Tuesday, August 08, 2017

So Much Losing On Trade

Donald Trump promised that we'd all be sick of winning at this point. Instead, there are an awful lot of people in the business world that are sick of losing.

The agricultural sector of our country saw TPP (the Trans Pacific Trade Partnership) as a lifeline. But now...

The decision to pull out of the trade deal has become a double hit on places like Eagle Grove. The promised bump of $10 billion in agricultural output over 15 years, based on estimates by the U.S. International Trade Commission, won’t materialize. But Trump’s decision to withdraw from the pact also cleared the way for rival exporters such as Australia, New Zealand and the European Union to negotiate even lower tariffs with importing nations, creating potentially greater competitive advantages over U.S. exports.

What Trump essentially did by pulling out of TPP was fuck over a whole sector of our economy. Worse, he has left other sectors wondering exactly WTF is going on with trade.

America’s steelworkers are on edge as they wait for Mr. Trump to fulfill his promise to place tariffs on steel imports. Home builders are desperate for the president to cut a deal with Canada to end a dispute over its softwood lumber exports. And cattle ranchers are longing for a bilateral pact with Japan to ease the flow of beef exports.

Where is all the winning, Mr. President?

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