Two events at the APEC Asia Pacific Economic Cooperation (APEC) summit provide a clear lesson: One of the problems with an America First trade policy is that it prompts the rest of the world to put America last.
That message could not have been any clearer. Trump opened the APEC CEO summit with a hard-edged speech in which he described his America First theme, warning that U.S. trade deficits would not be tolerated. The next day, 11 Pacific Rim countries reached a deal Saturday to proceed with the free-trade Trans-Pacific Partnership without the United States.
Under its new name, the…

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