The day Trump handed power to China

Full story here.

Snippet:

These investors, trade experts and government officials are still stunned by an event that got next to no attention in the U.S. but was an earthquake out here — and a gift that will keep on giving America’s allies pain and China gain for years to come. That was Trump’s decision to tear up the 12-nation Trans-Pacific Partnership (TPP) free-trade deal in his first week in office — clearly without having read it or understanding its vast geo-economic implications.

(Trump was so ignorant about TPP that when he was asked about it in a campaign debate in November 2015 he suggested that China was part of it, which it very much is not.)
Trump simply threw away the single most valuable tool America had for shaping the geo-economic future of the region our way and for pressuring China to open its markets. Trump is now trying to negotiate trade openings with China alone — as opposed to negotiating with China as the head of a 12-nation TPP trading bloc that was based on U.S. values and interests and that controlled 40 percent of the global economy.
It is hard to think of anything more stupid. And China’s trade hard-liners are surely laughing in their sleeves.


Trump: making America hated again

Just extraordinary findings by the Pew people. 

Someone said to me last night: “I hate America.” I was astonished this person, in particular, would say such a thing. 

Apparently they’re not alone. 


Are Google and its execs crooked? (Also, bonus Canadian Minister of Hubris links.)

The European Union certainly seems to think so:

The European Union’s competition watchdog has slapped a record 2.42 billion euro fine — roughly $3.6 billion Cdn — on internet giant Google for breaching antitrust rules with its online shopping service.

European regulators said Tuesday that “Google has abused its market dominance as a search engine by giving an illegal advantage to another Google product, its comparison shopping service.”

It gave the Mountain View, Calif., company 90 days to stop or face fines of up to five per cent of the average daily worldwide turnover of parent company Alphabet.

Closer to home, meanwhile, there’s this from the office of the camera-loving, gaffe-prone, possibly-doomed Minister of Heritage, who has done a singularly lousy job of promoting Canada 150:

Heritage Minister Mélanie Joly’s chief of staff has been lobbied by her former employer Google six times in 2017, which the Conservatives and NDP tell Global News raises concerns as her department plans to overhaul the laws which regulate the media industry in which the U.S.-based tech giant has emerged as one of the world’s most powerful companies.

Leslie Church joined Joly’s office following the 2015 federal election straight from Google Canada, where she served as director of communications for three years and seven months according to her LinkedIn page. (The sixth meeting in 2017 was to discuss “science and technology.” Church was lobbied once by Google in all of 2016.)

Ironically, all of these links were found using a search engine other than Google.