Hours after Trump says US won’t be taken advantage of, Pacific nations reach deal without America

[RealDave]

Trump fucked American farmers out of billions of dollars when he exited the TPP>

The stupid **** did not even know what was in it.

how many billion, like 5 ?

Like 4% of the total agriculture exports? You think that ois nothing?

 

[Meathead]

Trump's tantrum didn't work.

US left out as Pacific trade deal achieved

DANANG, Vietnam – President Donald Trump delivered a fiery speech on trade here Friday, declaring that he would not allow the United States to be “taken advantage of anymore” and planned to place “America first.”

And then, less than 24-hours later, 11 Pacific-Rim countries collectively shrugged and moved on without the U.S.

On Saturday, the countries announced they had reached a deal to move ahead with the Trans-Pacific Partnership free-trade pact that Trump threw into question when he withdrew from it earlier this year.
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For a trade deal, you need a market. Without the US, it's a shell. All these countries will negotiate an independent deal with the US. After all, China and Japan have all the rice they need.

 

[BETH-MIDAN]

Trump fucked American farmers out of billions of dollars when he exited the TPP>

The stupid **** did not even know what was in it.

how many billion, like 5 ?

Like 4% of the total agriculture exports? You think that ois nothing?

theres a 36 and odd percent tax on corporations by the federal government, yes

 

[TyroneSlothrop]

We will not be taken advantage of by the Russians in fact they are going to "Guard " us

Firm founded by KGB spy to guard US Moscow embassy

• 10 November 2017
• US to use Russia firm founded by KGB spy

The US State Department has employed a private firm set up by a veteran Soviet-era spy to provide security for its Moscow embassy and diplomatic missions in Russia.

 

[Correll]

you speak of a collusion against us on Asia's part ?

Collusion implies working together and communication.


I think at this point, our trading partners just do it be learned reflex.


And why not?

 

[BETH-MIDAN]

kgb is gone
why [wouldn't] a consultant security consort in Russia have folks that were former kgb ?

 

[BETH-MIDAN]

you speak of a collusion against us on Asia's part ?

Collusion implies working together and communication.


I think at this point, our trading partners just do it be learned reflex.


And why not?

Then why would you try to be in a shoddy trade agreement with them ?

 

[rightwinger]

Meanwhile, China is pushing its own trade group, the Regional Comprehensive Economic Partnership, which includes 16 nations accounting for 39% of global GDP. While that deal isn’t as ambitious in promoting free trade as TPP, it bolsters China’s economic influence. The irony is that by leaving TPP Mr. Trump is letting China extend its mercantilism, which promotes its “national champions,” more broadly at the expense of the U.S.

The U.S. simply doesn’t have the economic leverage to force Asian nations to make big concessions in bilateral agreements. Perhaps it did in the 1980s, when Mr. Trump’s understanding of world trade seems to have stopped. Then the U.S. was the destination market for the bulk of Asia’s production. Countries have many other destinations for goods and services, and companies are focused on trade within the rapidly growing region. Complex supply chains have made bilateral trade deals less important, and mulilateral rules often trump bilateral trade terms.

Trump’s Pacific Trade Tear

Trumps view of American economic dominance is set in postwar 1950s and 1960s......when, economically....the U.S. was great

Now, in the pacific, we have to compete with China, Japan, Vietnam and South Korea

America First means America all alone

 

[rightwinger]

His base myself included wanted OUT of TPP. He kept a promise!
Trump 2020!

Now pull China's most favored nation status next!

Our leverage is food. Nobody can feed all those folks but out farmers.
Want 100 bucks a barrel for oil there Ahmed? Okay, here's a loaf of bread. Keep the change!

See how many people are waving those loaves of bread to fill up their tanks

 

[Correll]

kgb is gone
why would a consultant security consort in Russia have folks that were former kgb ?

Because they have training and experience in the field?


I would expect any russian security concern to have former KGB in them, less so now that they would be getting older.

 

[Correll]

you speak of a collusion against us on Asia's part ?

Collusion implies working together and communication.


I think at this point, our trading partners just do it be learned reflex.


And why not?

Then why would you try to be in a shoddy trade agreement with them ?

EXACTLY.


Trump was right to walk away.

 

[Correll]

Meanwhile, China is pushing its own trade group, the Regional Comprehensive Economic Partnership, which includes 16 nations accounting for 39% of global GDP. While that deal isn’t as ambitious in promoting free trade as TPP, it bolsters China’s economic influence. The irony is that by leaving TPP Mr. Trump is letting China extend its mercantilism, which promotes its “national champions,” more broadly at the expense of the U.S.

