By Jin Canrong
With US President-elect Donald Trump’s announcement of withdrawing from the Trans-Pacific Partnership (TPP) and China’s active promotion of the Regional Comprehensive Economic Partnership (RCEP) and Free Trade Area of the Asia-Pacific (FTAAP), some voices have began to emerge saying that the US is relinquishing its global leadership while China will replace the US to lead the world.
It should be known that Trump’s withdrawal announcement does not mean he wants to weaken US global leadership. Trump is a businessman and the TPP withdrawal is more from an economic perspective. The TPP will lead to job losses within the US.
In fact, many of Trump’s policies have shown his desire to change the way his country maintains leadership. For example, in security, Trump still wants to keep America’s leading position in the world, but he asks more from his allies to relieve the burden of security costs. In the area of trade, he does not refuse global trade, but calls on other countries to open their markets to the US. Therefore, Trump is not trying to give up US leadership in areas like trade and security, but wants to impel more stringent free trade schemes.
SOURCE: News Now/Global Times