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Trade deals- excluding US
While Trump is on the rampage about trade deals, the rest of the world is moving on.
Whether you were in favor or not, TPP was much more than a trade deal. It would have denied access from China, these countries would have been a counterweight to the behemoth, China.
It would also open up newer markets to US trade and building Military alliances.
Ditching TPP when it could have been tweaked will cause the US long term harm and they will be squeezed out of Asia as China steps in with trade and cash.
Now the EU and Japan announce a new deal which will make US exports to the EU more expensive.
Trumps protectionist beliefs will cause the US long term
https://www.washingtonpost.com/news...top-table-main_japantrade-950a:homepage/story
https://www.rand.org/blog/2017/03/strategic-consequences-of-us-withdrawal-from-tpp.html
Trump protectionism will cause long term harm(economically -Militarily) to the US
Yes-why
No -Why
Other- pls explain
While Trump is on the rampage about trade deals, the rest of the world is moving on.
Whether you were in favor or not, TPP was much more than a trade deal. It would have denied access from China, these countries would have been a counterweight to the behemoth, China.
It would also open up newer markets to US trade and building Military alliances.
Ditching TPP when it could have been tweaked will cause the US long term harm and they will be squeezed out of Asia as China steps in with trade and cash.
Now the EU and Japan announce a new deal which will make US exports to the EU more expensive.
Trumps protectionist beliefs will cause the US long term
https://www.washingtonpost.com/news...top-table-main_japantrade-950a:homepage/story
The pact would be a heavy blow to American producers of these goods, by making U.S.-made goods relatively more expensive and less competitive in the major markets of Japan and Europe.
https://www.rand.org/blog/2017/03/strategic-consequences-of-us-withdrawal-from-tpp.html
The TPP is a regional trade agreement involving the U.S. and 11 other Asian-Pacific countries that together comprise 40 percent of the world's economic output. The TPP's economic objectives included liberalization of trade in Asia, market reforms, and strengthened trade rules to support America's competitive industries and accord with the modern realities of digital commerce.
But the TPP also aimed to further the country's strategic interests in at least in three ways. First, U.S. leaders and strategists saw it as a way to strengthen the country's leadership in Asia by complementing its diplomatic and military power. Second, the TPP served as part of a broader effort to shore up an international order premised on market economics and liberal values. Third, the pact aimed to strengthen key partners; most notably Japan and Vietnam, by spurring badly needed domestic economic reforms and boosting growth.
The TPP thus served as an important component of the rebalance to Asia initiative. It also informed the U.S. approach to a rising China. By strengthening its leadership, bolstering its alliances and partnerships, and revitalizing an international order, Washington hoped to provide China strong incentives to integrate into and support a U.S.-led order.
America's withdrawal from the TPP in January 2017 marks a major blow to these ambitions.
Trump protectionism will cause long term harm(economically -Militarily) to the US
Yes-why
No -Why
Other- pls explain