We left our trade allies at the altar
What a jerk you were to let me dump you.
That’s the message the Trump administration is sending to some of our closest allies and most important economic partners. The most recent target is Japan, whom our U.S. ambassador berated last week for not giving us a favorable deal that Japan actually did give us - before we abruptly ripped it up.
The United States spent eight years negotiating the Trans-Pacific Partnership (TPP). This 12-country Pacific Rim trade pact was partly designed to build an economic and diplomatic alliance that would keep China, which had been excluded from the deal, in check.
But the United States’ objective was also to open up new markets for U.S.-made products, especially U.S. agricultural goods. A 2016 analysis from the International Trade Commission found that agriculture and food would be the U.S. sector that saw the greatest percentage gain in output growth as a result of the TPP.
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