Japanese Deputy Prime Minister Taro Aso had earlier warned that the U.S. might not get as good a deal bilaterally with Japan than it would by simply rejoining the TPP. Now two contentions by the Japanese ambassador to the U.S. are respectively somewhat insulting and revelatory. Flawed Trade Strategy First Donald Trump threatened to pull out of NAFTA, and then he decided to stay in. Commerce Secretary Wilbur Ross finally had to explain that Trump was not trading away U.S. economic welfare when he told China it would get a better trade agreement if it dealt with Pyongyang – though that was certainly our interpretation. Now The Hill reports that Republican lawmakers are “growing frustrated” with Trump’s trade threats.By contrast, financial m...

TAGS – Softs, Asia, North America