Donald Trump says he will issue an executive action on his first day in office to withdraw from the Trans-Pacific Partnership.
In a video updating Americans on the White House transition, the President-elect described TPP as a "potential disaster for our country".
[...] Mr Trump said his administration instead intends to generate "fair, bilateral trade deals that bring jobs and industry back onto American shores".
Sky Correspondent Greg Milam said: "Donald Trump has been very critical of what trade deals have done for American workers and the damage that the North American Free Trade Agreement (NAFTA) did in the 1990s - particularly to low-income workers in the Midwest, who it turns out voted for Mr Trump in huge numbers."
Source: Sky News
(Score: 1, Insightful) by Anonymous Coward on Wednesday November 23 2016, @01:54AM
> We care less about exports, than we do about imports, because the imports are what cost us - the American home makers and heads of households - the most.
Huh?
Then you should want them to be as cheap as possible.
Your arguments are irrational because you are trying to backfit a rationalization into your preconceptions. Your position does not follow from your logic, your logic follows from your position. If you aren't willing to acknowledge that there is significant complexity, and a serious potential for backfire, then at least be willing to admit you just don't care.
(Score: 3, Insightful) by Runaway1956 on Wednesday November 23 2016, @06:07AM
No, it is you who is incapable of understanding a rational line of thought. Included above is the likelihood that the higher priced item is going to be produced by people within my own local economy. Higher prices, in a healthy economy, beats hell out of the low prices in an unhealthy economy.
But, I don't expect most Americans to understand that today. In school, do they still teach the concept of "quality"? Do they teach anything at all about the economy?