https://www.cnbc.com/2018/04/02/companies-in-tpp-member-countries-may-reduce-reliance-on-us.html Many have warned that Trump's decision to exit the TPP places the U.S. at a competitive disadvantage in trading with TPP members, particularly in agriculture. "For example, under CPTPP, Australian beef exporters will now pay only a 9 percent tariff on their sales in Japan, while their U.S. competitors will continue to face a basic tariff rate of 38 percent," the Center for Strategic and International Studies said in a note.
I smell hamburger! So that’s why cattle futures haves been moooooving down so strongly. I wonder if this move will be correlated to Trump’s future(s)? <grin>