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US President Donald Trump during his inauguration speech last week

CNBC reports:

US President Donald Trump on Monday signed an executive order that will put in motion the renegotiation of the North America Free Trade Agreement (NAFTA).

President Trump is also expected to sign an executive order announcing his intention to withdraw from the Trans-Pacific Partnership (TPP), a trade agreement among 11 other Pacific Rim countries.

He will simultaneously move to commence trade negotiations with the parties of TPP individually. This means the Trump administration will seek one-on-one deals with the other countries involved in TPP, though Mexico and Canada already have a trade deal with the US through NAFTA.

The team expected to lead the negotiations include Wilbur Ross, Trump’s pick for secretary of Commerce and head of the newly formed White House Trade Council, long-time China critic Peter Navarro, and US Trade Representative Robert Lighthizer.

Trump to sign executive order to renegotiate NAFTA and intent to leave TPP (CNBC)

Pic: New York Times

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17 thoughts on “In Fairness

    1. rotide

      I doubt we’ll be hearing about that from Bodger. He’s literally trumps target audience when it comes to the media.

  1. Daddy

    US will plummet into recession within six months and will become an insular economy propped up by Government protectionism.

    So basically, a Socialist state.

    1. ReproBertie

      He’s dismantling TTP which means we won’t have to microchip our children. This in turn means the lizards won’t be able to keep track of how they are fattening up for pizza parties.

      1. Neil is a gum

        Bullcrap

        EU and BRICS will now align on trade grinding you Wall Street liberals into the dirt where you belong

  2. DubLoony

    I don’t think he understands how modern manufacture works.
    His only dealing are in real estate and clothing imported from China.

    This is an outline of where all the parts of an iPhone is made. TTIP allowed Asian countries to do business with each other as well as the states. Could well be that they stick with it among themselves. They have a combined population of 4.5 billion that is rapidly becoming middle class vs 320 million in USA that has an idiot for a leader right now.
    https://www.lifewire.com/where-is-the-iphone-made-1999503

    1. Kieran NYC

      When did it become generally accepted that free trade was a bad thing? I must have missed that memo.

      The fringe left of PBP in Ireland are at it as well

      1. 15p

        its not free trade.. they use that name in a trojan horse way.. basically it will strip rights from workers, and give big corps ability to successfully sue governments if they impede their profit making with their own laws, for their own countries.. amongst many other reasons, it’s very bad for everyone except big corp bosses.

    1. rotide

      Merely taking the example of the iphone above, the materials that make it up have to be imported so domestic will end up being more expensive again.

  3. jimmy russell

    only idiot alt right morons will say it’s hypocritical to support one of the biggest steps forward in hard capitalist globalism just because drumpf is opposing it, especially since the anti-capitalists and socialists who were out in force occupying wall st and marching every may 1st make up the bulk of anti-trump protestors.

  4. Deluded

    Smart* move.
    I mean, TPP has been negotiated so the US has seen all their cards.
    Now they can target them individually, drive hard bargains.

    *Savage really. “The Law of the Jungle Air-Conditioned Citadel”.

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