A massive global alliance is forming against President Donald Trump's tariffs, with Canada leading talks to link the European Union and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). This potential trade bloc would connect 1.5 billion people across dozens of countries, aiming to boost supply chain links and lower trade barriers..$SPACE $RIVER $BNB
The move comes as Trump threatens fresh tariffs on allies, including Canada, prompting middle powers to explore closer economic cooperation. The EU and CPTPP have begun discussions to strengthen economic ties, with Japan indicating interest in expanding trade links ¹.
Key Players:
- Canada: Leading talks to form a new trading bloc
- European Union:
Exploring ways to strengthen economic cooperation with CPTPP
- CPTPP: Discussing potential economic partnership with EU
- Japan:
Indicating interest in expanding trade links
This alliance could significantly impact global trade, with potential effects on industries like automotive, agriculture, and technology...
The US administration’s latest threat to impose sweeping new tariffs on many of its closest allies signals a renewed embrace of aggressive unilateralism and misunderstood economics. This column argues that the only effective response is a coordinated one. Unified retaliation by a coalition of like-minded countries made up of the EU, Canada, Mexico, Brazil, and South Korea – which together account for more than 50% of all US goods exports – would be impossible for Washington to ignore and would send a powerful message that the rules-based global trading system is worth defending..