TPP failure would cost the US trade dominance

[bobsm]

Top Trump-Backing Senator Declares the Trans Pacific Partnership ‘Dead’
By Will Bredderman • 11/08/16 11:20pm

Alabama Sen. Jeff Sessions asserted tonight that a massive trade pact backed by both Congressional GOP leaders and President Barack Obama has no longer has a shot of passing—whether in the post-election “lame duck” session this fall, or any time next year.

Speaking to the Observer at Donald Trump’s election night party, Sessions argued the opposition of both presidential candidates to the Trans Pacific Partnership has precluded its passage. The TPP would eliminate an array of barriers to commerce between the United States, Australia, Japan, Vietnam, Chile and a host of other Pacific Rim countries.

“I think the TPP is dead, and there will be blood all over the floor if somebody tries to move that through the Congress any time soon,” Sessions said. “Both candidates opposed it, Hillary Clinton and Donald Trump.”

Trump has been a constant critic of free trade, but also manufactures most of his own branded product lines in foreign countries. Clinton supported and helped coordinate the TPP as secretary of state, but opposed it as a candidate—under pressure from her populist primary rival, Vermont Sen. Bernie Sanders.

Sessions is one of a handful of Republicans to join Democrats and organized labor in opposing the accord. After a bitter fight, Congress granted the president Fast Track Authority to unilaterally negotiate the deal last year, meaning the House of Representatives and Senate would only be able to vote in favor or against it—without changing its content.

The president had signaled he hoped to get Congress to vote on TPP

Most of New York’s congressional delegation, Republicans and Democrats alike, has come out against the deal. The biggest exception is Queens Congressman Gregory Meeks, a Clinton and Obama ally, who was a founding member of the “Friends of the TPP Caucus” in the House.

http://observer.com/2016/11/top-trump-backing-senator-declares-the-trans-pacific-partnership-dead/[/b][/b]

 

[cochine]

I can imagine @kecho , @Viva_Viet @Viet crying and totally butt hurt,

Free-Trade Deal Like TPP 'Absolutely' Possible

Under Trump - US Senator © REUTERS/ Jonathan Ernst

CLEVELAND (Sputnik), Leandra Bernstein — On Sunday, Trump campaign manager Paul Manafort told reporters that the 2016 Republican Party policy doctrine recognize the "distinct impact" of the Trump campaign in calling for trade on a bilateral, not multilateral basis.

© AFP 2016/ DOMINICK REUTER Ted Cruz Booed Off Convention Stage After Refusing to Endorse Trump Early in the presidential campaign, Trump also proposed imposing heavy tariffs on US trade partners China and Mexico.

"What [Trump] wants is fair trade, it’s what I want," Perdue said on Wednesday. Asked if Trump would support a deal like the TPP, Perdue affirmed, "Absolutely."


On the campaign trail, Trump has been critical of the TPP, and argued that past multilateral trade deals have been poorly negotiated and hurt US workers.

"All I hear Donald Trump saying is we want a level playing field," Perdue said. "He is not anti-trade at all. I know Donald, and I know what he wants." Perdue is a pro-trade senator who approved giving President Barack Obama the authority to conclude the 12-nation TPP trade deal, which would create the world’s largest global free-trade zone.

Read more: https://sputniknews.com/politics/201607211043376578-tpp-deal-trump/

 

[grey boy 2]

Politics

06:27 21.07.2016Get short URL

Read more: https://sputniknews.com/politics/201607211043376578-tpp-deal-trump/

 

[52051]

US dont have any dominance left anyway.

 

[TaiShang]

US dont have any dominance left anyway.

That's the issue, really. They talk big and bossy, as if they are the almighty of the good post Cold War decade.

What if China started talking about punishing the US regime right and left; up and down; back and forth?

@kecho , you are working hard, yet, developments on the ground all go against you, my friend. Prior you used to say the TPP is saved because Hillary was sure to win. Now Hillary is as dead as the TPP, now, you seem to tie your faith on the blonde hair strings of Mr. Trump?

Find another savior, my friend.

