Source: United States & Canada – South China Morning PostIn what Martin Wolf at the Financial Times called “pure gangsterism”, US President Donald Trump has extracted pledged investments of at least US$1.5 trillion from America’s trading partners. This amounts to the Marshall Plan in reverse.
The scheme Washington initiated in 1947 essentially provided economic aid to Europe and later Japan. Of the US$13 billion provided, 90 per cent were grants. But in the US-Japan trade deal, seen as a political trophy for Trump, money will flow in the other…Read More