EU Moves On: Forming Trade Club Without US After Trump’s Rejection
The European Commission President floated a plan for the EU and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to form a new global trade initiative. This initiative would overhaul the rules-based global trading order, potentially supplanting the World Trade Organization, with the United States not guaranteed an invitation. The proposal aims to demonstrate the viability of free trade among a large group of countries based on a strong foundation of rules. The President also noted that the U.S. left a certain point.
John Q. Hosedrinker