Even as President Trump used the latest Gary Cohn-inspired mantra to try to make his protectionist trade policies more acceptable to the Davos crowd, it was becoming more and more apparent that “America First” does indeed mean “America Alone.”
While 35 new bilateral and regional trade pacts are being considered around the world, the United States is a party to just one of them, a negotiation with the European Union that has gone dormant. Even as Trump was heading to Davos, the TPP-11 – all of the countries that were party to the Trans-Pacific Partnership other than the United States – announced it would enter into an historic trade pact while the U.S. stood on the sidelines.
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