There seems to be a lot of chicken littles out there shouting that Trade is “falling”. The hyperbole and rhetoric during the campaign likely awoke and frightened the trade chicken littles.
Global Trade and the underlying “deals” are not single looped knots in a child’s shoe, which can be undone with a single pull of a loose end. They are more akin to a Gordian knot which are difficult to undo and when trying to unravel often lead to unintended consequences.