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The Real Story: Trade Wars: the End of Globalisation?

Factual

Trade Wars: the End of Globalisation?

25/11/2016 GMT

BBC World Service - The Real Story, Trade Wars: the End of Globalisation?

What does Trump's abandonment of the TPP mean for global trade deals?

.What does Trump's abandonment of the TPP mean for global trade deals?

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)

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