Trump pulls U.S. out of Pacific trade deal, loosening Asia ties - GoFuckYourself.com

brassmonkey · 01-23-2017, 06:15 PM

U.S. President Donald Trump formally withdrew the United States from the Trans-Pacific Partnership trade deal on Monday, distancing America from its Asian allies, as China's influence in the region rises.

Fulfilling a campaign pledge to end American involvement in the 2015 pact, Trump signed an executive order in the Oval Office pulling the United States out of the 12-nation TPP.

Trump, who wants to boost U.S. manufacturing, said he would seek one-on-one trade deals with countries that would allow the United States to quickly terminate them in 30 days "if somebody misbehaves."

"We're going to stop the ridiculous trade deals that have taken everybody out of our country and taken companies out of our country," the Republican president said as he met with union leaders in the White House's Roosevelt Room.

The TPP accord, backed heavily by U.S. business, was negotiated by former Democratic President Barack Obama's administration but never approved by Congress.

Obama had framed TPP, which excluded China, as an effort to write Asia's trade rules before Beijing could, establishing U.S. economic leadership in the region as part of his "pivot to Asia."

China has proposed a Free Trade Area of the Asia Pacific and has also championed the Southeast Asian-backed Regional Comprehensive Economic Partnership.

Trump has sparked worries in Japan and elsewhere in the Asia-Pacific with his opposition to the TPP and his campaign demands for U.S. allies to pay more for their security.

His trade stance mirrors a growing feeling among Americans that international trade deals have hurt the U.S. job market. Republicans have long held the view that free trade is a must, but that mood has been changing.

"It's going to be very difficult to fight that fight," said Lanhee Chen, a Hoover Institution fellow who was domestic policy adviser to 2012 Republican presidential nominee Mitt Romney. "Trump is reflecting a trend that has been apparent for many years."

Harry Kazianis, director of defense studies at the Center for the National Interest think tank in Washington, said Trump must now find an alternative way to reassure allies in Asia.

"This could include multiple bilateral trade agreements. Japan, Taiwan and Vietnam should be approached first as they are key to any new Asia strategy that President Trump will enact," he said.

Trump is also working to renegotiate the North American Free Trade Agreement to provide more favorable terms to the United States, telling reporters he would meet leaders of NAFTA partners Mexico and Canada to get the process started.

BUSINESS LEADERS

The new president met with a dozen American manufacturers at the White House on Monday, pledging to slash regulations and cut corporate taxes - but warning them he would take action on trade deals he felt were unfair.

Trump, who took office on Friday, has promised to bring factories back to the United States - an issue he said helped him win the Nov. 8 election. He has not hesitated to call out by name companies he thinks should bring outsourced production back home.

He said those businesses that choose to move plants outside the country would pay a price. "We are going to be imposing a very major border tax on the product when it comes in," Trump said.

He asked the group of chief executives from companies including Ford Motor Co, Dell Technologies Inc, Tesla Motors Inc and others to make recommendations in 30 days to stimulate manufacturing, Dow Chemical Co Chief Executive Officer Andrew Liveris told reporters.

Liveris said the CEOs discussed the border tax "quite a bit" with Trump, explaining "the sorts of industry that might be helped or hurt by that."

"Look: I would take the president at his word here. He's not going to do anything to harm competitiveness," Liveris said. "He's going to actually make us all more competitive."

At part of the meeting observed by reporters, Trump provided no details on how the border tax would work.

The U.S. dollar fell to a seven-week low against a basket of other major world currencies on Monday, and global stock markets were shaky amid investor concerns about Trump's protectionist rhetoric.

"A company that wants to fire all of its people in the United States, and build some factory someplace else, and then thinks that that product is going to just flow across the border into the United States - that's not going to happen," he said.

CUT TAXES AND REGULATIONS

The president told the CEOs he would like to cut corporate taxes to the 15 percent to 20 percent range, down from current statutory levels of 35 percent - a pledge that will require cooperation from the Republican-led U.S. Congress.

But he said business leaders have told him that reducing regulations is even more important.

