Trump Backs Out of TPP, Giving Leverage to China in the Region

[ffr]

President Trump signed a memo this morning to leave the Trans-Pacific Partnership or the TPP. This act was one of the expected moves from the new president and the move left Japan and South Korea bracing for change. The lack of a deal will mean new negotiations over trade and defense costs. This is the first in a series of acts that Trump has designed to protect US investments and workers.
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In addition, the White House also issues a statement saying they would be renegotiating the North American Free Trade Agreement (NAFTA) that dates back to 1994. Japan was spinning this morning and has tried to schedule meetings with Trump to stress the important of the TPP. “A protectionist approach, such as quitting the Trans-Pacific Partnership (TPP) and renegotiating the North American Free Trade Agreement (NAFTA), will have a significant negative impact on the world economy,” said Akio Mimura, chairman of the Japan Chamber of Commerce and Industry, in a written statement on Saturday.

After the news, the dollar has weakened after the inauguration address and as the TPP news sweeps across media outlets. Many analysts are seeing the dollar tangled in trade wars and uncertainty... - Equities.com

[BlueCaliDem]

1. Something President Obama foresaw and tried to prevent with the TPP. Too bad too many Americans

listened to nationalists and isolationists disguised as Progressive. The TPP was too complicated for most to understand (including yours truly) but I set my trust in the one president who actually gives a damn about the American worker, worker's right, and the right to form unions without being murdered.

Now it's all gone.

Putin is smiling. His boy is delivering. And we can 'enjoy' global economic turmoil for the foreseeable future.

[msongs]

2. obama could have posted the whole thing on the internet but he chose to keep it a secret from us nt

[charlyvi]

3. He didn't keep it a secret.

I heard him say many times in press conferences that the TPP was a crucial tool in keeping China in check.

[BlueCaliDem]

4. He *had* posted it on the government site - when it was done.

I'm surprised you don't know this.