[All Hail Satan] The First Trump Effect: The TPP Is Dead

The ironic thing about TPP was that it was aimed at curtailing China's practices.

Look at what countries are involved... not china.

 

China has their own pact they're pushing that excludes the U.S.

Republicans who backed Obama on the pact will have to slither their agenda through other means

Let the good times roll.

 

I'll be honest. I don't really know that much about TPP. I think Warren and Sanders are both against it, so I doubt I would be in favor of it.

Is there anyone who can explain why the TPP is so bad?

 

I'm not terribly sad about the TPP, probably because it all seems pretty abstract anyway. It's a gambit to counter economic colonialism from China (with some of our own), so the failure I suppose may be a benefit to China. I can see, however, how it could cause some labor market disruption for us. Now, people who are employed in obsolete jobs get to keep them a bit longer. It's fine -- we've been pushing on globalization for decades. It's good for the economy but it's hard on people who get displaced. Maybe easing up on the gas pedal will reduce the pain of change at least.

 

Y'all not down with the TPP?

 

Bi-lateral trade deals make very little sense with so many countries rising up economically. The world has been moving towards trade blocs, as already been mentioned China is seeking a similar deal with other countries.

 

The devils the the details as always. If we don't pass it the those same countries may instead compromise with China and form a separate trans pacific pact. It's nothing personal but they have to look at after their interests.

 

I already admitted I hadn't paid much attention to the TPP. That's why I was asking about it. So yes it is exactly that.

So the problems with the TPP is that it isn't between just two nations but a group of them?

As for tariffs, what about the tariffs in the TPP are disadvantageous to the US?

 

I don't get the Satan tag, unless it has to do with Trump's likely impending death from obesity complications. Even then that's a bit of a stretch.

 

Yeah, blowing off a huge formalized relationship with Asian countries sounds like a great way to compete with China! Not.

China will gain power relative to the U.S. as a result of nixing TPP.

 

This. I understand why people cling to protectionism but a market of 330 million is much smaller than a market of 7 billion. The TPP certainly had pros and cons but I believe that not passing something similar to it, even a watered down version, will be regretted,

 

If the West would just stop exporting their jobs these countries would be wiped out in a flash.

@FranchiseBlade

TPP is about making a trading block in SE Asia. The US basically gets access to cheap labor costs while the Asian countries get lower tariffs to access the US. It's seen as a counter to China but, whether it's China or the TPP, it's still exporting American jobs overseas.

 

I see, so it's a way to use cheap labor markets in places that treat their workers like crap, because they can't do that in the U.S.

Yes, I'm definitely against the TPP then. People that I support like Warren and Sanders that are against it, didn't steer me wrong.

 

Convince the West to pay more for products. We both know the other 6 billion people not in the West won't be paying more for more expensive West made goods in masses until they catch up to the West. Again, you want us to drastically lower the number of customers we sell to.

It's not a zero sum game and you don't under economics on a global scale. Look at the 19th century and early 20th century at what mercantilism/protectionism achieved.

Jobs are like water, they take the path of least resistance. Think of the West being on a higher level than the developed world, those jobs just trickle down.

Countries like China who have increased their wages and standard of living are now losing jobs to poorer countries in SE Asia and Mexico (great geographic location and great free trade deals) along to automation.

 

Was Hillary in favor of TPP?

 

Before she was against it. She initially liked it, but came out against it. She explained that there were parts of it she was for, but that unless they got rid of the bad parts she wouldn't support it.

 

Pros and Cons of TPP: https://www.thebalance.com/what-is-the-trans-pacific-partnership-3305581

Protecting intellectual property is very important, with removing many tariffs on goods that the US exports, and leveling the field between state owned companies and private ones. . It would certainly take away more low skilled jobs in the US but robots and smarter AI is already doing that. It would no doubt favor more educated and high skilled jobs domestically over the opposite.

 

Cool, thank you. I'm going to check it out.

::edit::
So I checked it out. It sounds like the salary benefits in those nations go to those at the top of the pay scale and hurt the ones at the bottom. On the good side, our exports would go up.

That's not a price I'd like to play.