Home International No surprise Trump is a global warmonger

No surprise Trump is a global trade warmonger

By Kazi Mahmood

Author

Date

Category

as a global trade warrior? What a surprise is? Not at all, if we may say so.

While experts are predicting a global trade war is on the horizon, it actually started with Trump’s electoral campaign.

A global trade war is inevitable altogether.

The OPEC oil war is one fine example of an ongoing global war.

Sparked by the Arab nations – particularly by – the oil war has entered its fourth year.

It started on Thanksgiving day in 2014 when the Organization of Petroleum Exporting Countries (OPEC), led by Arabia, refused to cut production.

The OPEC usually cuts production when there is an oversupply of oil on the global markets.

Indeed, it shocked the market and it started a long battle between the OPEC producers and mainly U.S. based shale oil producers.

But that was without Trump at the , which is significantly important.

Former U.S. President was not politically tolerant of the Saudis.

Hurting the U.S. producers also lessens the flow of hydrocarbons into global markets.

We believe the Saudis wanted to make the U.S. pay for the intense pressures borne on Riyadh over .

Prior to that, there was the U.S. currency squabble. The world thought there will be a currency war on the horizon.

It did not happen, but it opened the floodgates for a mighty U.S.-China battle.

Today, we have Trump declaring himself a trade warrior and we believe he a formidable one.

He entered the with promises of shielding the U.S. from global trade protectionism.

He carried out most of these promises by reducing the Trans-Pacific Partnership to its current size, pulling the U.S. out of it.

The pull-out from the TPP was on the basis pivoting U.S. trade policy away from groupings and focussing on trade deals with individual allies.

During the weekend, Trump kept the pressure on trading partners with threats of retaliation against European .

The U.S. leader also targeted Nafta with the tariffs on metals, prompting to react with talks of counterattack.

If the E.U. retaliates against the tariffs on metals, Trump may impose a on imports from .

is the biggest supplier of steel and aluminium to the U.S., and it will be interesting to see how they retaliate.

China has also declared it would defend its interests.

Advertisement

Popular

Netizens flood Malaysian King’s Facebook page with support for Anwar

Hundreds of netizens flooded the Facebook page of 's King urging him to appoint Anwar Ibrahim as the Prime...

Amid Cabinet reshuffling speculation, reports say special Cabinet meeting to be held tomorrow

KUALA LUMPUR -- A special meeting of the Cabinet is expected to be held in Putrajaya tomorrow morning, amid...

Trump may be silenced with microphone turned off during final debate

U.S. President may find himself virtually speechless during the final debate with contender . This is bound...
YouTube
LinkedIn
LinkedIn
Share
Instagram