11 countries will move forward with a huge trade deal -- without the US

[left-of-center2012]

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.

Withdrawing from the TPP fulfilled a campaign pledge for Trump, who had called the agreement a "disaster" and argued that it would harm American workers and manufacturing.

https://www.cnn.com/2018/12/29/politics/tpp-trade-trump/index.html

[dhill926]

1. more winning....

holy hell....

[brush]

2. More job losses, farm bankruptcies and business closings coming.

Repugs usually enact policies that favor the rich which spark depressions.

This time trump did that and added stupid stuff too so this one should be a real lulu.

[Wellstone ruled]

3. And the level of BK's

will accelerate as a result. You can only leverage just so much and then Ka-Boom the Foreclosure paper work hits.

[Jim Lane]

4. Hillary Clinton AND Bernie Sanders opposed the final version of the TPP.

With any proposal as far-reaching as this one, you can identify winners and losers. If the U.S. were part of the TPP, then there would be no difficulty in pointing out the disadvantages of being in, as opposed to the disadvantages of being out that are now easier to see.