webfact Posted November 22, 2016 Share Posted November 22, 2016 Trump: US to quit TPP trade deal on first day in office WASHINGTON: -- 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 messageoutlining what he intends to do first when he takes office in January. The TPP trade deal was signed by 12 countries which together cover 40% of the world's economy. Full story: http://www.bbc.com/news/world-us-canada-38059623 -- © Copyright BBC 2016-11-22 Link to comment Share on other sites More sharing options...
OMGImInPattaya Posted November 22, 2016 Share Posted November 22, 2016 Since it's not even in affect, nothing will change. Link to comment Share on other sites More sharing options...
Andaman Al Posted November 22, 2016 Share Posted November 22, 2016 This guy is gonna have a very busy first day. So many other things to do in the first hour and the first day. If he gets all he promised to do done in the first day I will even wave Trump placards myself. Link to comment Share on other sites More sharing options...
JLCrab Posted November 22, 2016 Share Posted November 22, 2016 So Mr. Trump says that instead of TPP, USA will negotiate bi-lateral deals in the Asia-Pacific region. So Asian Pacific country A will say to USA they will sign a bilateral deal after they see what deal USA signs with Asian Pacific Country B and B will say that they will wait until they see the deal USA signs with Asian Pacific country A. Link to comment Share on other sites More sharing options...
Silurian Posted November 22, 2016 Share Posted November 22, 2016 No worries. Trump will make his own "back room" deals. He already has several "pay to play" schemes going on. This is just the beginning of many to come. First meet with some Indian businessmen to build a Trump apartment building in India. Trump Met With Indian Business Partners Last Week, Raising More Pay-to-Play Fears http://nymag.com/daily/intelligencer/2016/11/trump-met-with-his-indian-business-partners-last-week.html Next make sure foreign diplomats stay at Trump's hotel in DC. Foreign Diplomats Are Apparently Lining up to Do Business at Trump’s D.C. Hotel http://nymag.com/daily/intelligencer/2016/11/diplomats-are-lining-up-to-do-business-at-trumps-d-c-hotel.html Link to comment Share on other sites More sharing options...
Slaps Posted November 22, 2016 Share Posted November 22, 2016 . All Downhill Now . Link to comment Share on other sites More sharing options...
Mosha Posted November 22, 2016 Share Posted November 22, 2016 Not if you're already at the bottom, and globalisation has seen your job shipped to low cost countries.Sent from my SMART_4G_Speedy_5inch using Tapatalk Link to comment Share on other sites More sharing options...
pookiki Posted November 22, 2016 Share Posted November 22, 2016 (edited) The worst aspect of the TPP was the Investor-State Dispute Settlement (ISDS) mechanism which subrogated State sovereignty to the interests of corporations. Plus, the whole deal was negotiated in secret with no input from affected parties outside corporate boardrooms and Obama's trade negotiator. Sadly, Trumps promise to bring jobs back to the US will never occur. Globalization is here to stay with or without the TPP. What is needed in the world today is a more humane approach to issues affecting the health of all of us living on this globe. Everyone should have access to life saving drugs at 'reasonable' prices or free for those who are indigent. People also need to be aware of the production practices for the products they buy. Garments and smart phones are prime examples. If you choose to buy items that are produced in factories that treat human beings as expendable parts of the production system, nothing is going to change. Edited November 22, 2016 by pookiki grammar Link to comment Share on other sites More sharing options...
daveAustin Posted November 22, 2016 Share Posted November 22, 2016 Anything that upsets the nobs in Brussels is good news afaic. Link to comment Share on other sites More sharing options...
simple1 Posted November 22, 2016 Share Posted November 22, 2016 12 minutes ago, Mosha said: Not if you're already at the bottom, and globalisation has seen your job shipped to low cost countries. Sent from my SMART_4G_Speedy_5inch using Tapatalk Currently most Western governments are of the view that not being a member of international supply chain / trade agreements, with reduced tariffs and so on will increase unemployment, not increase local job opportunities. e.g. Whilst there is currently strong criticism of the NAFTA agreement employment in the US automotive sector has actually increased during the Obama Administration. IMO many are overlooking that if domestic companies become noncompetitive against international competitors due to trade isolationist polices, domestic prices increases accelerate, unemployment will increase with reduced capital investment. I assume some people with disagree, but the foregoing POV was very much articulated during my employment with IBM with which I concur. The main legal concerns regarding the TPP have been ironed out ,with the TPP is estimated to represent US$27 trillion plus per annum for member countries with significant increase in trade flow should the agreement go ahead. The Trump Administration proposal to supplant the TPP within a reasonable period of time without negatively impacting the US economy beggars belief. Link to comment Share on other sites More sharing options...