"We think we can cut regulations by 75 percent. Maybe more," Trump told business leaders.

"When you want to expand your plant, or when Mark wants to come in and build a big massive plant, or when Dell wants to come in and do something monstrous and special - you're going to have your approvals really fast," Trump said, referring to Mark Fields, CEO of Ford.

Fields said he was encouraged by the tone of the meeting.

"I know I come out with a lot of confidence that the president is very, very serious on making sure that the United States economy is going to be strong and have policies - tax, regulatory or trade - to drive that," he said.

Trump told the executives that companies were welcome to negotiate with governors to move production between states.

article...

crockett · 01-23-2017, 06:45 PM

TPP was a long term deal before the US would see an advantage. The problem is it would have bleed a lot of jobs and to make it be viable the US govt would have to invest heavily in retraining programs for those who lost jobs.

The end goal was to force China to be held accountable for IP rights and forcing them to be an equal trade partner and end the theft & counterfeiting. The problem is we all know the US govt wouldn't spend heavily on job retraining as the govt didn't do it for NAFTA and it would of taken 10+ years to see results in our favor..(but even then it would only be a gain for big business)

With that considered I didn't like TPP. It was just going to further fuck the middle class because we know our govt wouldn't do what was needed to protect the MC, but was just worried about the end goal of protecting IP rights for big business.

I have no issue with Trump doing this, but it's still a wait and see on how he deals with China..

mineistaken · 01-23-2017, 06:47 PM

tpp was toast either way, as far as reports claimed

Coup · 01-23-2017, 06:48 PM

At this pace Trump will be out of things to do to Make America Great Again before his second term even starts.

mineistaken · 01-23-2017, 06:48 PM

here is the video of signing:
https://gfy.com/fucking-around-and-pr...eror-boss.html

mineistaken · 01-23-2017, 06:49 PM

Quote:

Originally Posted by Coup

At this pace Trump will be out of things to do to Make America Great Again before his second term even starts.

Indeed. Yet libbies will continue to be blind.

JohnnyClips - BANNED FOR LIFE · 01-23-2017, 07:13 PM

TPP was HORRIBLE for americans, great for globalists

Good job Trump

Bladewire · 01-23-2017, 08:25 PM

Quote:

Originally Posted by Coup

At this pace Trump will be out of things to do to Make America Great Again before his second term even starts.

Mexico was a part of TPP, today they said they'll sign with China, they have a similar deal that all TPP members are moving to.

Now China gets all the Asian & South American trade deals and we're cut out of those regions, as China's new agreement stipulates no side deals.

#ThanksDonald

Barry-xlovecam · 01-23-2017, 08:29 PM

This is a major trade victory for China who was NOT included in the TPP.

Malcolm Turnbull opens door to China to join TPP after Donald Trump pulls out | The Australian

Thanks Trump ...

brassmonkey · 01-23-2017, 08:33 PM

let someone else deal with that useless toxic trash they make.

Quote:

Originally Posted by Barry-xlovecam

This is a major trade victory for China who was NOT included in the TPP.

Malcolm Turnbull opens door to China to join TPP after Donald Trump pulls out | The Australian

Thanks Trump ...

Paul Markham · 01-24-2017, 02:21 AM

There's no such thing as a "Free Trade Deal" with countries that have workers on 10% or less of a Western Workers. It will always cost Western Countries a lot of money.

I'm amazed that so many here are for these deals.

Goethe · 01-24-2017, 02:41 AM

I wonder what will happen when they try to pass the massive hike in manufacturing costs onto the consumer?

pimpmaster9000 · 01-24-2017, 02:54 AM

the 1st law of trump: my action will have no negative opposite reaction because I did not think this through or anything else
the 2nd law of trump: having a 2nd law would entail thinking about shit, but trump does not so there is no 2nd law

Barry-xlovecam · 01-24-2017, 07:50 AM

The USA COULD exist without any imports or exports.

How the USA standard of living would change is an unknown.

The USA would no longer bleed dollars to the rest of the world nor enjoy any benefit gained in the global marketplace.

