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President-elect Donald Trump says the US will quit the Trans-Pacific Partnership trade deal on his first day in the White House. He made the announcement in a video message outlining what he intends to do first when he takes office in January.
The TPP was agreed in 2015 by countries including Japan, Malaysia, Australia, New Zealand, Canada and Mexico, but is not yet ratified. Its aim was to deepen economic ties and boost growth but its opponents say it was negotiated in secret and it favours big corporations.
Trump: US to quit TPP trade deal on first day in office - BBC News
"The TPP is a massive, controversial, pro-corporate "free trade" agreement among the United States and 11 other countries – Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam."
Trans-Pacific Partnership
Both Obama and Hillary Clinton supported TPP, another generous give away to their corporate masters. Yet Trump is determined to end it. Is he looking to make good on a campaign promise?
Thoughts?
Comments?
"The TPP is a massive, controversial, pro-corporate "free trade" agreement among the United States and 11 other countries – Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam."
Trans-Pacific Partnership
Both Obama and Hillary Clinton supported TPP, another generous give away to their corporate masters. Yet Trump is determined to end it. Is he looking to make good on a campaign promise?
Thoughts?
Comments?
"The TPP is a massive, controversial, pro-corporate "free trade" agreement among the United States and 11 other countries – Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam."
Trans-Pacific Partnership
Both Obama and Hillary Clinton supported TPP, another generous give away to their corporate masters. Yet Trump is determined to end it. Is he looking to make good on a campaign promise?
Thoughts?
Comments?
This is going to outrage the liberals: because if Trump is against it they're gonna be for it!
After the global rebellion against the elite we have seen in the last year there is almost zero chance that TPP should move forwards.
More than likely, this thread will float into the abyss because there's no rage here for anti Trump thumpers.
"The TPP is a massive, controversial, pro-corporate "free trade" agreement among the United States and 11 other countries – Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam."
Trans-Pacific Partnership
Both Obama and Hillary Clinton supported TPP, another generous give away to their corporate masters. Yet Trump is determined to end it. Is he looking to make good on a campaign promise?
Thoughts?
Comments?
I don't believe free trade is the devil, but for decades it has had a massive negative effect on the working class and politicians have ignored it. It is a wake up call. If the U.S. wants to gain with free trade it needs to look out for those that are likely to be negatively impacted by it and create effective programs to retrain those people. I agree we will lose some ground to China and not reap the benefits of increased GDP.It's too bad.
This hysterical backlash to free trade is generally going to hurt our, as well as other economies.
Of course corporations do well in the TPP! They are the ones bringing in the most money from international trade. But corporations employ lots of people and contribute to our GDP.
The winner here is China, who wasn't part of the TPP and now will get more freedom to monopolize markets all over the Pacific.
I'm all for it. I think there can be cross partisan support for getting rid of the TPP (particularly the ISDS clauses)
It's a free trade agreement so I'll be interested to see what libertarians support this.
"The Trans-Pacific Partnership is a disastrous trade agreement designed to protect the interests of the largest multi-national corporations at the expense of workers, consumers, the environment and the foundations of American democracy. It will also negatively impact some of the poorest people in the world.
The TPP is a treaty that has been written behind closed doors by the corporate world. Incredibly, while Wall Street, the pharmaceutical industry and major media companies have full knowledge as to what is in this treaty, the American people and members of Congress do not. They have been locked out of the process.
Petition: Stop Another Trade Deal 'Disaster' - Senator Bernie Sanders of Vermont
Several people on DP have accused Trump of being more in bed with the establishment than Clinton would have been. This news will break a few hearts.
This is going to outrage the liberals: because if Trump is against it they're gonna be for it!
It's too bad.
This hysterical backlash to free trade is generally going to hurt our, as well as other economies.
Of course corporations do well in the TPP! They are the ones bringing in the most money from international trade. But corporations employ lots of people and contribute to our GDP.
