Prabir Purkayastha talks to Professor Vijay Prasad about Trump’s victory and his official entry in the Oval Office. In his first week, he has already taken some decisions. He has announced withdrawal from Trans-Pacific Partnership. The webpage on the Trans- Atlantic Partnership, which was a trade agreement with the European Union, has also disappeared from the White-house website.
He had campaigned this issue strategically in the states where there is an antipathy to trade agreements, because in some of the states it is a belief that people have lost their jobs because of the trade agreements. This was also one of the factor which swung the elections towards his side.
Is the TPP really about trade or is it about geo-politics? Or is the main issue here the isolation of China. This exit from the trade agreements, is not an exit from globalisation.
While Trump’s rhetoric on China is quite dramatic, he is relatively much softer on Russia, and one needs to wait and see whether he is trying to bring Russia on side and isolate China.