Us Trade Agreements With Asia

“The signing of RCEP is not only a monumental achievement in regional cooperation in East Asia, but above all a victory for multilateralism and free trade,” Premier Li Keqiang said, according to Chinese media. The last decade represents a rich period for the study of trade policy. I briefly propose some lessons that can be drawn from the experience of the 1990s, although more systematic studies will undoubtedly lead in the future to a more definitive list: President Barack Obama defended the Trans-Pacific Trade Pact as protection against China, which writes the global trade rules for the twenty-first century. But within days of taking office, President Trump pulled the U.S. out of the deal and imposed tariffs on trading partners and began a trade war with China.

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