Singapore, Trade and Geopolitics, by Alasdair Macleod

Was the Singapore summit Trump’s admission that the US will eventually leave the Korean Peninsula and North Korea will become part of the Chinese sphere of influence? From Alasdair Macleod at goldmoney.com:

The Western media was incredulous. The Donald had disregarded diplomacy, scuttled out of the G7 meeting in Canada without endorsing the G7 agreement, and ended up shaking hands with a previously avowed enemy in Singapore. The formally leisurely pace of global diplomacy, where all is pre-agreed before the photo-op showing unanimity of leadership, was ditched in favour of the Art of the Deal. Foreign correspondents for the established media were confused and obviously out of their depth, particularly over the deal with President Kim Jong-un.

As a female journalist pointed out at the press conference after the meeting, Kim has proven to be ruthless and untrustworthy, killing members of his own family and imprisoning and torturing his own people. How could Trump possibly come to terms with him, and concede, apparently without consulting South Korea, to suspend joint exercises, and agree to the objective of a complete denuclearisation of the peninsular, which is the implication of the eventual withdrawal of American forces entirely from the South?

The Singapore deal was in fact not a deal, but an endorsement of the earlier agreement between the two Koreas at Panmunjom on 27th April. And this is the point, Singapore was the US confirming it accepted Panmunjom.

The razzmatazz of a Singaporean summit plays well to Trump’s electoral base, as did his disdain for G7 and his trashing of Trudeau, who he described as “very dishonest and weak” over trade. Trump’s supporters also buy into his fake-news accusations, conveniently placing him beyond criticism so far as they are concerned. Now they are seeing concrete results from the man they elected President, ahead of the mid-term elections in November.

We need to look into the North Korean situation with greater objectivity, before commenting on recent trade policy developments.

To continue reading: Singapore, Trade and Geopolitics

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