The winner here is China, who wasn't part of the TPP and now will get more freedom to monopolize markets all over the Pacific.
I don't believe free trade is the devil, but for decades it has had a massive negative effect on the working class and politicians have ignored it. It is a wake up call. If the U.S. wants to gain with free trade it needs to look out for those that are likely to be negatively impacted by it and create effective programs to retrain those people. I agree we will lose some ground to China and not reap the benefits of increased GDP.
TPP and Access to Affordable MedicinesThe Trans-Pacific Partnership would provide large pharmaceutical firms new rights and powers to increase medicine prices and limit consumers' access to cheaper generic drugs. This would include extensions of monopoly drug patents that would allow drug companies to raise prices for more medicines and even allow monopoly rights over surgical procedures. For people in developing countries involved in the TPP, these rules could be deadly – denying consumers access to HIV/AIDS, tuberculosis and cancer drugs.
It's too bad.
This hysterical backlash to free trade is generally going to hurt our, as well as other economies.
Of course corporations do well in the TPP! They are the ones bringing in the most money from international trade. But corporations employ lots of people and contribute to our GDP.
The winner here is China, who wasn't part of the TPP and now will get more freedom to monopolize markets all over the Pacific.
It's too bad.
This hysterical backlash to free trade is generally going to hurt our, as well as other economies.
Of course corporations do well in the TPP! They are the ones bringing in the most money from international trade. But corporations employ lots of people and contribute to our GDP.
The winner here is China, who wasn't part of the TPP and now will get more freedom to monopolize markets all over the Pacific.
TPP and Access to Affordable MedicinesThe TPP would also establish new rules that could undermine government efforts to contain rising medicine prices in developed countries like the United States. An analysis of the final TPP text shows taxpayer-funded public health programs would be exposed to pharmaceutical company attacks and constrain future policy reforms to reduce prescription drug costs for Americans. The text explicitly binds Medicare to TPP rules that would limit proposed policy changes to tamp down healthcare costs for seniors.
Personally I think Obama wanted the TPP so badly because he hates all American from all walks of life except his corporate donors. If he could find a way to legalize harvesting people's organs against their will, he would.Personally I think Obama wanted the TPP so badly not as an economic move but a strategic move, as part of his "South Asia pivot." Just look at all the nations in SE Asia that would be in it.
Still, a broken clock is right twice a day, and I am not in favor of the TPP.
How do you feel about price gouging in the pharmaceutical industry? Wanna pay 100 bucks a pill for antibiotics?
TPP and Access to Affordable Medicines
:lamoPersonally I think Obama wanted the TPP so badly because he hates all American from all walks of life except his corporate donors. If he could find a way to legalize harvesting people's organs against their will, he would.
"The winner here is China, who wasn't part of the TPP" The TPP was engineered as a trade weapon against China. Weapons should be confined to hot wars and trade wars are paradoxical. The USA is attempting to control World economies by any means. Does "Full Spectrum Dominance" trigger any synapses? I hope the nonsense stops with Trump. The greater World needs a friend and the USA has not filled the bill.
And just like all the garbage coming out of Washington these days, TPP was loaded with extra benefits that have nothing to do with increasing productivity.
TPP and Access to Affordable Medicines
Why did Obama and Clinton think this was OK?
That's a very good point!Unequal trade agreements cost both sides in the long-term. A trade agreement with Japan, Australia, Canada, and Singapore...I could live with such agreements with developed economies if it means a "win-win". But Malaysia? Chile? Mexico? Brunei? Vietnam? Peru? Trying to send out even more jobs???
"The TPP is a massive, controversial, pro-corporate "free trade" agreement among the United States and 11 other countries – Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam."
Trans-Pacific Partnership
Both Obama and Hillary Clinton supported TPP, another generous give away to their corporate masters. Yet Trump is determined to end it. Is he looking to make good on a campaign promise?
Thoughts?
Comments?
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