Trump’s outrageously intimidating attitude is costing the US. While some of his words may not have immediate repercussions, there are instances, where his blunt attitude has caused outright implications. One such instance is the Pacific Rim’s decision to advance the deal without America.
On November 10th, 2017, Trump attended the APEC summit held in Vietnam. During his speech he said that the U.S. would “no longer tolerate chronic trade abuses”, declaring that he won’t let anyone take advantage of the United States. What happened next was quite a slap in Trump’s face.
Just within next 24 hours, 11 Pacific Rim countries declared that they have reached a Trans-Pacific Partnership free-trade pact; the one that Trump withdrew from earlier this year.
It was quite evitable that the declaring the agreement was done in part to show Trump that the nations can proceed without United States’ buy-in. It also reflects the fact that no one gives a dime about Trump’s appalling speeches.
The statement issued on the trade agreement reads: “Ministers are pleased to announce that they have agreed on the core elements of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership”.
The deal was originally meant to be announced on Friday but after Trump made a protectionist rhetoric in the Asia-Pacific Economic Cooperation summit.
The TPP agreement shows that other nations are totally ready to move ahead without the United States or Trump.
During his speech, Trump made out bold statements saying that America has been a victim of Trade abuse for far too long now and they will not take it anymore. He said, “We are not going to let the United States be taken advantage of anymore,” he said. “I am always going to put America first, the same way that I expect all of you in this room to put your countries first.”
Trump said something that was though ignored. It was that The US is willing to make deals that are mutually respectful and beneficial.
He said, “I will make bilateral trade agreements with any Indo-Pacific nation that wants to be our partner and that will abide by the principles of fair and reciprocal trade. What we will no longer do is enter into large agreements that tie our hands, surrender our sovereignty, and make meaningful enforcement practically impossible.”
A senior administration official questioned if the new trade announcement wade to leave out the United States. He pointed that “the president is here visiting and is part of the dialogue, and has already spent a significant portion of time talking to his allies and like-minded partners in Japan and South Korea.”
The official said that “we absolutely are engaged on the economic side, and we’ll continue to be so.”
Note: All content is original & written by NewsCrux Team.