deanrd
Gold Member
- May 8, 2017
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Governments Worldwide Pursue Free Trade Agreements, With One Exception - The USA
While Trump administration officials scratch their heads about the pros and cons of free trade agreements, other countries are racing ahead with agreements that exclude the United States.
Then there’s the big Kahuna, the Regional Comprehensive Economic Partnership, or RCEP, a 16-country Asian trade agreement stretching from India to Japan and including China. These are just a few of the agreements being negotiated or discussed. There are many others proposed or under negotiation and they all leave the United States on the outside looking in.
According to Global Trade Alert, which monitors protectionism, the U.S. is the world’s most protectionist country in that it has imposed more protectionist measures than any other country during the last decade.
“At present, the United States faces the risk that tax cuts may raise the U.S. fiscal deficit, the opposite direction of what would help to reduce the trade deficit,” wrote Joseph E. Gagnon of the Peterson Institute on March 29.
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Because we are being distracted by Trump's racism and craziness, our eyes are not on what Trump and his cohorts are actually doing.
But pulling out of trade negotiations and insulting former trading partners, Trump will guarantee that our economy will be wrecked for years. It takes time for an economy as big as ours to catch up to the damage. Look at what happened under Bush.
By ending medicaid, our rural economy will be devastated. In many rural areas, the only employer is the hospital. Gutting Medicaid will ensure most of these hospitals close down.
So is all this happening under the Direction of Vladimir Putin? Someone is the mastermind. Whoever it is.
While Trump administration officials scratch their heads about the pros and cons of free trade agreements, other countries are racing ahead with agreements that exclude the United States.
Then there’s the big Kahuna, the Regional Comprehensive Economic Partnership, or RCEP, a 16-country Asian trade agreement stretching from India to Japan and including China. These are just a few of the agreements being negotiated or discussed. There are many others proposed or under negotiation and they all leave the United States on the outside looking in.
According to Global Trade Alert, which monitors protectionism, the U.S. is the world’s most protectionist country in that it has imposed more protectionist measures than any other country during the last decade.
“At present, the United States faces the risk that tax cuts may raise the U.S. fiscal deficit, the opposite direction of what would help to reduce the trade deficit,” wrote Joseph E. Gagnon of the Peterson Institute on March 29.
---------------------------
Because we are being distracted by Trump's racism and craziness, our eyes are not on what Trump and his cohorts are actually doing.
But pulling out of trade negotiations and insulting former trading partners, Trump will guarantee that our economy will be wrecked for years. It takes time for an economy as big as ours to catch up to the damage. Look at what happened under Bush.
By ending medicaid, our rural economy will be devastated. In many rural areas, the only employer is the hospital. Gutting Medicaid will ensure most of these hospitals close down.
So is all this happening under the Direction of Vladimir Putin? Someone is the mastermind. Whoever it is.