Andaman Al Posted November 22, 2016 Share Posted November 22, 2016 30 minutes ago, Mosha said: Not if you're already at the bottom, and globalisation has seen your job shipped to low cost countries. Sent from my SMART_4G_Speedy_5inch using Tapatalk And what are people (50% of Americans) not understanding about the fact that their jobs were shipped to low cost countries by company owners like Trump. Do they really think they are going to ship them back? The Great American Dream is now literally the dream of so many in America that a ruthless scrooge of a businessman will actually bring jobs back to America from their current low cost locations in Asia. He is trying to line his pockets so quickly that they are almost full before he steps in the White House. I kind of feel sorry for all those that believed in him. At the end of the day the mission statement of every company in the world is actually the same - To make money for shareholders. That does not include voluntarily keeping your company in a higher cost labour force environment when a lower cost one (and therefore higher profits) is available. The only way Trump will bring back jobs is to make the labour costs in the USA comparable with the current third world costs (better keep those Mexicans Donald). Do you seriously all believe company's will flock back because they 'like' Trump. Businessmen already understand that Trump is a rubbish businessman, and they have not been conned, the general working (unemployed) population have been. Link to comment Share on other sites More sharing options...
pookiki Posted November 22, 2016 Share Posted November 22, 2016 (edited) 8 minutes ago, simple1 said: Currently most Western governments are of the view that not being a member of international supply chain / trade agreements, with reduced tariffs and so on will increase unemployment, not increase local job opportunities. e.g. Whilst there is currently strong criticism of the NAFTA agreement employment in the US automotive sector has actually increased during the Obama Administration. IMO many are overlooking that if domestic companies become noncompetitive against international competitors due to trade isolationist polices, domestic prices increases accelerate, unemployment will increase with reduced capital investment. I assume some people with disagree, but the foregoing POV was very much articulated during my employment with IBM with which I concur. The main legal concerns regarding the TPP have been ironed out ,with the TPP is estimated to represent US$27 trillion plus per annum for member countries with significant increase in trade flow should the agreement go ahead. The Trump Administration proposal to supplant the TPP within a reasonable period of time without negatively impacting the US economy beggars belief. I suppose that you will also posit that the garment industry will be resurrected in the US after its demise decades ago and that Apple will start making its phones in the US instead of China and India? I haven't researched your assertion that employment in the automotive industry has increased under the Obama administration but part of that may be related to the government's bail out of GM. If workers had a level playing field in terms of safety and health, a living wage, and minimal benefits, then trade agreements would be worth considering. Otherwise it is just subsidizing the worst possible practices against workers. The Thai fishing industry is a prime example as is the garment industry in Bangladesh -- and the automotive industry in India. Edited November 22, 2016 by pookiki grammar Link to comment Share on other sites More sharing options...
DuckDach Posted November 22, 2016 Share Posted November 22, 2016 Trump will start the first day in office allowing the Chinese government to come right in and fill the void , the Chinese are waiting for an nice Chinese New Year Gift in January The Chinese are applauding him already as they badly need the TPP to tank so that they can pursue a bigger influence with any nations that needs trade Sent from my iPhone using Thaivisa Connect Link to comment Share on other sites More sharing options...
stevenl Posted November 22, 2016 Share Posted November 22, 2016 49 minutes ago, daveAustin said: Anything that upsets the nobs in Brussels is good news afaic. Ah yes, Europe that country that was the first to sign on to the TPP. Link to comment Share on other sites More sharing options...
OMGImInPattaya Posted November 22, 2016 Share Posted November 22, 2016 2 hours ago, JLCrab said: So Mr. Trump says that instead of TPP, USA will negotiate bi-lateral deals in the Asia-Pacific region. So Asian Pacific country A will say to USA they will sign a bilateral deal after they see what deal USA signs with Asian Pacific Country B and B will say that they will wait until they see the deal USA signs with Asian Pacific country A. I doubt Wal*Mart will have any difficulty stocking its shelves with merchandise from "Trans-Pacific" countries after the agreement crumbles. Link to comment Share on other sites More sharing options...
