08-03-2017, 06:05 AM
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Too old to care
Industry Role:
Join Date: Jun 2001
Location: On the sofa, watching TV or doing my jigsaws.
Posts: 52,943
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Quote:
Originally Posted by MrBaldBastard
Then why did Trump cancel TTP with Australia?, the USA was sending and making more from Australia than it was from the USA. The trade imbalance was in America's favour!. It can't be renegotiated, deals have already been done. Same with NZ.
Not much happens now because companies are under contractual agreements, but as they expire trade deals are renegotiated with other countries namely China costing the USA billions of dollars a month. And worst of all, it puts two more of America's allies on Chinas payroll.
Stupid fucking move day one by Trump in a Redneck Kneejerk reaction, that ultimately FUCKS AMERICA IN THE ASS, everyone else will get along fine.
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Was TPP only with Australia and NZ?
Quote:
The Trans-Pacific Partnership (TPP), or the Trans Pacific Partnership Agreement (TPPA), is a trade agreement between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States (until 23 January 2017) and Vietnam.
The TPP began as an expansion of the Trans-Pacific Strategic Economic Partnership Agreement signed by Brunei, Chile, New Zealand, and Singapore in 2005. Beginning in 2008, additional countries joined the discussion for a broader agreement: Australia, Canada, Japan, Malaysia, Mexico, Peru, the United States, and Vietnam, bringing the total number of countries participating in the negotiations to twelve.
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If the total of all those countries leaves the US with a deficit it was a bad move to cancel it. |
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