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Originally Posted by vision33r
Both the Conservatives and liberals opposes TPP. It would open the flood gate for cheap labor and resources. China would benefit even more.
The USPS is a good example, all postal service participate on this goodwill that they will deliver foreign mail and packages from the postal service of another country for free. Since Chinese government runs their mail service they subsidize the cost of shipping so that any item shipped is cheaper than a pack of cig here. While a package in the US cost more than a pack of cigarette here because USP is indirectly tax payer funded.
This is an example how TPP like rules doesn't benefit every country unless there's some parity of government subsidies on services.
TPP would make send goods between the countries virtually tariff free and every industry in the US would be impacted even worse off.
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Ugh, China wasn't involved in TPP at all. In fact, the whole point was to reduce the dependence on Chinese exports in places like Vietnam. Trump nuked the whole thing, now countries like Singapore have decided to sign deals with China instead of the US.