This week all eyes were on the meeting of the Earth’s 20 largest economies and particularly American idiot Trump’s meeting with his puppet master Vladimir Putin. What seems to have been lost, at least thus far, in the highly anticipated gathering was an announcement that because Donald Trump is as ignorant about world trade as he is the U.S. Constitution, America will no longer be the leader in global trade; it will likely not be second either. There had been plenty of warnings that Trump ceded America’s global economic lead to China with any one of the global agreements he unilaterally decided didn’t make America great, but it appears that the global lead is going to Japan and the European Union with China in second place and Trump’s “great America” falling far behind.
Some may recall that one of the reasons President Barack Obama, and this nation’s leading economists, manufacturing industries and corporate leaders, gave for being intricately involved in the Trans Pacific Partnership was to allow America to dictate its own economic destiny. Because Donald Trump is such a failure at business, and he is a flaming failure, and because he is an ignorant sot and megalomaniac, he extricated America from the TPP.
According to Trump, he and only he can “make the best deals” and only he can force the rest of the world, including our valued allies and trading partners, to bend to his will. So, on Trump’s first full day in a place he doesn’t belong, he unilaterally withdrew America from the TTP and pledged to force Canada and Mexico to renegotiate the North American Free Trade Agreement (NAFTA).
Those actions solidified Japan and the European Union’s commitment to take control of their global economic futures and force America out of its leadership role in global economics and trade and relegate it to a less than significant role. The two economic powerhouses waited to announce what is being hailed worldwide as a “massive trade deal” until the G20 meeting this weekend. By putting off their announcement, all 20 of the planet’s economic leaders were present to witness Japan and the EU “take the leadership reins away from America” because Trump has “withdrawn America from the global trading arena” to be “great again.”
As the Trump was dazed and confused, and wandering around lost on a stage in Poland, Japan and Europe were “sending a pointed message to the U.S. We’re taking your place as global leaders in free trade.”
The “massive trade deal” more than rivals the largest free trade accord in the world, NAFTA, and as a senior fellow at the Peterson Institute for International Economics, Caroline Freund stated:
“Two big, highly globalized economies are stepping up and showing they’re going to continue liberalization — with or without the US,”
As noted in the Washington Post, the massive trade pact between Japan and the EU “is yet another momentous consequence of Trump’s decision to withdraw from Trans-Pacific Partnership negotiations during his first full working day as president.”
Those consequences are in addition to the damage Trump inflicted on America’s massive agriculture industry with the threat of withdrawing from NAFTA, or at least “renegotiating” what he thinks would be a better deal. By now only an idiot refuses to admit that dumb Don Trump is too ignorant to know what a good deal is, much less negotiate a “a better” one. At a meeting last month American, Mexican, and Canadian trade representatives concurred that they all “want NAFTA left alone.” Trump may have easily screwed over investors, students, suppliers and contractors in his corrupt business “deals,” but powerful nations’ economic leaders are not going to be swindled by the likes of Trump.
In recent years Japan’s top priority has been the TPP because it would have allowed it to trade with the largest and most advanced economy in the world, the United States of America. And it would have become a key player in the “largest free trade bloc in global history” accounting for a whopping 40 percent of global GDP. It also would have given Japan a “strategic counterweight to communist China’s hegemony in Asia.”
That prospect inclined Japan to put aside a promising trade agreement with the European Union; that is how promising a prospect for all the players the Trans Pacific Partnership was. Now there is an even more promising deal and besides not being one of the players, America will not be involved because Trump.
According to Edward Alden, a senior fellow at the Council on Foreign Relations and noted trade expert:
“I have no doubt the final rounds [of the negotiations] were accelerated to try to conclude the deal as quickly as possible and send a message that the EU and Japan are prepared to lead on trade – without the US. The fact that it was concluded right before Trump’s first G-20 summit is a symbolic poke in the eye to the Americans.”
America under the antagonistic Trump regime has incurred more than a few “pokes in the eye” in just a few months. A recent global poll found that Trump has singlehandedly “tarnished America’s image” on six continents, and that doesn’t include making a laughingstock out of himself at the G8 meeting last month. Because of his predilection to running his big bigoted mouth, he has created a world of economic hurt for the American agriculture industry with not one, but two ill-advised and bigoted policies. He has also damaged the American tourism industry because very few foreign travelers want to set foot in a nation of racists and bigots.
The kind of America that Trump thinks is great will continue alienating our friends, allies, and trading partners; something that was not occurring prior to Trump being allowed to move into the White House. America may still be great as far as having a powerful military, but like any business or corporation with a clueless and single-minded simpleton at the helm, the United States surrendered its global leadership on trade because Trump.