TPP Will Not Go Quietly

2016 the promise was to pull out of the TPP because it was NO GOOD for the country and NAFTA would be re-negotiated….promises by then candidate Donny Trump…..

So far NAFTA remains in its original form and the US has pulled out of the TPP in 2017…..but wait there is more news on the TPP front…….

President Donald Trump has asked trade officials to explore the possibility of the United States rejoining negotiations on the Pacific Rim agreement after he pulled out last year as part of his “America first” agenda, the AP reports. Farm-state lawmakers said Thursday after a White House meeting with Trump that he had given that assignment to his trade representative, Robert Lighthizer, and his new chief economic adviser, Larry Kudlow. The Trans-Pacific Partnership would open more overseas markets for American farmers. “I’m sure there are lots of particulars that they’d want to negotiate, but the president multiple times reaffirmed in general to all of us and looked right at Larry Kudlow and said, ‘Larry, go get it done,'” said Sen. Ben Sasse. Eleven countries signed the agreement last month.

Trump’s rejection of the deal has rattled allies and raised questions at home about whether protectionism will impede US economic growth. Kansas Sen. Pat Roberts, the chairman of the Senate Agriculture, Nutrition and Forestry Committee, said he was “very impressed” that Trump had assigned Kudlow and Lighthizer “the task to see if we couldn’t take another look at TPP. And that certainly would be good news all throughout farm country.” The discussions came during a meeting in which Trump told farm-state governors and lawmakers that he was pressing China to treat the American agriculture industry fairly. Midwest farmers fear becoming caught up in a trade war as Beijing threatens to impose tariffs on soybeans and other US crops, a big blow to Midwestern farmers, many of whom are strong Trump supporters.

Is the possibility of re-joining TPP a by-product of the new tariffs that the president thinks will make America Great Again?

Advertisements

10 thoughts on “TPP Will Not Go Quietly

  1. I don’t really see any coherent economic policy. However, the dollar and stock market are holding up well, so perhaps ‘no policy’ is the best policy? 🙂
    Best wishes, Pete.

    1. These wild swings in the markets is not something I like….I have divested myself for now…..there is no policy you are right on that account….chuq

      1. I use to play with penny stocks (cheap undervalued stocks) my pension was not all that and would not cover my bills so I tried something new….chuq

      2. Wild swings are how the Financial Powers That Be make their money. It allows those “inside the loop” the chance to buy even lower and sell even higher. Meanwhile, ordinary folk either miss out, or wind up buying higher and selling lower.

        Nobody gets super-rich off a stable, properly functioning, stock market. Dividends are just too boring. (Even for robots, who are doing more & more of the trading.)

      3. Yeah. ..in particular the execs who get thousands of free stocks every year and just happen to be the ones ordering those buy-backs. Pure coincidence, I’m sure!

        They get them for zero. For accounting purposes (& for Deferred Stock Units etc) I believe they’re valued at current market value when issued. Then the next day, the company uses millions in profit to drive their free stock even higher with buy-backs. No new factories, jobs, or anything that would contribute to a healthy economy, or even the long term value of the company.

        The execs also don’t have to worry about shareholders who are unhappy with the job they’re doing. If the stock price goes up, nobody in the entire system gives a FUCK how bad you actually are at your job. If the Captain of the Titanic ordered a buy-back after plowing into the iceberg, he’d have died a billionaire.

        Short term thinking that’s good for almost nobody. The Financial Industry in a nutshell.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s