- cross-posted to:
- news@lemmy.world
- cross-posted to:
- news@lemmy.world
Donald Trump, the frontrunner for the Republican presidential nomination, said on Saturday that he would kill off a Pacific trade pact being advanced by U.S. President Joe Biden if he were to win the 2024 election and return to the White House.
Speaking to supporters in Iowa, Trump said he was against the regional trade deal being negotiated by the Biden administration with 13 other countries, arguing that it would hollow out U.S. manufacturing and trigger job losses.
Talks on the trade sections of the Indo-Pacific Economic Framework (IPEF), which is aimed at offering the region an alternative to China's growing trade clout, stumbled in recent days after some countries, including Vietnam and Indonesia, declined to commit to strong labor and environmental standards.
Trump, who withdrew from the Trans-Pacific Partnership (TPP) trade deal that had been forged with many of the same countries after taking office in January 2017, said he would "knock out" what he referred to as "TPP Two" immediately upon taking office.
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He knows how to kill trade, destroy livelihoods, and still not lose a single vote from the same people. Just ask soybean farmers.
he fucked them over SOOO badly and they still came back for 5th and 6th helpings
The only country that benefits from that is China. But maybe they'll give his daughter more patents
Add this to the list of reasons the Chinese want Trump to win the presidency in 2024.
You say the word "manufacturing" to Conservatives, and they go into a trance, as if everybody is like them and dreams of working as unskilled labor on an assembly line.
Because the republican traitor filth are actively working against American interests. They aren’t worthy of the oxygen they breathe.
Is there a reason he isn't being barred from running for office cause if not…he's gonna start a civil war by getting himself killed…
The reason is Murikkka.
More I think its just people being pussies as well as corruption. Ppl scared to throw him in jail where he belongs for the crimes he did actually do regardless of if he was president at some point.
It can be both.
This is the best summary I could come up with:
FORT DODGE, Iowa, Nov 18 (Reuters) - Donald Trump, the frontrunner for the Republican presidential nomination, said on Saturday that he would kill off a Pacific trade pact being advanced by U.S. President Joe Biden if he were to win the 2024 election and return to the White House.
Speaking to supporters in Iowa, Trump said he was against the regional trade deal being negotiated by the Biden administration with 13 other countries, arguing that it would hollow out U.S. manufacturing and trigger job losses.
Talks on the trade sections of the Indo-Pacific Economic Framework (IPEF), which is aimed at offering the region an alternative to China's growing trade clout, stumbled in recent days after some countries, including Vietnam and Indonesia, declined to commit to strong labor and environmental standards.
"Under the next administration… the Biden plan for 'TPP Two' will be dead on day one," Trump said at a campaign event in Fort Dodge, about 94 miles (150 km) north of Des Moines.
"It's worse than the first one, threatening to pulverize farmers and manufacturers with another massive globalist monstrosity designed to turbocharge outsourcing to Asia."
The Biden administration had hoped to finish key chapters of its IPEF trade initiative in time for this week's Asia-Pacific Economic Cooperation (APEC) meeting.
The original article contains 283 words, the summary contains 211 words. Saved 25%. I'm a bot and I'm open source!
I can do better:
Idiot says idiotic things to get idiots to vote for him in a losing race
The Indo-Pacific Economic Framework is a nothingburger, lol. The Asian countries that have joined the IPEF are just "giving face" to Biden and keeping the door open. The deals that are actually substantively shaping Asian trade are the CPTPP and RCEP, the latter of which includes China, and both of which exclude the US.
It would be funny if, after Biden watered down the IPEF into irrelevancy, it ended up becoming a way for Trump to attack him politically anyway.
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Would have been a much more interesting headline if they just stopped after the fourth or fifth word…
Trade deals dont have the best track record in benefitting the working class, most times it fucks us over. He was right in killing the TPP, one of the few things he did that was right.
Neither does protectionism. I'm not saying you're wrong, but isi policies that make imports expensive also hurt the working class. Overall free trade might be fine if it's combined with a more robust welfare state.
TPP had some serious negatives for the US but did more to make the world less China-centric than anything in the last 30yrs. All the smaller Asian countries (and Australia)on board stood to benefit from increased manufacturing. Would have done wonders to decentralize reliance on China.There were probably less things in the TPP for China to like than western leaning countries. Killing it was a gift to them.
It's a soft power move not an economic move, it just happens to have an effect on the economy as well. The int of it was to make freaking with China less advantageous and thus make everywhere else more advantageous. Similarly the other commentor is right, you can't say you're against it because it's bad for the working class without offering a better solution.
