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U.S. allies signal sweeping commerce deal in problem to Trump

SANTIAGO, Chile — A commerce pact initially conceived by the USA to counter China’s rising financial may in Asia now has a brand new goal: President Trump’s embrace of protectionism.

A gaggle of 11 nations — together with main U.S. allies resembling Japan, Canada and Australia — signed a broad commerce deal Thursday that challenges Trump’s view of commerce as a zero-sum recreation stuffed with winners and losers.

Overlaying 500 million folks on each side of the Pacific Ocean, the pact represents a brand new imaginative and prescient for international commerce as the USA threatens to impose metal and aluminum tariffs on even its closest associates and neighbors.

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