Trump: US to Quit TPP Trade Deal on First Day in Office

[truthatallcost]

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?

 

[Hawkeye10]

"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?

After the global rebellion against the elite we have seen in the last year there is almost zero chance that TPP should move forwards.

 

[TheGoverness]

"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 can get behind this 100%. **** the TPP.

 

[reinoe]

"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!

 

[truthatallcost]

This is going to outrage the liberals: because if Trump is against it they're gonna be for it!

More than likely, this thread will float into the abyss because there's no rage here for anti Trump thumpers.

 

[truthatallcost]

After the global rebellion against the elite we have seen in the last year there is almost zero chance that TPP should move forwards.

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.

 

[Orly?]

More than likely, this thread will float into the abyss because there's no rage here for anti Trump thumpers.

Sad but true..

 

[Nilly]

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.

 

[MrPeanut]

Being against TPP is a good thing. I think the fact that Obama pushed it so hard will make it much easier for the Republican congress to be against it alongside Trump. I don't believe for a second Republicans have a legitimate problem with it beyond it being Obama's deal. If Trump can successfully stop the TPP and invest a bunch of money into infrastructure it would be a damn good start.

 

[Threegoofs]

"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?

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.

 

[MrPeanut]

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.

 

[truthatallcost]

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.

Are you interested in what Bernie Sanders thinks about TPP?

"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

Sanders goes on to compare TPP to NAFTA, CAFTA, and PNTR with China, all trade agreements signed by Bill Clinton & Curious George Bush.

 

[Hawkeye10]

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.

Have you seen all these people here there and everywhere who are shocked to find Trump STILL refusing to conform, STILL going about his day doing what he thinks is best??

Make that coffee very very strong SIR.

THis wake up call is going to take some work.

 

[Battalion]

This is going to outrage the liberals: because if Trump is against it they're gonna be for it!

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???

 

[DaveFagan]

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.

"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.

 

[truthatallcost]

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.

How do you feel about price gouging in the pharmaceutical industry? Wanna pay 100 bucks a pill for antibiotics?

The 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.

TPP and Access to Affordable Medicines

 

[Phys251]

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.

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.

 

[truthatallcost]

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.

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.

The 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.

TPP and Access to Affordable Medicines

Why did Obama and Clinton think this was OK?

 

[reinoe]

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.

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.

 

[MrPeanut]

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

I've already said I don't want the TPP to pass. That is one of the reasons. Trade deals do increase GDP and position us better globally, but they also hurt a lot of people particularly those without college degrees.

 

[Phys251]

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.

:lamo

 

[Threegoofs]

"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.

It's not a trade war. It's a trade agreement, meant to solidify trade with other nations so China doesn't overwhelm them.

 

[Threegoofs]

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?

Well, several nations do not hold to patent protections that are found in the US. This ensures they will. IP is not something respected by all nations.

Longer patent lives are not necessarily a bad thing- there is a good argument that extending patents will both stimulate innovation and increase competition for innovative therapies.

I'm working on a drug right now that has amazing potential- but our investment in future-potentially lifesaving trials- won't happen, since the patent expires in 2024 and it's not worth sinking hundreds of millions into risky trials that will give us a couple years of exclusive use.

Which means you lose, if you could have benefited from the drug for that unstudied condition.

Trade is complicated.

 

[Chomsky]

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???

That's a very good point!

Excellent, buddy!

 

[Casper]

"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?

Trump says lots of things, will wait to see what he actually does and does not do, words are cheap.