The G20 summit in Hamburg, Germany has been a mixed success for American president Donald Trump.
On the one hand, Trump negotiated a ceasefire for southwestern Syria with his Russian counterpart, Vladimir Putin. American-backed rebels have been fighting the Russian-backed regime of Bashar Assad there.
On the other hand, he didn’t elicit Russia’s support for the war against the self-proclaimed Islamic State, which is Trump’s priority.
On the one hand, G20 leaders conditioned open markets on “reciprocal and mutually advantageous trade” in their summit declaration and recognized the role of “legitimate trade defense instruments” — a political victory for Trump.
European and Japanese leaders have announced a landmark trade agreement on the eve of the G20 summit in Hamburg, Germany, where America’s president, Donald Trump, is expected to press his case for protectionism.
The treaty has yet to be finalized. A summit in Brussels was hastily arranged to “send a strong signal,” as the EU’s trade commissioner, Cecilia Malmström, put it earlier this week.
NAFTA stands for the North American Free Trade Act, but President Donald Trump does not.
After campaigning on a promise to repeal the act, then adapting his position to that of merely supporting the act’s renegotiation, Trump recently announced that he would no longer tolerate the status quo arrangement for American imports of dairy and forestry products originating from Canada. Read more “Can Canada Resist Trump’s Offensive on NAFTA?”
American president Donald Trump has reportedly chided the Germans for selling more goods and services to his country than they buy from it, calling them “very, very bad”.
“Look at the millions of cars they sell in the US. Terrible. We’ll stop it,” Trump was quoted as saying in Der Spiegel, which cited EU diplomats. (No matter that German carmakers are responsible for tens of thousands of jobs in the United States.)
Coming after Trump criticized NATO leaders for failing spend more on their defense, which came on the heels of a trip to Saudi Arabia where he promised the United States would no longer criticize the monarchy for its human rights abuses, the comments are disconcerting. Trump berates liberal democrats but cozies up to authoritarians.
He earlier praised Egyptian strongman Abdul Fatah Sisi for his war on terror, Filipino president Rodrigo Duterte for his war on drugs and complimented Russia’s autocrat, Vladimir Putin, on his “strong leadership”.
The European Union and Mexico have committed to deepening their economies ties in the wake of Donald Trump’s inauguration as president of the United States.
In a statement released last week, EU trade commissioner Cecilia Malmström and Mexican economy secretary Ildefonso Guajardo announced that they would hold talks in April and June to renew a 2000 trade agreement between the two sides.
Australia isn’t waiting for Donald Trump to assume office in January before recalibrating its foreign relations.
The island nation — America’s most reliable ally in the Pacific — has thrown its support behind Chinese trade initiatives now that the Trans Pacific Partnership (TPP) appears dead.
Steven Ciobo, Australia’s trade minister, told the Financial Times he would work to conclude new trade pacts with other countries in the region, including China’s proposed Free Trade Area of the Asia Pacific.
“Any move that reduces barriers to trade and helps us facilitate trade, facilitate exports and drive economic growth and employment is a step in the right direction,” Ciobo said.