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ARTICLES, WORLD

Trump election scuppers globalisation deals

tpp

Hated trade deals are dead in the water under President Trump

Globalisers are in disarray and panic. Trump has thrown a spanner in the works of globalisation.European Union leaders said the hated US-EU trade deal TTIP was in limbo yesterday following Donald Trump’s election as US president.

EU Trade Commissioner Cecilia Malmstroem said that they “don’t really know what will happen” but “there is strong reason to believe that there would be a pause in TTIP, that this might not be the biggest priority for the new administration.”

Over 3.5 million Europeans have registered their opposition to this attempted corporate coup.

War on Want senior trade campaigner Mark Dearn said:

“Only time will tell if Donald Trump’s staunch opposition to the TPP and North American Free Trade Agreement (Nafta) will translate into opposition to TTIP.”

In the US, Auto Workers’ Union (UAW) president Dennis Williams backed Mr Trump’s plans to either renegotiate or withdraw from Nafta on Thursday — and endorsed a new 35 per cent tariff on vehicles imported from Mexico.

Mr Trump has also vowed to cancel the Trans-Pacific Partnership (TPP) trade deal on his first day in office — January 20.

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