The leader of the free world dropped the baton this week. The decision to pull out of the Paris accord caused widespread criticism around the world. The USA is set to join Syria and Nicaragua as the only countries on the planet refusing to sign up to the climate change agreement.
Google, Apple and Facebook CEOs joined the chorus of criticism. Donald Tusk and Disney's Bob Iger withdrew from Trump advisory panels following the decision. Even the CEO of Goldman Sachs tweeted to Trump. He never tweets! Leading members of the U.S. Conference of Mayors announced they are unified in their opposition to President Trump's withdrawal from the Paris climate accord. The group affirmed their commitment to meet environmental goals, despite the president's decision. Former New York Mayor Michael Bloomberg committed to make good the $15 million shortfall to the UN from his own pocket, as he too made clear his views.
In Europe the G7 leaders denounced the decision. China and India vowed commitment to the cause. Europe will co-operate with China to maintain momentum. Elected by the "People of Pitsburgh not Paris" Trump made good on his election promise. Pity the people of Pitsburgh were not fully in support. Yes the people of Pitsburgh have children and grand children too.
Trump has dropped the baton and turned his back on the world. Chinese hegemony beckons. Set to overtake the US as the largest economy in the world within the next ten years, the rise of the Renminbi and the depreciation of the Dollar will front run the move. Gaining the initiative in the South China seas and now in Europe, is set to follow for the people of the Middle Kingdom.
Trump has stated the US may stay in, if a deal can be renegotiated. Difficult to renegotiate a voluntary agreement with a tough set of targets to save the planet. All eyes were on Trump this week just as planned. The President was speaking to a safe audience of flower lovers and followers in the Rose Garden, as the Grand Decision was made.
All eyes were ON Trump. All eyes were OFF the Mueller "special investigation". The subpoenas are flying, no escape for Gerard Kushner, even Nigel Farage became a person of "special interest" to the FBI. (Only in the US!). Sean Spicer became even more evasive, monosyllabic and sycophantic when pinned in the White House Press Room. His job is on the line after all!
Trump may have dropped the baton. The Master of Misdirection held the whistle. The game is not yet over. The cost to American reputation and prestige is immense. The price to pay for the President's choice of distraction is huge. Focus will return to the Moscow mysteries ere too long. Condemnation of the Trump move will be eternal.
That's all for this week from The West Wing, Whisky, Tango, Foxtrot ... You can check out the series of blog posts here or leave any comments or LIKES on the Facebook page here ...
|The Saturday Economist|
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