US risks being left behind as world embarks on new journey

The tariff-reducing deal signed by the European Union and Japan on Tuesday that marks a major trade liberalization step that will have a profound bearing on the global trade regime.

The free trade deal that will create a trade zone covering 600 million people and almost one-third of the global GDP shows that negotiations are more productive than threats in pushing forward trade.

By signing the agreement, Japan and the EU, have put the Donald Trump administration in an awkward situation as it is clear that as a result of its attempt to disrupt the normal global trade order the focus of global trade is switching to Eurasia.