Quote:
Originally Posted by MrBaldBastard
USA is out of the trading deal, originally the trade off for the USA was to being able to better impose sanctions and slow the growth of China with the idea of helping out countries like Malaysia who also have cheap labour more reliant on trade with the USA than China, From Americas side it would of meant cheap stuff came from partner countries rather than China. ( Slowing their growth )
Because the USA left the deal most of the conditions it wanted have been removed, so as a trade deal, there's nothing to stop China joining it now. Same with the USA rejoining, but because they left the negotiating table they won't get half of what they wanted before if they decide to rejoin, deals being done now, Trumps only back tracking because the deals going ahead with out the USA and its American business that will directly lose, mainly through anything they trade with Japan.
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Trade balance USA. - 706 584 common trade deficit (it rise debt per year)
https://en.wikipedia.org/wiki/List_o...nited _States
https://en.wikipedia.org/wiki/Trans-Pacific_Partnership
Australia (+12,691)
Brunei ()
Canada (-11 240)
Chile (+4,142)
Japan (-68,938)
Malaysia (-24,820)
Mexico (-63,192)
New Zealand ()
Peru
Singapore (+9,067)
Vietnam (-31,958)
=
174 248 billions trade deficit with this agreement
EU (-146,340) billions trade deficit with another allys
China (-347,038) billions trade deficit
For the USA problem not only China but else TPP with Japan too. The USA has a problem with competitiveness, expensive labor, big business in offshores which use cheap labor in the world and not pay taxes.
Who owns America's debt? - May. 10, 2016