Tuesday, January 31, 2017

Trans Pacific Partnership (3)

I wrote about the Trans Pacific Partnership (TPP) on August 1 and October 5 of 2015. These are my TPP3 thoughts and comments: ..................................................................................................... There are economists who said the TPP is a good thing for the joining nation members, while others said no, it is good only to the global investors and corporations, but not to the domestic workers and common people. ....................................................................................................... Since Donald Trump became the U.S. President, he has signed a presidential memorandum to withdraw from the TPP. Without the U.S., can the TPP still go ahead and get rectified by the rest of joining nations? What is the value or usefulness of a TPP without the U.S.? Would it survive or even work ? ........................................................................................................ Looks like China continues to promote global free trade, while the U.S. under the Trump administration now goes backward for protectionism. Trump's withdrawal from the TPP is creating an economic and geopolitical vacuum which would be filled by China, making China's rise even faster and economically more powerful, especially in Asia Pacific. ...................................................................................................... Trump said he is not against free trade. He is against unfair trade. My interpretation is this: as along as America is winning, free trade is fair. If America is losing, then free trade becomes unfair. Winning is fair, losing is unfair. Can we call that the Trump Doctrine?

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