In order to install TPP----TRUMP has to end NAFTA since those trade agreements are revised in these new TPP agreements. So, Trump is NOT saving AMERICAN workers----he is not ending NAFTA for MADE IN AMERICA manufacturing----he is ending NAFTA to install Trans Pacific Trade Pact.
This is also why US IMPORT EXPORT BANK funding is no longer needed. The TRANSITION TAX being paid to overseas foreign corporations coming to US CITIES DEEMED FOREIGN ECONOMIC ZONES is simply the last HURRAH of US IMPORT EXPORT BANK funding. Since there will be no more US citizens or anymore US businesses wanting funding for growing global markets-----with the end of US SOVEREIGNTY----this is a one time send off for the IMPORT EXPORT BANK funding TRANSITION of global corporations to US.
NO MORE PATRONAGE FOR THOSE 5% PLAYERS ALLOWING TO PRETEND TO BE MERCHANTS OF VENICE EITHER.
'The deal is planned to eliminate 98% of tariffs in a marketplace worth close to $14tn'.
The 99% of WE THE PEOPLE never wanted an IMPORT EXPORT BANK---we never needed the FREE TRADE NEO-LIBERAL global market policies around TARIFFS. We created a strong, small and regional business economy with corporate growth and profit all last century because of anti-monopoly, corporate regulation, and strong corporate taxation.
All Congressional pols today----captured Republican Party and captured Democratic Party are MOVING FORWARD the installation of TPP even as they PRETEND to do a US tax reform as if tied to our 300 year old taxation system.
CANADA'S TRUDEAU IS THE SAME AS CLINTON/BUSH/OBAMA-----AND TRUMP.
$14 trillion worth of tariffs eliminated--------much of which brought low consumer prices to US products.
Trans-Pacific Partnership revived after 11 nations agree to trade deal – without US
Canada coaxed back after lobbying by Japan and Australia, while door left open for Washington
The Trans-Pacific Partnership trade pact, which had been on life support since Donald Trump’s withdrawal of the US a year ago, has finally been resuscitated.
The 11 remaining countries are expected to sign an amended agreement on 8 March in Chile, Australia’s trade minister, Steve Ciobo, has confirmed.
Canada threw a spanner in the works at the Apec summit in Vietnam last year, derailing efforts to finalise the deal.
Ottawa has since been coaxed back to the fold after lobbying efforts from Tokyo and Canberra.
Trade officials had been meeting in Tokyo to resolve rifts including Canada’s insistence on protections for its cultural industries such as movies, TV and music.
Canada’s trade minister said the pact included an improved arrangement on cars with Japan and the suspension of intellectual property provisions that had been a concern.
The timing of the deal is significant for Canada, which is trying to diversify its exports. US, Canadian and Mexican negotiators opened a key, week-long round of talks to modernise Nafta on Tuesday.
Speaking at the World Economic Forum in Davos, Switzerland, overnight, Canada’s prime minister, Justin Trudeau, called the agreement the “right deal”.
Australian prime minister, Malcolm Turnbull, said last week the new agreement would leave a door open for eventual US participation.
The deal is planned to eliminate 98% of tariffs in a marketplace worth close to $14tn.
Nearly a quarter of Australia’s exports last financial year, worth almost $88bn, went to the countries in the TPP-11.
Ciobo said the TPP included new bilateral free trade deals with Canada and Mexico and “enhanced access into a number of markets”.
The deal includes the abolition of all tariffs on seafood, wine, sheep meat, cotton wool and manufactured goods across the region.
Speaking from Davos, Ciobo told Australia’s Radio National the deal would increase access to Japan for Australian beef producers, resulting in a “more rapid decrease on tariffs” that would provide a competitive advantage “at the expense of US beef producers”.
The TPP has been controversial in Australia owing to concerns about the investor state dispute settlement clause and because it lowers the requirement to test the local labour market before allowing skilled migrants from member nations.
Ciobo dismissed both concerns as part of a “scare campaign” against the deal. He said it was “absolutely not” the case that the TPP would give the government less ability to regulate corporations and the deal would not result in “an invasion of unskilled or unqualified foreign workers”.
Australia’s National Farmers’ Federation chief executive, Tony Mahar, said the resurrection of the TPP was a “really good thing for farmers”. “It will provide more opportunities and market access for us to sell our food and fibre,” he said.
The Australian Industry Group’s chief executive, Innes Willox, said the breakthrough was a “very positive step” and he expressed hope that the US would join the TPP in future.
