Can the global economy do without America?

[transporter]

This is for those with their heads buried in the sand.

Take note that this is an opinion piece, but the facts are clear that the rest of the world is reacting to Trump exactly as expected. This makes the US a smaller and weaker player in the global economy. Isolationism and attacking your friends while bolstering your enemies is not a way to grow global influence.

Can the global economy do without America?

World leaders are ever more visibly determined to try. The very welcome EU-Japan free trade agreement creates the world’s largest free trade area, virtually eliminating tariff barriers, and reducing non-tariff ones, for about one-third of the global economy. The political leaders who signed it explicitly presented it as a manifestation of their will to maintain the postwar free trade system. The survival of the Trans-Pacific Partnership after Trump withdrew the US from the new trade bloc, shows that Japan has taken on the mantle of defending a world order on which it was often seen as a free rider.

These initiatives are not limited to rich countries. The EU is talking to China about a common approach to overhauling the World Trade Organization to buttress its ability in monitoring and protecting the world trading system amid signs that the US wishes to sabotage its functioning.

Going it alone, after 70 years of being led by the US, is a prospect that should scare any sensible person. But the US is no longer as dominant as it once was. The EU and China rival it as economic blocs, and the size of their domestic markets protects them from the fallout. The more the rest of the world integrates its markets, the more asymmetric the costs of a trade war will be, and not in the US’s favour. In a trade conflict, the bigger bloc is always at an advantage. That is why Trump prefers bilateral deals: in most bilateral pairings he can dominate. But it is also why the strategy that is being adopted by the liberal world economy’s defenders is likely to succeed. The more the rest of the world unites, the more the US will be the smaller side.

 

[Gilligan]

Nobody else writes about economic matters?...just Trump-hating ft?

Gee..that seems odd..doncha think?

 

[BOP]

Your lord and master Obama, certainly hoped it could and did every thing he could to make it happen... though apparently not well enough for Soros.

 

[PsyOps]

This is for those with their heads buried in the sand.

<auto response> Psyops was unable to read this post due to his head being buried in the sand.

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[Hijinx]

Remember when Transporter accused Gurps of too much posting if trivial BS?

 

[CPUSA]

This is for those with their heads buried in the sand.

Take note that this is an opinion piece, but the facts are clear that the rest of the world is reacting to Trump exactly as expected. This makes the US a smaller and weaker player in the global economy. Isolationism and attacking your friends while bolstering your enemies is not a way to grow global influence.

Can the global economy do without America?

I see it's hurting more & more every day, my sweet lil confused Brony....the success that is President Trump....good!!!


#MAGA!!

 

[SamSpade]

The United States is one fourth of the world's economy.

That isn't going to change much unless we do something stupid to make it otherwise.

Nations screw with us at their peril.


The problem has been, we've had such quisling cowardly leadership for the past 20 years, no one wants to do anything when
our asses get handed to us.