The President’s nascent trade policy has already drawn sharp rebukes from key trade partners that threaten the competitiveness of American exporters and investors. The refusal of the U.S. to endorse a G-20 statement condemning protectionism demonstrates the gulf between Washington and countries that, as recently as December, were its stalwart partners in promoting the rules-based system of free global trade. The announcement this week of a forthcoming White House review of 14 existing U.S. free trade agreements (FTAs) promises protectionist moves that will meet staunch resistance from treaty partners.