Looks like Trump is doing some things to open up free trade in the world.
Quote:
President Trump called the European Union a trading “foe” last week, and on Tuesday European leaders replied by signing an economic partnership with Japan that will eliminate almost all tariffs on bilateral goods. The negotiations had dragged on for years, but Mr. Trump’s protectionism pushed both sides to reach a deal that shows how trade liberalization will increasingly bypass the U.S.
The removal of Japanese quotas and duties on European farm products will hurt American hog farmers, who currently enjoy a strong market position in Japan. EU processed-food exports are expected to grow by as much as 180%.
The biggest impact will be in manufacturing industries dear to Mr. Trump’s heart. In addition to removing tariffs, the deal will harmonize standards and remove nontariff barriers. As the U.S. raises duties on imported raw materials and components, its attractiveness as a manufacturing base will fall and supply chains will cut out American suppliers.
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https://www.wsj.com/articles/trading...ica-1531868982