Berkshire Posted November 22, 2016 Share Posted November 22, 2016 1 hour ago, pookiki said: Sadly, Trumps promise to bring jobs back to the US will never occur. Globalization is here to stay with or without the TPP. What is needed in the world today is a more humane approach to issues affecting the health of all of us living on this globe. Everyone should have access to life saving drugs at 'reasonable' prices or free for those who are indigent. People also need to be aware of the production practices for the products they buy. Garments and smart phones are prime examples. If you choose to buy items that are produced in factories that treat human beings as expendable parts of the production system, nothing is going to change. Agree with most of your points...especially with the fact that these jobs are not coming back to the USA. That train has left the station. I don't know the full details of the TPP, but I do understand that it includes some of the points you've made with regards to workers rights and environmental protection. Countries that signed on would have had to comply. Trade is a net benefit for America but yes, some will lose out. That's the nature of globalization. Link to comment Share on other sites More sharing options...
Berkshire Posted November 22, 2016 Share Posted November 22, 2016 8 minutes ago, OMGImInPattaya said: I doubt Wal*Mart will have any difficulty stocking its shelves with merchandise from "Trans-Pacific" countries after the agreement crumbles. If the agreement was never in place, nothing will change...will it? Link to comment Share on other sites More sharing options...
JLCrab Posted November 22, 2016 Share Posted November 22, 2016 53 minutes ago, OMGImInPattaya said: I doubt Wal*Mart will have any difficulty stocking its shelves with merchandise from "Trans-Pacific" countries after the agreement crumbles. I thought WalMart would be stocking their shelves from stuff made in America. Link to comment Share on other sites More sharing options...
simple1 Posted November 22, 2016 Share Posted November 22, 2016 1 hour ago, pookiki said: I suppose that you will also posit that the garment industry will be resurrected in the US after its demise decades ago and that Apple will start making its phones in the US instead of China and India? Don't know how you reached the above conclusion. However my answer is "No" Link to comment Share on other sites More sharing options...
Opl Posted November 22, 2016 Share Posted November 22, 2016 (edited) 3 hours ago, Silurian said: No worries. Trump will make his own "back room" deals. He already has several "pay to play" schemes going on. This is just the beginning of many to come. First meet with some Indian businessmen to build a Trump apartment building in India. Trump Met With Indian Business Partners Last Week, Raising More Pay-to-Play Fears http://nymag.com/daily/intelligencer/2016/11/trump-met-with-his-indian-business-partners-last-week.html Next make sure foreign diplomats stay at Trump's hotel in DC. Foreign Diplomats Are Apparently Lining up to Do Business at Trump’s D.C. Hotel http://nymag.com/daily/intelligencer/2016/11/diplomats-are-lining-up-to-do-business-at-trumps-d-c-hotel.html Wonder if .....it does not work like this... to try to avoid conflic of interests concerns : - According to the Argentine press, Mr. Trump profited from a telephone exchange with President Mauricio Macri to ask for his help on a real estate project - something the Argentine president's spokesman vigorously denied. - In an interview published Monday by the Japanese newspaper Asahi Shimbun, Mr. Macri, who has long known Mr. Trump, said he was able to discuss at the same time with his eldest daughter, Ivanka, who is both a vice-president of the company created by her father and a member of her transition team, ( Ivanka Trump had already attended the reception of Japanese Prime Minister Shinzo Abe on 17 November.) Who is there for politics and diplomatics ? Who is there for business ? Who is the Trojan? Why does the info come from the foreign press? Why is US press coverage restricted ? Donald J. Trump ✔ @realDonaldTrump Prior to the election it was well known that I have interests in properties all over the world.Only the crooked media makes this a big deal! 03:14 - 22 Nov 2016 Edited November 22, 2016 by Opl Link to comment Share on other sites More sharing options...
OMGImInPattaya Posted November 22, 2016 Share Posted November 22, 2016 21 minutes ago, JLCrab said: I thought WalMart would be stocking their shelves from stuff made in America. Why would they do that...most of their merchandise isn't available from US based suppliers; and few Americans would fancy working 12 hours a day gluing together Christmas ornaments. Link to comment Share on other sites More sharing options...
JLCrab Posted November 22, 2016 Share Posted November 22, 2016 36 minutes ago, OMGImInPattaya said: Why would they do that...most of their merchandise isn't available from US based suppliers; and few Americans would fancy working 12 hours a day gluing together Christmas ornaments. Well Trump will make it available from US suppliers -- great talent out there -- It will be beautiful -- new jobs in manufacturing instead of stocking the shelves at WalMart -- Great potential there -- trust me. Link to comment Share on other sites More sharing options...
billd766 Posted November 22, 2016 Share Posted November 22, 2016 2 hours ago, stevenl said: Ah yes, Europe that country that was the first to sign on to the TPP. I am sorry to inform you but there is no country called Europe. There are currently 28 countries in the EU most of whom trade with the USA to a greater or lesser amount but NO Europe. Link to comment Share on other sites More sharing options...
stevenl Posted November 22, 2016 Share Posted November 22, 2016 9 minutes ago, billd766 said: I am sorry to inform you but there is no country called Europe. There are currently 28 countries in the EU most of whom trade with the USA to a greater or lesser amount but NO Europe. You forgot to mention something about the Europeans signing the TPP. Link to comment Share on other sites More sharing options...