 

[lonelyman]

That's the issue, really. They talk big and bossy, as if they are the almighty of the good post Cold War decade.

What if China started talking about punishing the US regime right and left; up and down; back and forth?

@kecho , you are working hard, yet, developments on the ground all go against you, my little friend. Prior you used to say the TPP is saved because Hillary was sure to win. Now Hillary is as dead as the TPP, now, you seem to tie your faith on the blonde hair strings of Mr. Trump?

Find another savior, my friend.

He is a viet, flipping and telling lies, what can u expect. America is bankrupt, borrowing money to fight stupid wars everywhere, just a matter of time east Asia will be dominated by China returning to normal.

 

[AViet]

Not many Vietnamese are like him and i believe most Chinese can behave quite well and reasonable.

 

[GS Zhou]

Not many Vietnamese are like him and i believe most Chinese can behave quite well and reasonable.

yes, lets show polite and respect to each other.

 

[AndrewJin]

The big international winner from Donald Trump’s victory in the US election is likely to be Chinese President Xi Jinping.

If Mr Trump follows through on his rhetoric, his win will require massive rethinking on Australia’s position in the world, as the US, our core ally, starts to retreat strategically and economically.

While Mr Trump publicly admires Vladimir Putin, it is the Russian leader’s increasingly close ally Mr Xi who stands to gain most.

Hillary Clinton was the architect of the US’s “pivot to Asia”. That strategy now appears dead in the water — under Mr Trump’s campaign positions.

The US-led, 12-nation Trans-Pacific Partnership, in which Australia is a major participant, also looks doomed.

Mrs Clinton opposed the treaty during the campaign but might have been susceptible to another U-turn — which seems inconceivable for Mr Trump.

The plunging sharemarket indices around Asia yesterday underlined the fears of countries, and especially businesses, about their continent’s fate under a Trump presidency.

Exports comprise about 25 per cent of Asia’s gross domestic product, and 20 per cent — the biggest single amount — has been bought by Americans.

Australia would suffer serious damage from any trade war since its three biggest foreign markets — China, Japan and South Korea — would be greatly affected.

Because Chinese-assembled products often emerge from production chains including inputs from its neighbours, any barriers against China would hurt the whole region.

South Koreans are especially anxious about the fate of their free-trade agreement with the US, which Mr Trump condemned as costing 100,000 American jobs.

Filipinos are concerned about the threat to clamp down on foreign workers in the US, since 35 per cent of all Filipinos working overseas are in America, providing valuable remittance incomes.

Mr Trump has vowed to “punish American companies that outsource jobs abroad” — causing particular anxiety in India, which has attracted much of that work.

The way appears to be opening for Mr Xi to emerge — using the rhetoric he honed during his recent chairmanship in Hangzhou of the G20 — as the new leader of the troubled international thrust towards economic globalisation.

Mr Trump has said he would withdraw 54,000 US military personnel from Japan and a further 28,500 from South Korea unless those countries contributed more to their costs.

Japan pays about $5.25 billion a year towards the cost of the US bases, and South Korea about $1.15bn towards the US presence there, the latter about 40 per cent of the total cost.

A US withdrawal would enable China to dominate East Asia in a way no country has done since Japan 75 years ago, and would require a massive shift in Japanese and South Korean strategic thinking.

Mr Trump also said the US would be “better off” if Japan and South Korea had nuclear weapons — matching those of China and North Korea.

“You always have to be prepared to walk … It could be that Japan will have to defend itself against North Korea,” he said.

Admiral Harry Harris, head of the US Pacific Command, would need to battle to keep his position under a Trump presidency, having advocated forcefully for US naval tests to Chinese hegemony over the South China Sea.

Yuichi Hosoya, an international politics professor at Keio University in Japan, told TheWall Street Journal: “By pulling away from the region militarily, the US would lose political influence in the Asia-Pacific, and experience crushing economic losses.

“Trump is trying to do what China has constantly desired for the past five years. China wants the US to pull away from the region as much as possible to create a regional order that maximises China’s profit and security.”

