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Trans Pacific Trade Pact

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toyomotor View Drop Down
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    Posted: 13 Apr 2018 at 18:45
Donald Trump, having reneged on years of negotiations and withdrawn the USA from the Trans Pacific Trade Partnership, is now said to be reviewing his decision and thinking about rejoining the agreement, providing he gets a better deal for America.

One question begs an answer, do the other members want the USA back in the agreement-probably not.

Of course the other thing is that Trump may not be able to negotiate a better deal for the USA, he having no over-riding vote, if allowed to join.

Just another erratic decision by a man who doesn't understand what he's doing, and doesn't care.


Edited by toyomotor - 14 Apr 2018 at 02:05
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Vanuatu View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Vanuatu Quote  Post ReplyReply Direct Link To This Post Posted: 17 Apr 2018 at 21:40
Originally posted by toyomotor toyomotor wrote:

Donald Trump, having reneged on years of negotiations and withdrawn the USA from the Trans Pacific Trade Partnership, is now said to be reviewing his decision and thinking about rejoining the agreement, providing he gets a better deal for America.

One question begs an answer, do the other members want the USA back in the agreement-probably not.

Of course the other thing is that Trump may not be able to negotiate a better deal for the USA, he having no over-riding vote, if allowed to join.

Just another erratic decision by a man who doesn't understand what he's doing, and doesn't care.

Well, Australia's Prime Minister wants the US! 
Trump doesn't want the multi lateral trade, US has been undercut by non reciprocal trade for 50 years.
US has a 25 million dollar surplus in trade with Australia, not so with other partners. Looking at the agreement and getting more opportunities for bi lateral trade does not sound like news, no was reporting Trump wanting to take a look at the agreement bc it resulted in trade deficits in most cases. The reporting was Evil US President doesn't care if he hurts trade.Evil Smile
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Post Options Post Options   Thanks (0) Thanks(0)   Quote franciscosan Quote  Post ReplyReply Direct Link To This Post Posted: 17 Apr 2018 at 22:18
From my understanding, the trade deficit a la Donald, only counts goods, not services, including financial services which usually also counted in trade.  Statistics don't lie, but liars use statistics.  Trade is not as lopsided as President Trump pretends it to be.  The US is a big exporter of high quality goods.  Now if we could only get the Chinese from stealing intellectual property.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Vanuatu Quote  Post ReplyReply Direct Link To This Post Posted: 17 Apr 2018 at 22:30
The Orange One, is not alone in dissent about trade deficits, many people have been beating this drum for years. 

Don't you think the US work force needs an education? Third World needs our light assembly work.


As anyone who has studied modern international economics—to be wonky, the Heckschire-Olin model of comparative advantage—knows, free trade will deliver its manifest benefits only if exports are about as much as imports and full employment is reasonably maintained.

The bilateral agreement with the United States that facilitated  China’s entry into the WTO in 2001 was supposed to sweep away barriers to U.S. exports to the Middle Kingdom. Instead, our bilateral trade deficit with the Middle Kingdom has soared to $320 billion. Our problems with trade are replicated with other nations and bring our global trade gap to $500 billion.

Defenders of free trade tell us the benefits outweigh the costs, and we simply need to compensate the unemployed in Hickory, Reading and points west along the sorry path of degraded communities.  

The numbers don’t add up.


The root of all desires is the one desire: to come home, to be at peace. -Jean Klein
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Post Options Post Options   Thanks (0) Thanks(0)   Quote franciscosan Quote  Post ReplyReply Direct Link To This Post Posted: 17 Apr 2018 at 23:03
So you are arguing that the economic theory of a Swede who was a leading member of the People's Party, and who died in 1965, is what we should pay attention to???  Again, the model for you and Trump seem to be that tangible goods count, but intangibles (which granted, are harder to calculate and pin down), don't count.  Of course Donald Trump is not alone in his dissent, he is a demagogue and that depends on getting out in front of a crowd, and declaring himself their champion.  Not alone is not the same thing as being right.  The physician's Hippocratic oath says, do no harm.  Donald Trump, however, is a bully, and is easy on America's enemies, and hard on America's friends.  One thing about him always wanting to get a better deal for US, it is always about him.  It is not about a deal, it is about him making himself appear indispensable.  He wants the American people to be junkies, going to him for a fix, figuratively speaking.  But in a literal fashion, he claims to be the answer to the opiate problem, not that he has done much besides saying he can solve it.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Vanuatu Quote  Post ReplyReply Direct Link To This Post Posted: 18 Apr 2018 at 02:53
Originally posted by franciscosan franciscosan wrote:

So you are arguing that the economic theory of a Swede who was a leading member of the People's Party, and who died in 1965, is what we should pay attention to???  Again, the model for you and Trump seem to be that tangible goods count, but intangibles (which granted, are harder to calculate and pin down), don't count.  Of course Donald Trump is not alone in his dissent, he is a demagogue and that depends on getting out in front of a crowd, and declaring himself their champion.  Not alone is not the same thing as being right.  The physician's Hippocratic oath says, do no harm.  Donald Trump, however, is a bully, and is easy on America's enemies, and hard on America's friends.  One thing about him always wanting to get a better deal for US, it is always about him.  It is not about a deal, it is about him making himself appear indispensable.  He wants the American people to be junkies, going to him for a fix, figuratively speaking.  But in a literal fashion, he claims to be the answer to the opiate problem, not that he has done much besides saying he can solve it.

What does the fact that he is Swede have to do with anything? Did you remove your PC hat and put on your armband? China ain't the Third World, the lowest tech lowest capitol jobs should go to South America and Mexico fer love of pete. 
It's dissent yes and since when can't we have it? You discount ANTIFA LUNATIC FRINGE now you object to established business men instead of foreign bureaucrats looking at how US dollars are being spent. 
Stop with the syndrome your hyperventilating over showmanship but Obama wagged his finger back at the US from all over the world, I see that was your preference.
How is he easy on America's enemies? He's claiming to put a massive effort into things, not like that lazy bastard Obama.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote toyomotor Quote  Post ReplyReply Direct Link To This Post Posted: 18 Apr 2018 at 10:00
Forget about it folks. POTUS has said today that he won't take any steps to re-enter the TPTA.

BUT, that could change again tomorrow.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Vanuatu Quote  Post ReplyReply Direct Link To This Post Posted: 19 Apr 2018 at 05:09
Originally posted by toyomotor toyomotor wrote:

Forget about it folks. POTUS has said today that he won't take any steps to re-enter the TPTA.

BUT, that could change again tomorrow.

It might change if the deal were better for US. Your PM knows that the US is critical to trans pacific trade, this probably isn't over as you say toyomotor. I suspect there will be a better offer.
The root of all desires is the one desire: to come home, to be at peace. -Jean Klein
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