Protectionist Trump threatens China; India will be watching

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NEW DELHI: Presumptive Republican candidate Donald Trump has vowed to pull the US out of multilateral trade pacts that ship American jobs abroad and slap China with a string of tough trade measures to bring it to heel. In a major policy speech on Tuesday (Wednesday in Manila), Trump promised to roll out a set of protectionist measures that rattled the country’s trade establishment, the US chamber of commerce. Though he didn’t mention India, which has an annual bilateral trade with the US of more than $100 billion, New Delhi would have followed his speech with a mix of misgivings and cheer. Nothing in the speech came as a surprise. Trump has been railing against multilateral pacts such as the North American Free Trade Agreement and the Trans-Pacific Partnership.

TNS

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