UNITED STATES (OBSERVATORY) – After withdrawing the United States from the Trans-Pacific Partnership (TPP) as soon as he took office, the US President proposed to join him. Is the threat of a trade war with China bowing Donald Trump? Sputnik sought the advice of Can Van Luc, Investment and Development Bank of Vietnam (BIDV).
On his Twitter account, Donald Trump stressed that the United States could return to the Trans-Pacific Partnership (TPP), but on conditions that are more advantageous for them, said Sputnik Can Van Luc, senior adviser to the Board of Directors of the BIDV.
“This means that the Americans want to renegotiate this free trade agreement, while the other TPP member countries have just decided to institute the Global and Progressive Trans-Pacific Partnership (TPPP). This prompts us to question the consequences of President Trump’s policy and the seriousness of his statements, “said the agency’s interlocutor.
And to explain that the US President often changed his intentions.
“In any case, we would have welcomed such an approach, the United States being a very important partner in the world in general and in the TPPP in particular. If they come back, 40% of global GDP and 30% of world trade will return to the 12 countries of the TPPP compared to about 10 to 13% today, “said the expert.
As for the exact reasons for the possible return of the Americans, Can Van Luc said he was not in a position to judge, but assumed that the United States would consider joining the Trans-Pacific Partnership to obtain now and in the future benefits in the future. commercial war against China.
“This could actually be used to formulate additional conditions to ensure the US benefits in a little commercial with China now and in the future,” summed up Sputnik’s interlocutor.
Observers assume that it is the US mid-term elections scheduled for November and the trade war with China that are the two major elements that are now pushing the United States towards partnerships. Moreover, the Trans-Pacific Partnership, which excludes China, has always been seen as an agreement allowing the United States to counterbalance the Asian giant in a number of important markets, such as Japan.
This geostrategic logic of the TPP to compete with China remains very strong and several members of the Republican Party strongly believe in it.