"What should India’s policy be in response to the strongest pressures against free trade in America since Herbert Hoover was President of the United States in the worst years of the Great Depression? This question begs another: what are the features of that trend?
In January, President Donald Trump made good on a campaign promise to terminate the Trans-Pacific Partnership (TPP). Then in a joint session of Congress in February, he called for the government to "buy American and hire American." We explore just how connected Kansas City, a junction on the "NAFTA highway," is to international trade.
Populism may be defined – and is, by none other than Pope Francis – as the use of the people for political purposes. It is utilitarian: the masses are an instrument to advance policy goals. When the goals are about a politician himself (it usually is a guy), or when he declares himself indispensable, then populism becomes narcissistic. So, “Narcissistic Populism” is mass manipulation to promote both the policies and power of one man.
"On Wednesday night, the Trump administration released the 2017 Trade Policy Agenda to the public. The document, which was also sent to Congress, outlines a new approach to trade, with a focus on tougher bilateral trade deals which President Trump has touted as a way to get better "deals" for the United States.
Included in the agenda was a highly unusual and controversial promise that the US would not be bound by settlements from multinational bodies like the World Trade Organization (WTO) if it deemed that such settlements encroached on 'American sovereignty.'
"American workers watch like everyone else, wondering, will a Trump administration spark trade wars? Will the U.S. break off agreements and stand on the outside while China instead deals with the world?
Maybe workers will get a stronger, more intimidating America, said Raj Bhala, a University of Kansas School of Law professor in international trade.
But maybe, he warns, they’ll see a dangerously isolating America as well.
"The dozen nations in the proposed Trans-Pacific Partnership (TPP) trade group took seven years to hammer out a deal. President-elect Donald Trump promises to take just one day to scrap it. His fiery anti-TPP, anti-Nafta, and anti-Chinese exports rhetoric creates opportunities for rival powers to promote their own trade agenda, says Hussain Rammal, senior lecturer at the University of Technology Sydney Business School. When it comes to global trade, he says, 'there is a leadership vacuum.'
"President-elect Donald Trump's reiteration Monday of plans to withdraw from the Trans-Pacific Partnership (TPP) has some international trade scholars wondering if the agreement – and its included human rights protections – will be able to survive without US participation.
"When the United States and 11 other nations recently agreed to the Trans-Pacific Partnership, they set in motion history’s largest free trade agreement. A University of Kansas professor of law and international trade law expert has authored a comprehensive, objective look at the TPP, giving it a passing grade while detailing what it got right, where it could improve and why it’s important to millions of people around the world.