US Americans may not end up poorer but the rest of the world may. Or, maybe the rest of the world would form new markets and do OK -- who knows ... Want to roll the dice?

NewNick · 01-24-2017, 09:32 AM

Quote:

Originally Posted by Barry-xlovecam

The USA COULD exist without any imports or exports.

How the USA standard of living would change is an unknown.

The USA would no longer bleed dollars to the rest of the world nor enjoy any benefit gained in the global marketplace.

US Americans may not end up poorer but the rest of the world may. Or, maybe the rest of the world would form new markets and do OK -- who knows ... Want to roll the dice?

The only real examples of closed economies such as this have all, without fail, resulted in stagnant decaying and declining societies where extreme policing of the population is required to maintain social order.

Soviet Russia.
Cuba.
North Korea.
China pre relaxing of Communism and introduction of market forces.

The US (as do all western economies) owe their success to competition and international trade. Whether it is the free flow of ideas and capital, the vast markets for export, or the low cost goods for consumers, competition and trade is the life blood of the west.

If the US closes up into some kind of Trump Republic you will definitely solve your migration issues. In fact I would envisage the Trump SS needing to restrict foreign travel to stop you all escaping.

This is what the good people of Soviet Russia were able to buy if they could afford it (and had got through the 10 year waiting list)

Jigster715 · 01-24-2017, 09:37 AM

Quote:

Originally Posted by brassmonkey

let someone else deal with that useless toxic trash they make.

- China has 2 export grades for their products.

1. Japan - and much of their products still are covered in dust here. Only ones buying their crap are poor people and foreigners who don't know any better. Fuck, even millions of Chinese come here to buy things they don't trust to get at home. I don't blame them at all.

2. Suckers

Paul Markham · 01-24-2017, 09:39 AM

Quote:

Originally Posted by Goethe

I wonder what will happen when they try to pass the massive hike in manufacturing costs onto the consumer?

I wonder what would happen as millions get jobs, 1,000s of companies sprung up in the US and 1,000s closed in China? Boosting taxes from many avenues and lowering the Government's need to fund so many relying on welfare?

Of course, the people who only think ME, ME. Will bitch that they're sharing with others.

Paul Markham · 01-24-2017, 09:41 AM

Quote:

Originally Posted by Barry-xlovecam

The USA COULD exist without any imports or exports.

How the USA standard of living would change is an unknown.

The USA would no longer bleed dollars to the rest of the world nor enjoy any benefit gained in the global marketplace.

US Americans may not end up poorer but the rest of the world may. Or, maybe the rest of the world would form new markets and do OK -- who knows ... Want to roll the dice?

The West could exist much better by only importing exporting among itself. The rest of the markets aren't worth much. Besides buying raw materials from.

It also ensures competition among equal partners, which New Nick points out.

Paul Markham · 01-24-2017, 09:52 AM

The decline of the West's production/manufacturing base is not over. That fact seems to escape so many pro cheap imports. China and others have a long way to go still.

Look at any industry and consider its need to keep employing Westerners. Most certainly not Financial Services, Manufacturing and a lot of business services.

Lose those and it's game over. We are already losing them, so do you want to lose more or stop the decline?

