POLITICO: Trade grows—without the U.S.




February 24 | By: Parag Khanna. 

President Donald Trump promises huge wins for the United States in the global trade arena, claiming he will use America’s market size and buying power to write better deals. It’s a worldview that assumes America’s economic might gives it almost unlimited leverage – and that the rest of the world will need to play ball if it wants access to American customers and finance.

That may once have been true. But a closer look at just how global trade has been re-aligning suggests that it’s likely to keep growing with or without us – and increasingly, it’s without us. Globalization is alive and well, regardless of whether the trade routes run through the US. And if an “America First” White House does start to retrench and retreat, there’s a good chance the biggest loser will be America itself.

To read full article, please click here.