February 23, 2017

"On his first full weekday at the Oval Office, US President Donald Trump signed an executive order to officially withdraw from the Trans-Pacific Partnership (TPP). It was a big disappointment for the Abe administration, which had expected the TPP to be a pillar of Japan’s growth strategy and an effective means of strengthening Japan-US alliance and promoting Japan’s leadership in the regional integration of the Asia-Pacific region. Trump’s smooth rejection of the TPP brought the ambitious expectations of the Japanese government to an end. 

Scrapping the TPP was not enough for Trump to express his dissatisfaction with the global trading system. On the same day, at the meeting with CEOs of major American corporations, including Ford, Trump singled Japan out and accused the Japanese government of protectionism. He complained that it was unfair that American cars could not enter the Japanese market while over a million cars from Japan are shipped to the US every year."

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http://www.ippreview.com/index.php/Blog/single/id/358.html

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