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* Date : 2017-02-04

Foreign Correspondents Ep.19
Trump unleashes protectionist policies

On January 23, U.S. President Donald Trump signed an executive order, formally withdrawing the U.S. from the mega Trans-Pacific Partnership, or TPP. A day before signing the action, he also declared he would renegotiate the North American Free Trade Agreement, or NAFTA, that has been in place among the U.S., Canada, and Mexico for some 20 years. These two decisions reflect Trump's move toward protectionism, which will have ramifications for global companies in the U.S. as well. Since taking office, Trump has met with CEOs of large companies to encourage greater investments at home. The recent policies signal the beginning of a potential protectionist era, which may spell trouble for the global economy.

Step towards greater isolationism

Since his campaigning days as the Republican Party nominee, President Trump has maintained a hardline view on immigration. He even pledged to build a wall on the U.S.-Mexico border to stop illegal immigrants from entering the U.S. Five days after his inauguration, on January 25, Trump made his plan official by signing an executive order that includes building the border wall. While Trump emphasized he would have Mexico foot the entire bill that may cost up to US$15 billion, the Mexican government immediately refuted this claim. Mexican President Enrique Peña Nieto refused to accept the cost burden and cancelled summit talks with Trump. Trump's anti-immigration and anti-refugee policies have also fired up immense backlash from the public. We sit down to discuss where the Trump administration is headed and what we can expect from future policies.

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