TPP – goodbye and good riddance

TrumpsignsEODonald Trump’s pen was awfully busy the first week of his presidency – signing one executive order after another. (And it doesn’t look like it will be slowing down any time soon!) This was an excellent one ➡ President Trump signs order to withdraw from Trans-Pacific Partnership ~

President Trump began recasting America’s role in the global economy Monday(Jan.23rd), canceling an agreement for a sweeping trade deal with Asia that he once called a “potential disaster.”

 
According to Conservative Review, the TPP represented the largest trade agreement in world history, regulating about 40 percent of the global economy. It was similar to the European Union agreement in that it would have empowered an un-elected commission to regulate trade between 12 member nations; an erosion of U.S. sovereignty.
 
Furthermore, Americans were strongly opposed to the deal ~

A poll by Pat Caddell commissioned by Americans for Limited Government found that after being told what was in the agreement, Republicans opposed it 66 percent to 15 percent, Democrats oppose it 44 percent to 30 percent and Independents oppose it 52 percent to 19 percent.

 

Why tie our own hands? (Look at the complications Britain has been running into trying to extricate itself from the EU.) We’re well rid of this ill-conceived agreement.

Trump signed the executive order formally ending the United States’ participation in the Trans-Pacific Partnership in the Oval Office after discussing American manufacturing with business leaders in the Roosevelt Room. The order was largely symbolic — the deal was already essentially dead in Congress — but served to signal that Trump’s tough talk on trade during the campaign will carry over to his new administration.
 

“What we want is fair trade,” Trump said during his meeting with executives. “And we’re gonna treat countries fairly, but they have to treat us fairly.”

 

Sounds like a plan. Just don’t impose any trade restrictions that will force the American consumer to pay for the consequences.

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