Unless we alter our course, this period of time will be remembered as when the US ceded its global leadership role. We are following a path of nativism and retrenchment. And, there is one thing for certain – we cannot shrink to greatness.
First, we drop out of an Asia/ Pacific trade partnership early in the Trump presidency. The remaining countries proceeded without the US and inked a deal at the end of last year. Why is this important? When approached to do a bilateral agreement, Japan told Trump to reenter the Asia/ Pacific agreement.
Second, last June we decided to leave the Paris Climate Change Accord, leaving an agreement with pretty much the rest of the world. Even ExxonMobil told us to stay in the accord. Fortunately, businesses, cities and states are picking up the dropped baton, but more is needed from our DC leaders.
Third, we do our darnedest to restrict immigration into our country from several countries and are actively seeking to expel both undocumented immigrants and children who came forward under DACA. What we fail to understand is immigration is accretive to our economy and this is a key part of our ideals.
Fourth, we have introduced tariffs on our allies and trading partners. Not only are we acting like a bully, we are acting unwisely, so say 1,140 economists including Nobel laureates and Presidential advisors. We could be precipitating a retrenchment of the global economy, of which we are a key part. The economists say this is how recessions start.
Fifth, by pulling out of the Iran nuclear agreement, we are heightening global risk. But, we also have turned our back on our allies who asked us to work with them to stay in the agreement. With the reimposed sanctions any EU countries doing business with Iran will also be sanctioned. This will invite sanctions by the EU on the United States’ companies doing business there.
The President views the world in a transactional way which is why he prefers bilateral agreements. He must win the transaction. In multilateral agreements, everyone wins some and loses some. He also does not value diplomacy as we have retrenched in those capabilities. The hard work is done by these folks and China is lapping us in their diplomatic efforts.
We cannot go this alone. We should pay attention to the words of French President Emmanuel Macron when he spoke to the US Congress. He beseeched us to remain involved working with others.