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PostPosted: Mon Nov 13, 2017 10:03 am 
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Joined: Tue Feb 28, 2012 11:01 pm
Posts: 16321 drank the TPP withdrawal kool-aid and now you're gonna reap what you have sowed...

CNBC - Trump bailed on a trade deal, and now a bunch of US businesses may suffer.

Not may suffer...will suffer. The TPP member nations will have lower tariffs on goods traded among them, and anybody not an agreement member will be paying tariffs, and in most cases high tariffs, on those same good. Trump and his asshole lackeys will try to pitch that the power of the American economy and the quality of American goods will force the TPP member nations to trade with this country. But so far the indication is that TPP members are not interested.

And more from Politico...

TPP withdrawal trade effects.

EAGLE GROVE, Iowa—On a cloud-swept landscape dotted with grain elevators, a meat producer called Prestage Farms is building a 700,000-square-foot processing plant. The gleaming new factory is both the great hope of Wright County, which voted by a 2-1 margin for Donald Trump, and the victim of one of Trump’s first policy moves, his decision to pull out of the Trans-Pacific Partnership.

For much of industrial America, the TPP was a suspect deal, the successor to the North American Free Trade Agreement, which some argue led to a massive offshoring of U.S. jobs to Mexico. But for the already struggling agricultural sector, the sprawling 12-nation TPP, covering 40 percent of the world’s economy, was a lifeline. It was a chance to erase punishing tariffs that restricted the United States—the onetime “breadbasket of the world”—from selling its meats, grains and dairy products to massive importers of foodstuffs such as Japan and Vietnam.


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