01-23-2017, 06:15 PM	#1
brassmonkey Pay It Forward Industry Role: Join Date: Sep 2005 Location: Yo Mama House Posts: 76,897	Trump pulls U.S. out of Pacific trade deal, loosening Asia ties U.S. President Donald Trump formally withdrew the United States from the Trans-Pacific Partnership trade deal on Monday, distancing America from its Asian allies, as China's influence in the region rises. Fulfilling a campaign pledge to end American involvement in the 2015 pact, Trump signed an executive order in the Oval Office pulling the United States out of the 12-nation TPP. Trump, who wants to boost U.S. manufacturing, said he would seek one-on-one trade deals with countries that would allow the United States to quickly terminate them in 30 days "if somebody misbehaves." "We're going to stop the ridiculous trade deals that have taken everybody out of our country and taken companies out of our country," the Republican president said as he met with union leaders in the White House's Roosevelt Room. The TPP accord, backed heavily by U.S. business, was negotiated by former Democratic President Barack Obama's administration but never approved by Congress. Obama had framed TPP, which excluded China, as an effort to write Asia's trade rules before Beijing could, establishing U.S. economic leadership in the region as part of his "pivot to Asia." China has proposed a Free Trade Area of the Asia Pacific and has also championed the Southeast Asian-backed Regional Comprehensive Economic Partnership. Trump has sparked worries in Japan and elsewhere in the Asia-Pacific with his opposition to the TPP and his campaign demands for U.S. allies to pay more for their security. His trade stance mirrors a growing feeling among Americans that international trade deals have hurt the U.S. job market. Republicans have long held the view that free trade is a must, but that mood has been changing. "It's going to be very difficult to fight that fight," said Lanhee Chen, a Hoover Institution fellow who was domestic policy adviser to 2012 Republican presidential nominee Mitt Romney. "Trump is reflecting a trend that has been apparent for many years." Harry Kazianis, director of defense studies at the Center for the National Interest think tank in Washington, said Trump must now find an alternative way to reassure allies in Asia. "This could include multiple bilateral trade agreements. Japan, Taiwan and Vietnam should be approached first as they are key to any new Asia strategy that President Trump will enact," he said. Trump is also working to renegotiate the North American Free Trade Agreement to provide more favorable terms to the United States, telling reporters he would meet leaders of NAFTA partners Mexico and Canada to get the process started. BUSINESS LEADERS The new president met with a dozen American manufacturers at the White House on Monday, pledging to slash regulations and cut corporate taxes - but warning them he would take action on trade deals he felt were unfair. Trump, who took office on Friday, has promised to bring factories back to the United States - an issue he said helped him win the Nov. 8 election. He has not hesitated to call out by name companies he thinks should bring outsourced production back home. He said those businesses that choose to move plants outside the country would pay a price. "We are going to be imposing a very major border tax on the product when it comes in," Trump said. He asked the group of chief executives from companies including Ford Motor Co, Dell Technologies Inc, Tesla Motors Inc and others to make recommendations in 30 days to stimulate manufacturing, Dow Chemical Co Chief Executive Officer Andrew Liveris told reporters. Liveris said the CEOs discussed the border tax "quite a bit" with Trump, explaining "the sorts of industry that might be helped or hurt by that." "Look: I would take the president at his word here. He's not going to do anything to harm competitiveness," Liveris said. "He's going to actually make us all more competitive." At part of the meeting observed by reporters, Trump provided no details on how the border tax would work. The U.S. dollar fell to a seven-week low against a basket of other major world currencies on Monday, and global stock markets were shaky amid investor concerns about Trump's protectionist rhetoric. "A company that wants to fire all of its people in the United States, and build some factory someplace else, and then thinks that that product is going to just flow across the border into the United States - that's not going to happen," he said. CUT TAXES AND REGULATIONS The president told the CEOs he would like to cut corporate taxes to the 15 percent to 20 percent range, down from current statutory levels of 35 percent - a pledge that will require cooperation from the Republican-led U.S. Congress. But he said business leaders have told him that reducing regulations is even more important. "We think we can cut regulations by 75 percent. Maybe more," Trump told business leaders. "When you want to expand your plant, or when Mark wants to come in and build a big massive plant, or when Dell wants to come in and do something monstrous and special - you're going to have your approvals really fast," Trump said, referring to Mark Fields, CEO of Ford. Fields said he was encouraged by the tone of the meeting. "I know I come out with a lot of confidence that the president is very, very serious on making sure that the United States economy is going to be strong and have policies - tax, regulatory or trade - to drive that," he said. Trump told the executives that companies were welcome to negotiate with governors to move production between states. article... __________________ TRUMP 2025 KEKAW!!! - Support The Laken Riley Act!!! END DACA - SUPPORT AZ HCR 2060 52R - email: brassballz-at-techie.com

