From Nikkei News:
Soon after President Donald Trump was sworn in, his administration announced the U.S. withdrawal from the Trans-Pacific Partnership, a trade pact championed by former President Barack Obama and Japanese Prime Minister Shinzo Abe.
The White House on Friday also wasted no time in declaring a renegotiation of the North Atlantic Free Trade Agreement, or NAFTA. Trump is expected to take a more isolationist, protectionist stance, and the international community is concerned that the U.S. will continue to draw inward.
Trump was sworn in as the 45th president of the U.S. on Friday, repeating his campaign pledges of putting American interests first and restoring national glory to a deeply polarized public.So who are the 11 nations that wanted a TPP with the USA?
Only Japan has ratified it.
The other 10 are Australia, Brunei, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam.
Don't we already have free trade agreements with everyone except Vietnam? And with Vietnam we have a Trade and Investment Framework Agreement -- and a $19.6 billion annual trade deficit. Vietnam exports 48 times what they import from the USA.
Why do we need another free trade pact with these nations?
What is in it for us?
Is the plan to bleed us dry?
Enough is enough. We give. They take. Screw them.
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