(January 22, 2017 at 11:32 am)Anomalocaris Wrote: TPP is a geopolitical initiative, not a trade initiative. Trade was the medium, not the end. Unless the US can rapidly replace TPP, trump just handed a huge geopolitical win to china.
Given the importance of the west pacific rim, If the TPP is not replaced, china will be able to leverage the dominant trade position in that area handed to it by trump to succeed the US world wide, and the US will never be able to reclaim its historic role as chief guarantor of liberal international commerce and trade after trump.
Exactly this.
This was possibly a win for large businesses, but unless it gets negotiated again, the other countries involved are going to have unprecedented negotiating power against the US. Prices at WalMart and Target are going to go up noticeably.
"There remain four irreducible objections to religious faith: that it wholly misrepresents the origins of man and the cosmos, that because of this original error it manages to combine the maximum servility with the maximum of solipsism, that it is both the result and the cause of dangerous sexual repression, and that it is ultimately grounded on wish-thinking." ~Christopher Hitchens, god is not Great
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