Multilateral trade is in the interest of American companies

After Donald Trump was elected president, the concern among America's trade partners was that the candidate who had run promoting an "America First" agenda would steer the US into a dangerous protectionist direction after entering office.

He did threaten to revoke the North American Free Trade Agreement (Nafta), accused China of "stealing" American jobs by manipulating its currency and threatened to impose punitive tariffs on Chinese imports. But as demonstrated during his visit to China last week, the Sino-America trade war that…