Wednesday, November 11, 2015

The Fourth Debate is Over and Trump was Correct on TPP Question

GOP presidential debate that had Senator Rand Paul chiding Donald Trump for his anti-TPP stance. Trump made mention that it was a “terrible deal” that would cost American jobs and that once again China would “sneak in through the back door.” Senator Paul was correct Chins isn't part of the TPP deal but Trump did not say it was. What  Mr. Trump said, in so much as how the agreement will hurt American jobs and benefit China, is right on those far more important points.
Take this quote from an earlier Globe & Mail report on the subject:
“…many TPP countries already have free-trade agreements with China. Even the United States is negotiating a bilateral investment treaty with China…In the shorter run, China is likely to seek to fast-track its own favoured free-trade accord – the Regional Comprehensive Economic Partnership (RCEP), which comprises the 10 ASEAN (Association of Southeast Asian Nations) countries plus China, South Korea, Japan, India, Australia and New Zealand. This 16-country bloc would be a larger grouping than the TPP and include the world’s two most populous countries, China and India.”
What the above outlines is the very thing Donald Trump said – China is once again outsmarting us and sneaking in through the back door. It should also be noted that TPP rules include strict environmental regulations – primarily for the United States and other more developed nations. China wanted nothing to do with such economically prohibitive rules and so has, and continues to make trade agreements of its own accord which includes getting a bilateral agreement with the United States.
It appeared no-one on that stage last night was aware of the above facts, and yet, the media is already spinning how Senator Paul “fact-checked” Donald Trump. Mr. Trump never said China was part of the TPP. What he did say is that China will take advantage of that agreement which stifles American job creation while likely further increasing already lopsided trade imbalances between this nation and others. Source

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