Trump pulled out of a [TPP} massive trade deal. Now 11 countries are going ahead without the US

[riversedge]

a lot of winning here!! NOT




By Katie Lobosco, CNN

Updated 9:07 PM ET, Sat December 29, 2018



tpp tpa trans pacific partnership explainer origwx js_00002027

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New York (CNN)A major 11-country agreement goes into effect Sunday, reshaping trade rules among economic powerhouses like Japan, Canada, Mexico and Australia — but the United States won't be a part of it



That means that Welch's grape juice, Tyson's pork and California almonds will remain subject to tariffs in Japan, for example, while competitors' products from countries participating in the new Comprehensive and Progressive Agreement for Trans-Pacific Partnership will eventually be duty-free.




Japan will offer similar tariff relief to the European Union, in a separate trade deal set to go into effect on February 1.


"Our competitors in Australia and Canada will now benefit from those provisions, as US farmers watch helplessly," said US Wheat Associates President Vince Peterson at a hearing on the potential negotiations with Japan.


It's the opposite of what the Obama administration planned when it began negotiating the Trans-Pacific Partnership, known as TPP. The proposed deal, which never passed Congress, formed the backbone of the US strategy to counter Chinese economic influence, but it was one of the first things President Donald Trump moved to undo when he took office, pulling the United States out of the deal in January of 2017.

Instead, he's pursued a series of direct bilateral agreements, launching a trade war with escalating tariffs on $250 billion in Chinese goods to force Beijing to the negotiating table. The strategy has led to a new round of talks between Trump and his counterpart Xi Jinping — but leaves US producers out of broader regional arrangements with other Pacific Rim nations, for now. ........................................

[Botany]

1. And how many wheat farmers and members of the US wheat association voted for Trump?

The man has been bankrupt like 7 times, his businesses failed, he was propped up
by Russian money and phony TV show, and was sued or sued other people something
like 5,000 times.

But still many of the "salt of the earth" farmers voted for him because they had to stop
Hillary's "liberal agenda." Fuck 'em.

[Hoyt]

2. Sadly, eVen some Democrats are for this move.

[Hekate]

3. As I predicted, the world is going to move along WITHOUT AMERICA. On the TPP, Climate, and...

...much else where we used to be leaders and where we used to be the indispensible nation.

Barack Obama may turn out to be the last president where we held that unquestioned status, because once lost it is going to be hell to regain.

And for what? So the worst of this nation could appease their hate and fear, while Putin unwinds Western democracies?