Posted on 01/24/2018 3:45:59 AM PST by DoodleDawg
One year after the United States pulled out of the Trans-Pacific Partnership, it’s clear Asia-Pacific nations have not been waiting around for the Trump administration to change its mind.
Just today, the 11 remaining TPP countries announced that they have reached a deal, which could be signed as early as March, without the U.S. A number of other regional and bilateral trade negotiations were concluded in 2017, including a landmark agreement between Japan and the EU. Several others were launched, with Australia, Canada, New Zealand and Singapore each starting talks with the four Latin American countries of the Pacific Alliance.
Show less As other countries negotiate greater market access, American companies are being left behind. Under the Japan-Europe agreement, for example, Japanese tariffs on European beef will be lowered from 38.5% to 9% over 15 years. That makes it harder and harder for U.S. beef exporters, who remain stuck with the 38.5% tariff, to compete. Multiply that impact across other products and trading partners.
The administration has made clear its preference for bilateral deals over larger regional deals like TPP. Yet other countries have not lined up to negotiate with the U.S. Why? They’re waiting to see how the U.S. renegotiations of NAFTA and the U.S.-Korea trade agreement play out.
What's next: Successful conclusions to NAFTA and KORUS deals may entice other countries to the negotiating table, helping place American exporters and their workers on equal footing with their global competitors. But if these renegotiations fail, other countries will continue to bypass the U.S., leading to mounting losses.
http://www.foxbusiness.com/markets/2018/01/22/davos-ceos-optimism-booms-on-trump-tax-cuts.html
The dogs bark
But the caravan moves on
Yeah, a 38.5% tariff is free trade when our trading “partners” place them on us, but the WTO restricts us from nearly all tariffs.
Those trade negotiations are going nowhere because they all go one way - against the US. Very few of those Asian nations have any intentions of buying anything from us, but want access to our markets.
Time to reign in our trade imbalance with China.
Remember, our trade imbalance was done by China, but the American businesses also helped.
THEY have been instrumental in building up China.
By selling the infrastructure to China. Don’t forget for a moment, there is an entire American infrastructure which is heavily invested in making things in China, and selling them in America.
That infrastructure, is NOT our friend. It is completely sold out.
But it is very big. I think it is time however, to bring manufacturing back to America.
There however may be a big brouhaha when that begins. Remember when you see various “American” interests yelling about what is happening.
They might just be making money, from the way it is set up right now.
Remember they are 100% sold out.
Funny, but that's not how it's actually working. The high Japanese tariff on frozen beef is being offset by higher sales of U.S. fresh and chilled beef.
Western Livestock Journal: November beef exports strong (1/23/2018)
Japan continued to be the pacesetter for U.S. beef exports in November, with volume increasing 5 percent year-over-year to 24,819 mt and value up 6 percent to $159.2 million. This pushed Japan’s 11-month totals to 285,336 mt (up 20 percent) valued at $1.75 billion (up 27 percent and a new post-BSE record). Chilled beef exports reached 137,707 mt through November, up 35 percent, valued at a record-high $1.02 billion, up 39 percent.AGWEB: Have U.S. Beef Exports To Japan Slowed After Tariff Increase? (1/5/2018)
So things aren't bleak at all while NAFTA and KORUS are being renegotiated.
Good for them. They all still very much want to get improved access to our markets. So deal with them one at a time.
One of the things I admire about Trump is his willingness to simply withdraw from a bad deal.
When you run a business and you have a bad deal, you either negotiate or withdraw if you can. You don't go broke. But we have had bad deals for a long time.
I hope they really weren't waiting for Trump to change his mind. When you see those videos he recorded years ago, it is clear he deeply resented stupid trade agreements.
Maybe we should simply withdraw from the WTO?
“Very few of those Asian nations have any intentions of buying anything from us, but want access to our markets.
Time to reign in our trade imbalance with China.”
America is by far the largest consuming nation. Last I checked Americans purchased about 29% of all goods and services purchased in the world. Other nations very badly want to deal with us because of the vastness of our markets.
I would trust Trump to get the best deal for us that he can get, even though it may not be all he would like. It is the very nature of negotiate and he understands it well.
I suggest reading Trump book, “The Art Of The Deal” for a clear understanding of how he thinks in this area.
TPP destroyed our laws and Consitution .
It let Corporate Globalists flood our countries with third world labor and there laws .It would wipe out white collar jobs to third world cheap labor .
It was a meant to destroy the USA .
Good riddance .
No more Sucker deals for the USA .
WpEnougg of sending our jobs and resources overseas and we get there surplus masses .
>
Remember, our trade imbalance was done by China, but the American businesses also helped.
THEY have been instrumental in building up China.
By selling the infrastructure to China. Don’t forget for a moment, there is an entire American infrastructure which is heavily invested in making things in China, and selling them in America.
That infrastructure, is NOT our friend. It is completely sold out.
But it is very big. I think it is time however, to bring manufacturing back to America.
There however may be a big brouhaha when that begins. Remember when you see various “American” interests yelling about what is happening.
They might just be making money, from the way it is set up right now.
Remember they are 100% sold out.
>
Sorry, but you can lay the blame DIRECTLY at the feet of (unconstitutional) Fedzilla.
(Once) Highest tax rate in the world, red tape for days, Fascism (picking winners/losers), unions, OSHA/EEOC/EPA/etc.
Biz, like people, have NO obligation; both will do what is in *their* best interests.
Feel differently, one is (still) free to make a go @ it themselves.
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