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World Trade Hangs in the Balance as Trump Prepares Plan of Action

Posted November 28, 2016

Under Economic Issues, International Trade Issues

(Phillip Inman – The Guardian)

Donald Trump’s determination to stamp his mark on US trade policy “would be horribly destructive”, according to the most exhaustive assessment of his pre-election tweets, speeches and declarations in Fox News interviews.

Among the more consistent themes in his various pronouncements, the president-elect said he would tear up the Nafta agreement that gives Mexico tariff-free access to US markets on about half of its goods.

Trump also threatened to impose tariffs on China, which he said could be as much as 35%, to punish the Beijing for a policy of “currency manipulation”.

The Trans-Pacific Partnership (TPP) agreement, president Obama’s hard-won free trade agreement with Japan, Australia and much of the Pacific rim, which lowers tariffs on a wide range of goods, will be thrown in the Oval Office bin, if a Trump video outlining his policies in the first 100 days is anything to go by. Click here to read more.