Here is NBC in 2017 selling this idea that Trump was killing TPP----along with all that other FAKE ALT RIGHT ALT LEFT baloney about hating Muslims, women, being a white supremacist. TRUMP as CLINTON/BUSH/OBAMA has always been ONE WORLD ONE GOVERNANCE for only the global 1% filled with global 1% from all those nations. Trump like the global 1% hates all 99% of citizens black, white, and brown citizens---and we all know those global banking 1% ARE NOT RELIGIOUS.
To sell the idea of TRUMP actually REBUILDING MADE IN AMERICA they had to install this KABUKI THEATER a MOVING FORWARD starts to build global corporate campuses and global factories in US FOREIGN ECONOMIC ZONES. 99% WE THE PEOPLE are supposed to think just because a right wing Republican PRETENDS to be white conservative---he actually is pro-American, pro-white citizens----and pro-CHRISTIAN when Trump is NONE OF THESE.
All the US citizens heading down south to find jobs in these global factories will be the ones pushed out very soon as global labor pool 99% continue to BUILD DENSITY they will be the ones pushed into these global factories to be enslaved as they are overseas in Asia and Latin America.
Today in Baltimore those NEW CITIZENS buying real estate /houses will be those SOAKED by US FOREIGN ECONOMIC ZONE taxation tied to ZERO TARIFFS----ZERO GLOBAL CORPORATION TAXATION WITH VAT-----AND fueled by global banking 1% forcing Baltimore 99% of citizens to pay down those 30 years plus US TREASURY, STATE AND LOCAL MUNICIPAL BOND DEBT being used to build these global corporate campuses---
NBC IS MSNBC -----both far-right wing global banking 1% ----both hyper propaganda.
National media tried to make OBAMA sound as if ending BUSH policies when OBAMA MOVED FORWARD all Bush policies and today national media is trying to sell TRUMP as ending all of OBAMA'S policies when HE is simply MOVING FORWARD the same ONE WORLD policy goals.
Why Trump Killed TPP — And Why It Matters To You
by Ben Popken
President Trump Begins Rolling Back Obama-Era Policies The TPP is DOA. NBC ---Jan 23, 2017
President Donald J. Trump signed an executive order Monday announcing the U.S. will withdraw from negotiating the TPP, or Trans-Pacific Partnership deal.
“Great thing for the American worker, what we just did,” he told the press corps after signing, as his chief adviser Steve Bannon, former executive editor of Breitbart, a platform for the so-called "alt-right," looked on with a tight grin.
During a campaign stop in Ohio this summer, Trump said, "The Trans-Pacific Partnership is another disaster done and pushed by special interests who want to rape our country, just a continuing rape of our country.”
From left, White House Chief of Staff Reince Priebus, National Trade Council adviser Peter Navarro, Senior Adviser Jared Kushner, policy adviser Stephen Miller, and chief strategist Steve Bannon watch as President Donald Trump signs an executive order in the Oval Office of the White House, Jan. 23, 2017, in Washington. Evan Vucci / AP
As divisive as that language sounds, whoever got into the White House was likely to ditch the TPP. Hillary Clinton, adopting a progressive issue from Bernie Sanders, also came out against the deal during her run, saying in August, "I will stop any trade deal that kills jobs or holds down wages, including the Trans-Pacific Partnership. I oppose it now, I’ll oppose it after the election and I’ll oppose it as president.”
So what was the TPP, and why did some people hate it so much — on both the right and the left?
Jobs Created and Destroyed
The Trans-Pacific Partnership, pushed hard by the Obama administration, was essentially an attempt to create a single market for the U.S. and 11 countries that border the Pacific Ocean, including Canada, Mexico, and Chile. The idea was to make goods flow more freely and cheaply between all partners — who together represented one third of global trading.
Specifically, the TPP's largest goal was to maintain U.S. trade dominance in Asia, bringing the various trading partners under America's wing as a way to ward off China's growing economic influence, said MSNBC business correspondent Ali Velshi.
The TPP Is Dead. So What?
The idea was that if everyone brought down taxes on exported goods, U.S. companies would pay less for imports — while benefiting from cheaper labor overseas.
According to research by the Peterson Institute, the deal would have increased U.S. exports by $123 billion. Using back-of-the-envelope math, Obama's White House had estimated an increase of 650,000 jobs.
Proponents said the net effect of this would lead to overall economic improvement and stimulate the economy and thus jobs and better wages for all, even blue collar workers.
In "The Case for the Trans-Pacific Partnership," Mireya Solís, a foreign policy senior fellow at the left-leaning Brookings Institution, wrote that the deal would "promote jobs in the sectors where we enjoy comparative advantage," would "ensure fair competition," and "put pressure on non-member countries to reform their state capitalism trading practices."
