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‘Winners and losers’ Merkel exploits Trump protectionism to secure EU-Japan trade deal

EUROPEAN Union officials are “ecstatic” as Angela Merkel exploits Donald Trump’s protectionism to push through a landmark trade deal with Japan.

The US president has been branded the driving force behind the deal as the  and Japan finalised the world’s biggest free trade deal.With ’s isolationist “America first” politics railing against free trade deals and pulling out of the Trans-Pacific Partnership with Japan, Brussels prepared to swoop.German Chancellor  met with Japanese Prime Minister Shinzo Abe and with a shared hostility towards the US seized the opportunity to push for an EU-Japan deal in response to Mr Trump’s policies.After the meeting, she said: “We want the Japan deal soon because that could be the right statement.”

Angela Merkel has secured an EU-Japan trade deal in a swipe at Donald TrumpGETTY               


Angela Merkel has secured an EU-Japan trade deal in a swipe at Donald Trump.

 Days later European Commission President Jean-Claude Juncker also met with the Japanese PM with Mrs Merkel, the leader of the EU’s economy powerhouse, ordering him to deliver the deal as soon as possible.The trade deal is expected to be signed off today hours ahead of the G20 summit in Hamburg which the US President will attend.Ulrich Speck, a senior foreign policy analyst at the Elcano Royal Institute think tank, told Politico: “The Trump election shock is still there. This has created a whole new urgency for the EU and Japan.”

André Sapir, a trade expert at the think tank Bruegel, said the gap between Tokyo and Brussels over terms was “huge”.He added: “But then within a short time, it has been bridged. You needed the Trump effect to jump over that hurdle so remarkably fast.”Earlier this month Mrs Merkel indicated she will use the gathering of top nations to fire a warning shot to Mr Trump.She told the German Parliament: “My aim is that the G20 summit sends out a strong signal for open markets and against protectionism.”

Donald Trump's America First politics have pushed unlikely allies closer togetherREUTERS            Donald Trump’s America First politics have pushed unlikely allies closer together


The Japan-EU trade pact will be finalised within months after senior officials removed final snags to a political deal intended as a signal to Mr Trump.EU officials and diplomats were said to be “ecstatic” on Wednesday with one European diplomat telling Politico: “I’ve never seen officials so happy.”European Trade Commissioner Cecilia Malmstrom confirmed the deal is nearly ready following a meeting with Japanese Foreign Minister Fumio Kishida.Ms Maelstrom said: “We ironed out the few remaining differences.”

Jean-Claude Juncker met with Japanese Prime Minister Shinzo Abe to work on the free trade dealEPA                 Jean-Claude Juncker met with Japanese Prime Minister Shinzo Abe to work on the free trade deal


Japanese Prime Minister Shinzo AbeAFP         Japanese Prime Minister Shinzo Abe has turned to the EU as the US withdraws


Prime Minister Abe should now sign the “political agreement” with EU institutional chiefs Mr and Donald Tusk on Thursday in Brussels.The three men will then head to a G20 summit, where the EU and Japan will urge Mr Trump not to weaken US free trade traditions.Summit host Mrs Merkel took aim at Mr Trump on Wednesday, saying: “While we are looking at the possibilities of cooperation to benefit everyone, globalisation is seen by the American administration more as a process that is not about a win-win situation but about winners and losers.”
Japan and the EU both see their accord as striking a blow against a feared increase in nationalistic protectionism in world trade.The European Council said: “Leaders will stress their commitment to promote an open and fair global economy and refrain from all forms of protectionism.”Germany’s Chambers of Commerce hailed the “symbolic power” of a deal with Japan, saying it would not only bring economic benefits in itself but also benefit world trade policy.
http://www.express.co.uk/news/world/825354/donald-trump-angela-merkel-european-union-japan-free-trade-deal-latest

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2 Comments on "‘Winners and losers’ Merkel exploits Trump protectionism to secure EU-Japan trade deal"

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Margeret Robinson
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Agreed peter, as far as i am aware these agreements have not been seen or discused with the other countries yet. They are already concerned about any clauses similar to thoes in cita or ttip. Its a long way from happening yet

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