World trade and Trump

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Series Details No.7, March 2017
Publication Date 15/03/2017
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Upon taking office in January 2017, President Trump signed an executive order formally ordering the withdrawal of the US from the Trans-Pacific Partnership (TPP). This Brief examines the implications of Trump’s protectionist trade policies: the opportunities for third countries, as well the potential of sparking a trade war.

Upon taking office, President Donald Trump confirmed his intention to swiftly carry out some of his campaign promises on trade, which he blames for the loss of blue-collar jobs, as it allegedly exposes US workers to ‘unfair’ competition and lower standards from abroad.

The first casualty was the Trans-Pacific Partnership (TPP), an agreement signed by President Obama in 2015 after seven years of protracted negotiations with 11 partners that account for 44% of US exports. Still not ratified by Congress and criticised even by Hillary Clinton during the presidential campaign, TPP was a relatively easy target, so one of Trump’s first acts as President was to order the withdrawal of the US from it.

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