LEFT-LEANING BROOKINGS INSTITUTE----A FAR-RIGHT WING GLOBAL BANKING 1% THINK TANK????
A Trade Deal Without Trade Benefits
But when it comes to deals like these, including NAFTA, another trade deal also on Trump's chopping block, "It just hasn't worked. That's the problem," said Velshi.
"Companies love free trade," said Velshi. "Companies get to share profits with shareholders, the government gets the taxes, but workers don't get their fair share."
"This is all diplomacy. There is no benefit," said Derek Scissors, a China specialist at the conservative American Enterprise Institute. "The idea was diplomatic rather than economic."
Moreover, as the deal went along and corporations began influencing it behind the scenes, it became a multinational corporate grab-bag, said Evan Greer, campaign director of Fight for the Future, a non-profit advocacy group that came out strong against the TPP.
"The TPP's 5,000+ pages actually had very little to do with trade. Instead, corporations tried to turn it into a wish list for policies that they knew would never pass through Congress," said Greer.
These included labor rights rules unions said were toothless, rules that could have delayed generics and lead to higher drug prices, and expanded international copyright protection.
"That's what led to such a mass movement against the TPP, and brought together so many different groups to oppose it," she said.
Now that the TPP is effectively dead, Trump's administration will have to make separate trade deals with each country. That can take time. Negotiations for TPP itself began in 2008.
In the meantime, the protectionist measures instead promised by Trump could set off a damaging trade war. And with the U.S. bowed out of the multilateral agreement, it creates an opportunity for China to make attractive agreements with the Pacific Rim countries to trade with them instead.
That could lead to higher prices for the cheap imports that Americans have become addicted to — so your kid's plastic Paw Patrol toys at Wal-Mart could get a little pricier
When OBAMA forced US auto manufacturers into bankruptcy because their FINANCIAL ARMS----GMAC et al illegally soaked themselves with SUBPRIME MORTGAGE LOAN FRAUD to bring those US AUTO MANUFACTURERS down lots of media fan-fare went to saving these AUTO PARTS manufacturing. Taking both US automakers and US auto parts down together was too great a shock we were told so this ENDING NAFTA----bringing TPP----and loading today's US corporations with CORPORATE BOND DEBT -----will take out the rest of our US business structure.
THAT WAS THE GOAL OF CLINTON/BUSH/OBAMA MASTER PLANS MADE IN REAGAN/CLINTON ERA----1990S.
REAL left social progressives were shouting all this back in 1980-90s----but those dastardly 5% players pretending to be 'LABOR AND JUSTICE' leaders pretended all that was CONSPIRACY THEORY.
NAFTA MUST END IF GLOBAL BANKING 1% IS TO INSTALL TRANS PACFIC TRADE PACT---THAT IS WHY TRUMP IS DOING THIS.
All of these political stances are preparing for the massive US economic collapse from US sovereign debt fraud coming soon waiting for US FED to raise inflation and interest rates. 99% of WE THE PEOPLE are going to lose employment just as the economy collapses AND food, water, housing, clothing prices are going to soar. National media and those 5% CLINTON/BUSH/OBAMA NOW TRUMP pols and players will PRETEND to be trying to help the 99% while they installed these few decades all these policies having a goal of doing just this to AMERICA---and all of US 99 % WE THE PEOPLE.
MEANTIME OUR GLOBAL LABOR POOL 99% ARE BEING PLACED TO BECOME ENSLAVED ---THOSE GLOBAL 1% AND THEIR 2% ARE BEING PLACED IN OUR US GOVERNANCE BECAUSE THAT IS WHAT 'ONE WORLD ONE GOVERNANCE BY ONLY THE GLOBAL 1%' IS.
Ending NAFTA could cost U.S. up to 50,000 auto parts jobs: study
WASHINGTON (Reuters) - The U.S. auto parts industry could lose up to 50,000 jobs if the North American Free Trade Agreement is terminated and companies must pay higher tariffs to ship products to Mexico and Canada, according to a new study set for release on Thursday.
U.S., Canadian and Mexican negotiators are meeting in Arlington, Virginia, this week for a fourth round to try to revise the 23-year-old agreement, which allows the tariff-free flow of vehicles and parts across the three borders.
U.S. President Donald Trump has criticized NAFTA for luring U.S. manufacturing jobs to low-wage Mexico and has vowed to quit the pact or revise it to reduce his country’s $64 billion trade deficit with its southern neighbor.
