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Jakarta Post

Resurgence of global economic chauvinism

Jakarta   /   Mon, November 4, 2019   /  03:38 pm
Resurgence of global economic chauvinism US President Donald Trump speaks to the press during a meeting with President of Finland Sauli Niinisto at the White House October 2, 2019, in Washington, DC. (AFP/Brendan Smialowski )

In the era of Trump’s leadership as president of the United States, free trade suffered a drastic setback. The resignation of the US in January 2017 from the Trans-Pacific Partnership (TPP) agreement agreed upon by its 12 member countries is the beginning of a setback of the free trade scheme. Trump’s policies that are contrary to the spirit of multilateral economic cooperation are increasingly complicated by the emergence of a trade war between the US and China. The trade war is Trump’s initiative to secure the United States market and cut US investment that has grown in the Bamboo Curtain country. The US-China trade war is part of the promise of Trump’s “Make America Great Again” campaign to protect market access and employment of US citizens. The US effort sparked a reply from the Chinese government resulting in a battle between the two world&...

Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.