As the World digests the news that Donald Trump is to become the 45th President of the United States of America, his views on international trade will be closely scrutinised by the global food market.
A self confessed ‘free trader’, one of the main international policies is to appoint ‘tough and smart trade negotiators to fight on behalf of American workers’ as he feels that the US hasn’t gotten the best of existing and potential trade agreements.
As part of his ‘Seven-Point Plan’ to rebuild the American economy by fighting free trade, Trump wants to withdraw from the Trans-Pacific Partnership (TPP) which has not yet been ratified by the US Council.Trump has gone on record saying it is a ‘horrible deal’ and believed that China would take advantage despite not being one of the TPP nations. Trump stated that,’ this is one of the worst trade deals and I would rather not have it. We’re losing now over $500 billion in terms of imbalance with China, $75 billion a year imbalance with Japan’.
Trump has already been congratulated by many of the World leaders including our own Enda Kenny and also the British Prime Minister Theresa May who said that Britain and the US have an ‘endearing and special relationship’ and that the two would remain ‘close partners on trade, security and defence.’
The President-elect also has the support of Russian President Vladimir Putin which could result in a stronger relationship between the US and Russia.