https://www-m.cnn.com/2018/12/29/politics/tpp-trade-trump/index.html?r=https://www.google.com/ Trump pulled out of a massive trade deal. Now 11 countries are going ahead without the US New York (CNN)A major 11-country agreement goes into effect Sunday, reshaping trade rules among economic powerhouses like Japan, Canada, Mexico and Australia — but the United States won't be a part of it. That means that Welch's grape juice, Tyson's pork and California almonds will remain subject to tariffs in Japan, for example, while competitors' products from countries participating in the new Comprehensive and Progressive Agreement for Trans-Pacific Partnership will eventually be duty-free. "Our competitors in Australia and Canada will now benefit from those provisions, as US farmers watch helplessly," said US Wheat Associates President Vince Peterson at a hearing on the potential negotiations with Japan.
Was TPP a “blow to the farmers” when OBAMA SIGNED IT??? Of course not. Liberals and hypocrisy. Peas in a pod
He did already: he agrees that other Americans pay tariffs on Chinese (and other) products , and several companies will probably lose some exports. At the same time he will import Mexicans to work in his companies. The TPP was an arrangement with these 11 countries. He had to blew it up to make a new identical one? Why should these 11 countries accept a worse agreement?
Very 1 dimensional way to look at it in my opinion. Here is an entrepreneur who encourages tariffs, and the very clear reasons why:
As for multi-lateral agreements, they often remove sovereignty from the participant nations. Not worth it.
The way Trump "thinks" (for as far as he can think) is: we should support weak sectors by blocking our markets for competitors. The rest of the world should do the same then. So we should forbid Google, Facebook, Twitter, Snapchat, HP, DELL, Apple, Starbucks, Mc Donalds ... and replace them by European products. Just like China and Russia are doing. We should protect our markets too.
What does this at all have to do with Obama? I think you entirely.missed the point. Not being part of a trade union effectively prices your companies out of the market. Others have access and can offer products at much lower prices while nobody buys American products in Japan that are potentially 10-20% more expensive. Has nothing whatsoever to do with which political party was or is in power. It's a logical issue not a political one.
But that is the hope of the ruling elite in America. They believe that they can bully countries into accepting tariffs to sell into American markets while still forcing tariff free access into others' markets. That is precisely the reason why American powerful interests are fighting toes and nails to dismantle and harm the European Union. The very same American powerful intetest lobby does anything to make American soldiers remain in the Middle East. Goal: to protect one single country. Cost: hundreds of billions of dollars wasted on military spending that could have been used for infrastructure spending and education. Same exact story with the tax cuts for corporations in America. Who benefitted? The wealthy elite. Who paid? The poor middle class chap on the street. Why? Lower corporate taxes - more money for companies - zero increase in Capex or hiring but massive share buybacks at hugely inflated prices, essentially assisting the wealthy elite to offload their portfolios at record prices. Why I mention all three issues? Because they are all connected by one common driver: a ruling elite that does not give a shit about its own people but wants to do anything possible to retain the global ruling order so to continue to benefit itself. The EU has and still does greatly benefit the average citizen. In America a 1 or 2% minority shuns every possible cooperation or pact that might benefit the American middle class because it would harm its own interests and concentration of decision making power. A orangutan simply does not have the capacity to comprehend such complexities but rather falls pray to self-interested advisors who do anything to uphold the established orders of power.