Philippine President Rodrigo Duterte has already conceded to Beijing on the South China Sea issue, despite Manila having won its case at an international UN Convention on the Law of the Sea arbitration hearing.

His bigger-picture shift towards Beijing’s influence may now be followed by others in the region who have been waiting on the US election result, with Malaysian Prime Minister Najib Razak and the military rulers of Thailand foremost among them. Indonesian President Joko Widodo is among those who have sought to maintain strong relations with the US and China but may now be weighing other options.

The anxiety in Asia about the Trump presidency is heightened by uncertainty about his foreign affairs advisers, about whom little is known.

The figure who has emerged as a likely key player is Peter Navarro, 67, a professor of economics and public policy at the University of California who wrote a controversial book, The Coming China Wars, in 2006 and made the 2011 documentary Death by China.

http://www.theaustralian.com.au/in-...g/news-story/b6816fe7b70ce2108b35933b608827d8

@Shotgunner51 @TaiShang @long_ @cirr @Dungeness @Götterdämmerung @Lure @AViet @onebyone @grey boy 2 @terranMarine @Jlaw @rott @Two et al

 

[randomradio]

I don't know how Trump will help China with his policies. He wants to put import restrictions on Chinese goods and arm S Korea and Japan with nukes if he stays true to his campaign policies.

He can't damage the outsourcing industry in India. Many Presidents have tried and failed because the business solely replies on human capital in the service industry. Instead Trump will start investing more in India.

Trump also has financial interests in India.
http://www.moneycontrol.com/news/world-news/why-trump-is-populara-lotpeopleindiachina_7861241.html

"Trump has five ongoing deals in India with a gross development value of about $1.5 billion" with "more projects likely to be launched in 2017."

Trump didn't become a billionaire by making stupid decisions. Everybody has to remember that.

 

[AndrewJin]

I don't know how Trump will help China with his policies. He wants to put import restrictions on Chinese goods and arm S Korea and Japan with nukes if he stays true to his campaign policies.

He can't damage the outsourcing industry in India. Many Presidents have tried and failed because the business solely replies on human capital in the service industry. Instead Trump will start investing more in India.

Trump also has financial interests in India.
http://www.moneycontrol.com/news/world-news/why-trump-is-populara-lotpeopleindiachina_7861241.html


Trump didn't become a billionaire by making stupid decisions. Everybody has to remember that.

You can replace the word “india" in your comment with many countries.

Trump Tower is full of Chinese companies' american headquarters such as China's big banks.

He wants to put import restrictions on Chinese goods and arm S Korea and Japan with nukes if he stays true to his campaign policies.

He has said many countries.
He also claimed he wanted Apple and many manufacturing back and at the same time RSSers are cheering up.
Do these people have the slightest ideas of industrial chain and global business?

I suggest you read the article again, it is talking about geopolitics as opposed to some superficial points.

 

[Nilgiri]

Too early to say anyone is likely to be a winner yet internationally.

The liberal tears are still fresh and hot....give it a year or so and return to this topic.

 

[GS Zhou]

@AndrewJin the election doesn't matter that much to us. The only thing we need to do is to concentrate on our own agenda.

 

[AndrewJin]

@AndrewJin the election doesn't matter that much to us. The only thing we need to do is to concentrate on our own agenda.

The emerging Trumped populist power unveils the official start of the collapse of a war-mongering regime.
This is a significant sign of paradigm shift in geopolitics.

 

[艹艹艹]

I don't know how Trump will help China with his policies. He wants to put import restrictions on Chinese goods and arm S Korea and Japan with nukes if he stays true to his campaign policies.

He can't damage the outsourcing industry in India. Many Presidents have tried and failed because the business solely replies on human capital in the service industry. Instead Trump will start investing more in India.

Trump also has financial interests in India.
http://www.moneycontrol.com/news/world-news/why-trump-is-populara-lotpeopleindiachina_7861241.html


Trump didn't become a billionaire by making stupid decisions. Everybody has to remember that.

Chinese has started The"one Belt one Road"layout, and the ongoing domestic industrial upgrading.
Is India ready yet?