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U.S. Trade Representative Robert Lighthizer just stated at the press conference for the signing that this agreement includes 95% of the GDP that would have been included in the TPP agreement.
But since it is a bilateral deal, we can fix it and update it as times change. The TPP would have been very difficult if not impossible to do that. So, yes, this is a superior approach to negotiating these trade arrangements.
U.S. Trade Representative Robert Lighthizer just stated at the press conference for the signing that this agreement includes 95% of the GDP that would have been included in the TPP agreement.
But since it is a bilateral deal, we can fix it and update it as times change. The TPP would have been very difficult if not impossible to do that. So, yes, this is a superior approach to negotiating these trade arrangements.
That's how Trump is selling it. EDIT - the TPP does allow for disputes between countries, and there are proesses in place with the WTO to address issues. But
But for now -- it is as good as the TPP was.
It's a nothing burger -- so to speak. Nothing in the deal will make any big difference.
Trump fans have been banboozled once again to think that this is some AMAZING deal that will change everything.
It changes nothing.....absolutely nothing.
And because there is still NO agreement on autos --- the biggest sector ---- there is still a big element of uncertainty and THAT is the biggest concern for investors -- the unknown, the uncertainty.
Don't you all wonder how good the market would be if Trump was able to actually resolve issues in a timely manner?
This deal is a complete failure by team Trump. It's worse than TPP. Japan gave concesssions of beef and pork but the concessions where the same as TPP. Yet no concessions where give for barley rice ior dairy as existed under TPP. And for the Trumpsters that believe trade deficit matters well all the big ticket items like auto parts and semiconducters that make up the deficit are not covered. Ultimately this is a worse deal than TPP. Its not even an arguement. Trumpsters should be up in arms.
Yea, because having only one trading partner is so much better than having multiple trading partners.
TPP was a destructive deal that opened capital trade between the pacific rim countries which allowed corporate financer to override domestic democracy and limit popular control of global wealth. Sure it would make consumption cheaper and widen corporate investment, but cheap materialism isn't a good exchange for social capital and cultural well being. Humans are more than a cog in a machine.
Its why both major democratic nominees opposed Obama's trade deal but Mitch McConnell supported it. Actually the whole global opposition to it is fairly left wing, a form of politics that is foriegn to most Americans.
I sure hope the Don hurries up - going on two years now with growth in the indexes not over inflation. Car sales are down big time in the Farm Belts...and much more.
How much longer do the average people have to suffer for The Don and his bragging rights?
I sure hope the Don hurries up - going on two years now with growth in the indexes not over inflation. Car sales are down big time in the Farm Belts...and much more.
How much longer do the average people have to suffer for The Don and his bragging rights?
Anyone who believes that any of the current Democrats running for President has any chance of doing better than what Trump is doing is out of their mind.
Bi-lateral trade deals just complicate doing business globally. Imagine managing your supply chain with 50, 100 different sets of rules and regulations! They put American businesses at a disadvantage in global commerce. The US will eventually come to its senses and get back in TPP or cede the Asian market to China.
Good, I don't want our businesses to dominate. If they lose power internationally they are weakened domestically. That means industry and small businesses can survive in America.
Globalism has been the death of the world, its just a call for capital rule over citizens. The financers who control capital regulate societies and individual behavior. I don't care about the increased consumption or cheaper products.
The only real "improvement" is that this is a bilateral agreement vs. the TPP being multilateral. There are arguments to be made whether that is actually good or bad.
All in all this seems a lot like treading water to me.
This deal is a complete failure by team Trump. It's worse than TPP. Japan gave concesssions of beef and pork but the concessions where the same as TPP. Yet no concessions where give for barley rice ior dairy as existed under TPP. And for the Trumpsters that believe trade deficit matters well all the big ticket items like auto parts and semiconducters that make up the deficit are not covered. Ultimately this is a worse deal than TPP. Its not even an arguement. Trumpsters should be up in arms.
Eventually being against the TP-P is something I respect Hillary for.
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