The U.S. simply doesn’t have the economic leverage to force Asian nations to make big concessions in bilateral agreements. Perhaps it did in the 1980s, when Mr. Trump’s understanding of world trade seems to have stopped. Then the U.S. was the destination market for the bulk of Asia’s production. Countries have many other destinations for goods and services, and companies are focused on trade within the rapidly growing region. Complex supply chains have made bilateral trade deals less important, and mulilateral rules often trump bilateral trade terms.

Trump’s Pacific Trade Tear

Trumps view of American economic dominance is set in postwar 1950s and 1960s......when, economically....the U.S. was great

Now, in the pacific, we have to compete with China, Japan, Vietnam and South Korea

America First means America all alone

We are still great, and we do not need to sign on to bad trade deals.

 

[cnm]

while their corrupt and massively underfunded efforts to enforce our intellectual rights, had mysteriously failed, for some reason or another.

Unbelievable. The agreement would have given injured US entities the power to sue, which they do not now have. These dudes just can't be told.

 

[Dragonlady]

Meanwhile, China is pushing its own trade group, the Regional Comprehensive Economic Partnership, which includes 16 nations accounting for 39% of global GDP. While that deal isn’t as ambitious in promoting free trade as TPP, it bolsters China’s economic influence. The irony is that by leaving TPP Mr. Trump is letting China extend its mercantilism, which promotes its “national champions,” more broadly at the expense of the U.S.

The U.S. simply doesn’t have the economic leverage to force Asian nations to make big concessions in bilateral agreements. Perhaps it did in the 1980s, when Mr. Trump’s understanding of world trade seems to have stopped. Then the U.S. was the destination market for the bulk of Asia’s production. Countries have many other destinations for goods and services, and companies are focused on trade within the rapidly growing region. Complex supply chains have made bilateral trade deals less important, and mulilateral rules often trump bilateral trade terms.

Trump’s Pacific Trade Tear

Trumps view of American economic dominance is set in postwar 1950s and 1960s......when, economically....the U.S. was great

Now, in the pacific, we have to compete with China, Japan, Vietnam and South Korea

America First means America all alone

We are still great, and we do not need to sign on to bad trade deals.

Chinese steel exports to the USA increased by 27% this year over last. Trump promised no more Chinese steel and that was a lie.

 

[cnm]

Chinese steel exports to the USA increased by 27% this year over last. Trump promised no more Chinese steel and that was a lie.

While tossing away the chance to enforce intellectual property rights. Best POTUS evah!

 

[Dragonlady]

And guaranteeing no dumping of steel or other lower priced off-shore goods on the US.

 

[Wry Catcher]

Someone explain free trade, protective tariffs and how it all boils down to We the People.

We don't want supposedly Free Trade, that ends up being against the best interests of We the People.


Protective tariffs are a potential solution to that.

Would someone who knows something about trade policies historically please answer the question.

 

[rightwinger]

Meanwhile, China is pushing its own trade group, the Regional Comprehensive Economic Partnership, which includes 16 nations accounting for 39% of global GDP. While that deal isn’t as ambitious in promoting free trade as TPP, it bolsters China’s economic influence. The irony is that by leaving TPP Mr. Trump is letting China extend its mercantilism, which promotes its “national champions,” more broadly at the expense of the U.S.

The U.S. simply doesn’t have the economic leverage to force Asian nations to make big concessions in bilateral agreements. Perhaps it did in the 1980s, when Mr. Trump’s understanding of world trade seems to have stopped. Then the U.S. was the destination market for the bulk of Asia’s production. Countries have many other destinations for goods and services, and companies are focused on trade within the rapidly growing region. Complex supply chains have made bilateral trade deals less important, and mulilateral rules often trump bilateral trade terms.

Trump’s Pacific Trade Tear

Trumps view of American economic dominance is set in postwar 1950s and 1960s......when, economically....the U.S. was great

Now, in the pacific, we have to compete with China, Japan, Vietnam and South Korea

America First means America all alone

We are still great, and we do not need to sign on to bad trade deals.

They are not bad deals when you are on the side with economic clout

Teaming with Japan and S Korea gives us clout when competing with China. Now, they are teamed to compete against us

America First means America Last

 

[Wry Catcher]

A little help from Investopedia:

The Basics Oof Tariffs And Trade Barriers

 

[deanrd]

Trump's tantrum didn't work.

US left out as Pacific trade deal achieved

DANANG, Vietnam – President Donald Trump delivered a fiery speech on trade here Friday, declaring that he would not allow the United States to be “taken advantage of anymore” and planned to place “America first.”

And then, less than 24-hours later, 11 Pacific-Rim countries collectively shrugged and moved on without the U.S.

On Saturday, the countries announced they had reached a deal to move ahead with the Trans-Pacific Partnership free-trade pact that Trump threw into question when he withdrew from it earlier this year.
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Let them sell rice to each other. We will get the steel and shrimp cheaper.

That doesn't even make sense.