quote:

The news of the trade pact’s likely demise prompted disappointed reactions from some industry coalitions, which had hoped to access freer markets and a more level playing field with competitors overseas.

Among them were groups representing America’s farmers and ranchers. The TPP had promised to slash tariffs on U.S. agricultural goods in large markets such as Japan and Vietnam, as well as eliminate agricultural subsidies that gave competitors in the trade bloc an edge.

“We would have liked to get it done before the end of the year. The longer we delay, the more likely we lose market share in the Asia-Pacific since other countries are negotiating their own trade deals with nations in the region,” David Warner, the director of communications at the National Pork Producers Council, said in emailed comments. Warner said the TPP would exponentially increase pork exports, translating into more American jobs. “We certainly hope the TPP is not dead.”

Retailers had also largely thrown their support behind TPP, as it would have reduced tariffs on many goods that brands source from overseas. President Obama had even used Nike’s Oregon headquarters as backdrop for a speech defending his trade policy.

quote:

That remark from Sen. Charles E. Schumer (D-N.Y.), who is expected to be the incoming Senate minority leader, came as good news to the AFL-CIO Executive Council, which met Thursday in Washington. Schumer relayed statements that Republican congressional leaders had made to him, according to an aide who confirmed the remarks.

ate poo poo on live tv posted:

quote:

TPP in a nutshell
Twelve countries that border the Pacific Ocean signed up to the TPP in February 2016, representing roughly 40% of the world's economic output.
The pact aimed to deepen economic ties between these nations, slashing tariffs and fostering trade to boost growth. Members had also hoped to foster a closer relationship on economic policies and regulation.
The agreement was designed so that it could eventually create a new single market, something like that of the EU.
But all 12 nations needed to ratify it, before it could come into effect.
Once Donald Trump won last year's election, the writing was on the wall for the TPP.
US participation was the major linchpin for the deal. It may be possible for the other countries to forge a smaller scale pact in it's place, but it can't go ahead in its current form.
Those other member states are: Japan - the only country to have already ratified the pact - Malaysia, Vietnam, Singapore, Brunei, Australia, New Zealand, Canada, Mexico, Chile and Peru.

Third World Reggin posted:

Since I still hear people say what is TPP, yah you know me, here is some info from the BBC for you to read.

http://www.bbc.com/news/business-32498715

super sweet best pal posted:

https://twitter.com/SenJohnMcCain/status/823578273150013442

Chokes McGee posted:

"The full text---which runs to 30 chapters---can be read here."

I'm... starting to see why no one knew what was in it.

Prav posted:

a good rule of thumb is that secret laws are extremely bad

ate poo poo on live tv posted:

I mean the secrecy isn't the worst part, even though that is really bad. The worst part is that the supposed members of the government who were supposed to be the ones to work on it couldn't even read it. So if representatives of the people aren't able to read the law, then who the gently caress is writing it?

ate poo poo on live tv posted:

I mean the secrecy isn't the worst part, even though that is really bad. The worst part is that the supposed members of the government who were supposed to be the ones to work on it couldn't even read it. So if representatives of the people aren't able to read the law, then who the gently caress is writing it?