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[quote=Anonymous][quote=Anonymous]Americans are only 5 percent of the world's population. The rest of the world will quickly move on from a US-centric global trading system. Canada, Australia, NZ, Japan, and the UK will quickly form a bloc with the EU. But it is China that is the big winner from America's decision to withdraw from the world. China will be the center of economic and political power for the foreseeable future. [/quote]

Actually I think other countries may move quickly to shore up their own national interests which may mean enhancing their own protectionist measures if necessary. Don’t forget the US still accounts for 25% of the world’s GDP. Japan, UK, Canada and Australia only account for about 10% combined. NZ doesn’t count at all economically.

The E.U. already has protectionist policies in place and may double down on its existing measures. The Common Agricultural Policy imposes quotas and tariffs on agricultural imports. Half of the EUs steel imports last year were subject to tariffs. It won’t want Canadian steel being dumped on its own markets. It already significantly restricts beef imports from Australia. Japan already significantly protects its own agriculture and steel industries.  [/quote]

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