01-24-2017, 02:21 AM	#11
Paul Markham Too old to care Industry Role: Join Date: Jun 2001 Location: On the sofa, watching TV or doing my jigsaws. Posts: 52,943	There's no such thing as a "Free Trade Deal" with countries that have workers on 10% or less of a Western Workers. It will always cost Western Countries a lot of money. I'm amazed that so many here are for these deals. __________________ Blowout deal. 880 videos, 2,400 image sets, plus many RAW videos. $500. PM me for a deal. Skype Paulmarkham70

01-24-2017, 02:54 AM	#13
pimpmaster9000 Too lazy to set a custom title Industry Role: Join Date: Dec 2011 Posts: 26,732	the 1st law of trump: my action will have no negative opposite reaction because I did not think this through or anything else the 2nd law of trump: having a 2nd law would entail thinking about shit, but trump does not so there is no 2nd law __________________ Report a suspicious cracker: Click Here

01-24-2017, 09:52 AM	#19
Paul Markham Too old to care Industry Role: Join Date: Jun 2001 Location: On the sofa, watching TV or doing my jigsaws. Posts: 52,943	The decline of the West's production/manufacturing base is not over. That fact seems to escape so many pro cheap imports. China and others have a long way to go still. Look at any industry and consider its need to keep employing Westerners. Most certainly not Financial Services, Manufacturing and a lot of business services. Lose those and it's game over. We are already losing them, so do you want to lose more or stop the decline? __________________ Blowout deal. 880 videos, 2,400 image sets, plus many RAW videos. $500. PM me for a deal. Skype Paulmarkham70

01-23-2017, 06:45 PM	#2
crockett in a van by the river Industry Role: Join Date: May 2003 Posts: 76,806	TPP was a long term deal before the US would see an advantage. The problem is it would have bleed a lot of jobs and to make it be viable the US govt would have to invest heavily in retraining programs for those who lost jobs. The end goal was to force China to be held accountable for IP rights and forcing them to be an equal trade partner and end the theft & counterfeiting. The problem is we all know the US govt wouldn't spend heavily on job retraining as the govt didn't do it for NAFTA and it would of taken 10+ years to see results in our favor..(but even then it would only be a gain for big business) With that considered I didn't like TPP. It was just going to further fuck the middle class because we know our govt wouldn't do what was needed to protect the MC, but was just worried about the end goal of protecting IP rights for big business. I have no issue with Trump doing this, but it's still a wait and see on how he deals with China..

01-23-2017, 06:47 PM	#3
mineistaken See signature :) Industry Role: Join Date: Apr 2007 Location: ICQ 363 097 773 Posts: 29,656	tpp was toast either way, as far as reports claimed

01-23-2017, 06:48 PM	#4
Coup 🚨 PBBC International 🚨 Industry Role: Join Date: Apr 2010 Location: /👁\ Posts: 9,932	At this pace Trump will be out of things to do to Make America Great Again before his second term even starts.

01-23-2017, 07:13 PM	#7
JohnnyClips - BANNED FOR LIFE Trump! Industry Role: Join Date: Feb 2011 Location: Rent free in Bladewire's head Posts: 6,442	TPP was HORRIBLE for americans, great for globalists Good job Trump

01-23-2017, 08:29 PM	#9
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	This is a major trade victory for China who was NOT included in the TPP. Malcolm Turnbull opens door to China to join TPP after Donald Trump pulls out \| The Australian Thanks Trump ...

01-24-2017, 02:41 AM	#12
Goethe So Fuckin' Bored Industry Role: Join Date: Nov 2014 Location: Across the Universe Posts: 1,085	I wonder what will happen when they try to pass the massive hike in manufacturing costs onto the consumer?

01-24-2017, 07:50 AM	#14
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	The USA COULD exist without any imports or exports. How the USA standard of living would change is an unknown. The USA would no longer bleed dollars to the rest of the world nor enjoy any benefit gained in the global marketplace. US Americans may not end up poorer but the rest of the world may. Or, maybe the rest of the world would form new markets and do OK -- who knows ... Want to roll the dice?