Author Topic: Donald Trump confirms he will WITHDRAW the US from Trans-Pacific Partnership  (Read 1102 times)

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Online mystery-ak

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WATCH: Donald Trump confirms he will WITHDRAW the US from Trans-Pacific Partnership

PRESIDENT-elect Donald Trump has confirmed he will take the first steps to bring the US out of the Trans-Pacific Partnership (TPP) when he takes over the presidency in January.

By Will Kirby

PUBLISHED: 00:02, Tue, Nov 22, 2016 | UPDATED: 01:53, Tue, Nov 22, 2016

rump released a video explaining what he plans to deliver during his first few weeks in office and confirmed that leaving the TPP is high on the agenda.

The President-elect reiterated his campaign message to "make America great again", saying: "my agenda will be based on a simple core principle: putting America first."

He vowed to generate "fair, bilateral trade deals that bring jobs and industry back onto American shores.

"Whether it's producing steel, building cars or curing disease, I want the next generation of production and innovation to happen right here on our great homeland, America," he said.

With regard to the TPP, he told viewers: "I am going to issue a notification of intent to withdraw from the Trans-Pacific Partnership", describing it as "a potential disaster for our country."

The deal was signed on February 4, 2016, and took seven years to develop.

more w/video
http://www.express.co.uk/news/world/734873/Donald-Trump-withdraw-Trans-Pacific-Partnership-trade-Japan-President-Shinzo-Abe
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Offline libertybele

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Ok ... I plead ignorance on this one. He can issue an intent to withdraw from the TPP, but haven't agreements already been signed??  What would be the consequences of the U.S. withdrawing?  Doesn't he have to have Senate approval to withdraw??
Romans 12:16-21

Live in harmony with one another; do not be haughty, but associate with the lowly, do not claim to be wiser than you are.  Do not repay anyone evil for evil, but take thought for what is noble in the sight of all.  If it is possible, so far as it depends on you, live peaceably with all…do not be overcome by evil, but overcome evil with good.

Offline truth_seeker

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Wiki:

United States[edit]

See also: Fast track (trade)

Most international agreements in the United States are approved using Trade Promotion Authority (also called fast track) authorization, in which the US congress is required to hold a yes/no vote on any agreements without modification. The US passed a law agreeing to this fast-track procedure in 2015.

The terms of the TPA stipulate that when a deal is formally submitted to Congress, they must act within 90 legislative days. According to Politico, many expect Congress to vote on the bill either during the Summer of 2016 or in the lame-duck session after the 2016 elections.[47] However, in August 2016, Senate Majority Leader Mitch McConnell (R-KY) stated that the vote will not occur that year but added, "It will still be around. It can be massaged, changed, worked on during the next administration."[48]

United States' ratification of the Trans-Pacific Partnership trade deal does not seem likely following the United States' Presidential Election of 2016. President-Elect Donald Trump has vowed to withdraw from the Trans-Pacific Partnership once in office.[49] According to the President-Elect, Trans-Pacific Partnership would cost American workers their jobs by "[undermining] our economy...[and undermining] our independence".[50] Since the 2016 Election also led to a Republican majority in Congress, it has been reported that "Republicans have little incentive to bring the TPP to a vote, since Mr. Trump could easily threaten to unravel the deal when he takes office and block its implementation, as well as punish lawmakers who vote for it".[51] Congress. Senator Mitch McConnell, Republican of Kentucky and the majority leader, said flat-out 'no'" when asked if the Trans-Pacific Partnership trade deal "would be considered in the [current] lame-duck Congress".[52]
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Offline jmyrlefuller

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Ok ... I plead ignorance on this one. He can issue an intent to withdraw from the TPP, but haven't agreements already been signed??  What would be the consequences of the U.S. withdrawing?  Doesn't he have to have Senate approval to withdraw??
I don't think the Senate ever ratified the treaty.
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Offline American Faith Today

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We'll see.  He says a lot of things.  Though this may be one thing he actually does.

I wouldn't put it past him to try to negotiate a "biglier" deal than TPP though.

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A joint east Asia free-trade agreement will exist regardless of whether it be led by the US or not.

All this does is cede control over the agreement to China-controlled Regional Comprehensive Economic Partnership.  An agreement that specifically *EXCLUDES* the US.

In other words, he's willingly shutting us out of the most dynamic and growing economy region of the world. 

And should, at a later date, America want to finally get in on the game... we will then have to accede to *CHINA'S* rules, not ours (TPP).

China is laughing all the way to the bank with this folly.

https://en.wikipedia.org/wiki/Regional_Comprehensive_Economic_Partnership
« Last Edit: November 22, 2016, 04:35:32 am by HonestJohn »

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Day One of Trump Presidency: Withdraw From the TPP

(CNSNews.com) – President-elect Donald Trump said Monday that on his first day in office next January he will begin the process of withdrawing from the Trans-Pacific Partnership (TPP), a prospective trade deal which has been a centerpiece of the Obama administration’s “rebalance” to Asia, but which Trump while campaigning called “horrible.”

Trump said in an online video message on priorities for his first 100 days that he has asked his transition team “to develop a list of executive actions we can take on day one, to restore our laws and bring back our jobs. It’s about time.”
 

Source URL: http://cnsnews.com/news/article/patrick-goodenough/day-one-trump-presidency-withdraw-tpp

Offline libertybele

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We'll see.  He says a lot of things.  Though this may be one thing he actually does.

I wouldn't put it past him to try to negotiate a "biglier" deal than TPP though.

Exactly.  ..."“Instead, we will negotiate fair, bilateral trade deals that bring jobs and industry back onto American shores.”

Trump characterized the move a part of a plan to advance the simple core principle of “putting American first.”

“Whether it’s producing steel, building cars, or curing disease, I want the next generation of production and innovation to happen right here, on our great homeland, America – creating wealth and jobs for American workers,” he said.
« Last Edit: November 22, 2016, 01:10:45 pm by libertybele »
Romans 12:16-21

Live in harmony with one another; do not be haughty, but associate with the lowly, do not claim to be wiser than you are.  Do not repay anyone evil for evil, but take thought for what is noble in the sight of all.  If it is possible, so far as it depends on you, live peaceably with all…do not be overcome by evil, but overcome evil with good.