Opl Posted November 22, 2016 Share Posted November 22, 2016 (edited) REAL CASE TO DEAL WITH CHINA ( not part of the TPP) Chinese company selling luxury 'Trump Toilets' is ready to fight Donald for his name : "We registered our company in 2002 and obtained approval from the trademark office in Beijing," Zhong Jiye, the CEO of Shenzhen Trump Industrial Company Limited, told NBC News. "If Mr. Trump thinks our trademark violates his rights and interests, he can use legal methods because our company observes China's laws." Zhong's company specializes in making high-tech toilet seats that can cost as much as $880. Apparently, they make them quite well and have captured 85% of the Chinese market share. The company claims that over one billion people use its products every year. http://shanghaiist.com/2016/11/17/trump_toilets.php http://www.nbcnews.com/news/china/trump-toilet-name-entirely-coincidental-chinese-firm-says-n684686 Edited November 22, 2016 by Opl Link to comment Share on other sites More sharing options...
billd766 Posted November 22, 2016 Share Posted November 22, 2016 39 minutes ago, stevenl said: You forgot to mention something about the Europeans signing the TPP. No I didnt. Officials of the EU would have signed it and they would have come from some of the 28 countries who make up the EU. Try reading this link. It is quite informative. https://en.wikipedia.org/wiki/Europe Link to comment Share on other sites More sharing options...
brain150 Posted November 22, 2016 Share Posted November 22, 2016 13 minutes ago, billd766 said: No I didnt. Officials of the EU would have signed it and they would have come from some of the 28 countries who make up the EU. Try reading this link. It is quite informative. https://en.wikipedia.org/wiki/Europe Last time I checked Europe was nowhere near the Pacific Ocean ... [TPP = Trans Pacific Partnership] Link to comment Share on other sites More sharing options...
Jingthing Posted November 22, 2016 Share Posted November 22, 2016 I don't pretend to know much about the details of any trade deals. Obviously, nations want to get best deal they can get. However on the globalization vs. anti-globalization thing, ironically, I'm more of a traditional republican. Very much pro FREE trade. Protectionism is a band aid, it always backfires. We're already in a globalized world, like it or not, better to accept the reality and compete within that reality. I know Hillary Clinton said she was also against TPP, but not many people believed her, including me. It is possible that trumpian economic policies might temporarily create some kind of BUBBLE positive reaction in the U.S. economy. I don't consider that a good long term solution. Link to comment Share on other sites More sharing options...
Redline Posted November 22, 2016 Share Posted November 22, 2016 China is going to reap billions, while the cost of tariffs will cost the average American more. The international corporations have already said they are not moving back. It's simply not plausible, and it's not going to happen. They will take the bet that Trump will only be there for 4 years. Link to comment Share on other sites More sharing options...
Andaman Al Posted November 22, 2016 Share Posted November 22, 2016 (edited) 3 hours ago, Opl said: Wonder if .....it does not work like this... to try to avoid conflic of interests concerns : - According to the Argentine press, Mr. Trump profited from a telephone exchange with President Mauricio Macri to ask for his help on a real estate project - something the Argentine president's spokesman vigorously denied. - In an interview published Monday by the Japanese newspaper Asahi Shimbun, Mr. Macri, who has long known Mr. Trump, said he was able to discuss at the same time with his eldest daughter, Ivanka, who is both a vice-president of the company created by her father and a member of her transition team, ( Ivanka Trump had already attended the reception of Japanese Prime Minister Shinzo Abe on 17 November.) Who is there for politics and diplomatics ? Who is there for business ? Who is the Trojan? Why does the info come from the foreign press? Why is US press coverage restricted ? Donald J. Trump ✔ @realDonaldTrump Prior to the election it was well known that I have interests in properties all over the world.Only the crooked media makes this a big deal! 03:14 - 22 Nov 2016 You have to admit Trumpeteer's this is wrong on so many counts. A President doing personal business during Diplomatic meetings with other heads of states! This man is going to make the Clintons look as clean as new fallen snow. Hang on tight America, you are being taken for a ride. And for your information Mr President Elect, the crooked media are not making this a big deal, this is what happens with conflict of interest. This is why you were asked if you would put your business in a blind trust and you said "yes". Edited November 22, 2016 by Andaman Al Link to comment Share on other sites More sharing options...
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