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What Is The Tpp Trade Agreement

of the TPP of 23 January 2017. [71] U.S. Senator John McCain criticized the withdrawal, saying, „It will send a troubling signal of U.S. withdrawal in the Asia-Pacific region at a time when we can least afford it.“ [72] U.S. Senator Bernie Sanders welcomed the decision, saying, „Over the past 30 years, we have had a number of trade agreements … which have cost us millions of decently paid jobs and created a „race to the bottom“ that has lowered the wages of American workers. [73] Trans-Pacific Partnership: An Expanded Trade Agreement Made Public The original TPP was adopted by some to bring China`s neighbors closer to the United States and reduce their dependence on Chinese trade. [166] [167] [23] [24] [25] [184] [185] [26] [186] [187] If the TPP were ratified, it would have strengthened U.S. influence over future rules of the global economy.

U.S. Defense Secretary Ash Carter said the adoption of the TPP was as valuable to the U.S. as the creation of another aircraft carrier. [23] President Obama argued, „If we don`t pass this agreement — if America doesn`t write these rules — then countries like China will.“ [188] According to the Congressional Research Service, „Many Asian politicians, right-wing or not, might interpret a failure of the TPP in the United States as a symbol of the decline in U.S. interest in the region and the inability to maintain its leadership. The failure to conclude the TPP could indeed allow China to shape regional trade and diplomacy rules through its own trade and investment initiatives, potentially creating regional rules and standards that are less beneficial to US interests. [21] Michael J. Green and Matthew P.


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