(Simon Nixon – Wall Street Journal)
With hindsight, the failure of the Transatlantic Trade and Investment Partnership looks like the West’s great missed opportunity.
Launched in 2013, the jumbo U.S.-EU trade talks were supposed to be an opportunity to reinvigorate global trade in the wake of the financial crisis. Supporters billed it as nothing less than an attempt to build an economic NATO, an opportunity for Western allies to respond to the rising power of China through a commitment to regulatory cooperation that would allow them to continue to write the rules of the global trading system.
Arguably, if TTIP had succeeded, Brexit might have not have happened, ensuring that at least one fissure in today’s Western unity might have been avoided. Click here to read more.
- EU Says U.S. Tariffs Are ‘Distorting’ Global Trade Flows (Associated Press)
- Merkel Huddles With Macron to Coordinate Trade Pitch to Trump (Bloomberg)
- Why French Globalist Emmanuel Macron Has Befriended Nationalist Donald Trump (AP)
- Trump Is Willing to Reopen TTIP Amid EU-U.S. Trade Dispute, Ross Says (Bloomberg)