Ending NAFTA, however, would result in a full reversion to tariffs under World Trade Organization rules, according to the Boston Consulting Group study sponsored by the Motor Equipment Manufacturers Association. The U.S. auto parts industry employs about 870,000 workers.
Mexico and Canada would fare better because they previously charged higher tariffs than the United States and would revert to those levels. And with no trade incentive to manufacture in the United States other than to avoid the 25 percent truck tariff, more full vehicle production would migrate to low-cost countries such as China, auto experts say.
Job losses could be as much as 24,000 if renegotiations lead to requirements for content from North American and specifically the United States, according to the study.
NAFTA negotiators face tough new U.S. demands to increase regional content for autos to 85 percent from 62.5 percent, with 50 percent from the United States, according to people briefed on the plan.
The rules of origin demands are among several conditions that the U.S. Chamber of Commerce has labeled “poison pill proposals” that threaten to torpedo the talks.
The auto parts study was conducted before these targets were revealed.
Raising the automotive content thresholds and forcing automakers to verify the North American origin of more electronics and other parts now sourced from Asia would cause some parts manufacturers to forego NAFTA benefits, said Ann Wilson, the association’s head of government affairs.
Instead, companies may ship in more products from low-cost countries outside the region, paying U.S. tariffs ranging from 2.5 to 5.0 percent.
“Instead of encouraging more U.S. content, these provisions will lead to less U.S. content,” Wilson said.
We like to include African economic public policy because AFRICA is being colonized by global banking 1% at the same time the US is via FOREIGN ECONOMIC ZONES. Our US black 1% are tied tightly to global banking people made 'African 1% billionaires' who are of course installing these same OLD WORLD MERCHANTS OF VENICE GLOBAL 1% LAISSEZ FAIRE MEDIEVAL TRADE POLICIES. African never gets to be its own economic force because global banking 1% always buy those dastardly 5% players allowing them to be a 1% for a few decades.
International media is selling AFRICA as cosmopolitan ----building FOREIGN ECONOMIC ZONES with global corporate campuses and global factories just as in Southeast Asia. These same tax and tariff laws are being installed in all African nations having those FOREIGN ECONOMIC ZONES assuring all 100% of African citizens will lose any wealth they can accumulate.
Here in US we read US 99% of black citizens are heading south to those global corporate campuses and global factories not being told what MOVING FORWARD US CITIES DEEMED FOREIGN ECONOMIC ZONES means for our US 99% of BLACK CITIZENS. We see global labor pool 99% workers from Africa coming to US as part of BUILDING DENSITY ------please think about COMING TO AMERICA---LAND OF FREEDOM, JUSTICE, AND PURSUIT OF HAPPINESS and fight against today's CLINTON/BUSH/OBAMA ---NOW TRUMP and all these MOVING FORWARD ONE WORLD ONE GOVERNANCE policies as we rebuild our REAL US local economies.
Global banking 1% will soon be changing those secret hand shakes-----changing those secret knocks-----there will be different funny hats for only those global 1% just as in DARK AGES.
Special Economic Zones
Performance, policy and practice
-with a focus on Sub-Saharan Africa
International Trade Department, World Bank
About the Author:
Thomas Farole is a Senior Economist in the International Trade Department of The World Bank. He has
more than 15 years experience working with the public and
private sectors in Southern Africa, the
Middle East, Europe and Asia on issues of export competitiveness, trade facilitation, and regional
economic development. Prior to joining the World Bank, Mr. Farole was Regional Director for the
consultancy Kaiser As
sociates Economic Development (based in London, Dubai, and Cape Town). He
holds a PhD in Economic Geography from the London School of Economics and Political Science (LSE).
'Latvia boasts 4 special economic zones that allow businesses to access several tax incentives, including 80% rebate on corporate, real estate and withholding taxes, and exemption from import/export tax duties and VAT'.
Don't listen to national media on tax public policy----look at GOALS-----tied to FOREIGN ECONOMIC ZONES knowing our US cities are FOREIGN ECONOMIC ZONES staging to operate independent of all US/state/local sovereignty......global banking 1% pols going, going, going to VAT-----exemption for global corporations.
WORKERS WANT $15 DOLLARS AN HOUR? ARE YOU CRAZY? WE WILL PAY YOU $ 3-6 A DAY AND CALL THE REST =======TAXES.
'I was at a meeting in Cherry Hill and the city has devalued almost all the homes in that neighborhood all of a suddent this year---The value of homes fell from over a hundred thousand dollars last year to $36,000 dollars this year---Whats up with that, are they preparing to take their properties for cheep'???