HONG KONG — Having just traveled to New Zealand, Australia, South Korea,
China, Taiwan and now Hong Kong, I can say without an ounce of
exaggeration that more than a few Asia-Pacific business and political
leaders have taken President Trump’s measure and concluded that — far
from being a savvy negotiator — he’s a sucker who’s shrinking U.S.
influence in this region and helping make China great again.
These investors, trade experts and government officials are still
stunned by an event that got next to no attention in the U.S. but was an
earthquake out here — and a gift that will keep on giving America’s
allies pain and China gain for years to come. That was Trump’s decision
to tear up the 12-nation Trans-Pacific Partnership (TPP) free-trade deal
in his first week in office — clearly without having read it or
understanding its vast geo-economic implications.
(Trump was so ignorant about TPP that when he was asked about it in a
campaign debate in November 2015 he suggested that China was part of it,
which it very much is not.)
Trump simply threw away the single most valuable tool America had for
shaping the geo-economic future of the region our way and for pressuring
China to open its markets. Trump is now trying to negotiate trade
openings with China alone — as opposed to negotiating with China as the
head of a 12-nation TPP trading bloc that was based on U.S. values and
interests and that controlled 40 percent of the global economy.
It is hard to think of anything more stupid. And China’s trade
hard-liners are surely laughing in their sleeves.
Out here everyone gets it: China has Trump’s number. Its officials were
afraid of him at first — with his tough trade talk. But they quickly
realized how easy it was to distract him with shiny objects, like
promises to defuse the North Korea threat for him or by giving stale
sector-specific trade concessions, such as for American beef exports to
China — things China has promised multiple presidents before — that
Trump could brag about.
Beijing watched Trump threaten to abandon America’s adherence to the
one-China policy if he did not get trade concessions — and then just
fold the minute China’s president, Xi Jinping, said he would not take a
phone call from Trump unless he reaffirmed the “One-China” policy.
We may call him “Trump” in America, but here it’s pronounced “Chump.”
http://www.nytimes.com/2017/06/28/opinion/trump-china-asia-pacific-trade-tpp.html
Yup. Paper Tiger.
The Saudis also understood the significance of "shiny objects". Boy, did
the funders of ISIS get what they wanted and more. The Europeans, not as
well. Lol.