Driven by the Trump administration’s hard line stance on global trade, the U.S. is set to lose its position and credibility on the world commercial stage.
Whether it’s the potential of killing trade deals like the North American Free Trade Agreement and the Korea-U.S. FTA, or “the mistake” of pulling out of the Trans-Pacific Partnership, expert panelists at the Sourcing Journal Summit Tuesday said the U.S. is taking a back seat to countries like China and hurting U.S. industry in the long run.
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