asia-Pacific countries – including China, and all 12 TPP partners – on November 20.
The British Brexit debate, and the aftermath of Trump’s election, are bringing out widely contrasting views of China as a business partner. Some are hopelessly naive.
US Congressional committee claims China “violates the spirit and the letter of its international trade obligations”
A US Congressional committee prepared a report before the November 8 elections savagely attacking China’s good faith as a trading partner.
Theresa May keeps insisting “Brexit means Brexit”. But no-one in Britain can agree what Brexit means, how long it’ll take to get there or what Britain’s trade policy will be once it’s out of the EU.
The developed world depends almost entirely on imports from poorer countries for its clothing. The world’s biggest apparel importer looks certain to transform its attitude to importing that apparel
The US Administration admitted on November 11 it no longer expected Congressional ratification of the Trans Pacific Partnership (TPP) during the Obama Presidency. President-elect Trump has already announced abandoning the deal will be among his first acts after his January 20 inauguration.
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.
I spent the first six months of 2016 campaigning in Britain against Brexit. Not once did I hear a Brexit supporter attack global integration.