Trade Wars: the End of Globalisation?
Donald Trump has promised to tear up the proposed Trans-Pacific Partnership trade deal – or TPP – on his first day in office. The massive trade deal agreed in 2015 would have lowered tariffs and deepened economic ties between twelve countries, which together cover 40% of the world’s economy. The demise of the TPP comes as other global trade deals, such as the TTIP between the US and EU, face calls to be dropped or renegotiated. On this week’s Newshour Extra, Owen Bennett Jones and his guests discuss why there is now such a backlash against multi-country trade deals, and whether this marks an end to the steady progress of globalisation.
(Photo: People hold signs as they demonstrate against the Trans-Pacific Partnership. Credit: Nicholas Kamm/Getty Images)
Dr Swarti Dhingra - specialist in international trade and investment at the London School of Economics
Marietje Schaake - Dutch member of European parliament. Member of the Parliamentary Committee on International Trade and Vice-Chair for the EU Delegation for relations with the United StatesMark Dearn - the senior trade campaigner at War on Want, an anti-poverty campaign group
Wendy Cutler - former Deputy US Trade Representative
Theo Leggatt - BBC Business News Reporter
Carrie Gracie - BBC China Editor