US Admits TPP Is Dead, TTIP On Life Support... But Beware Of What Comes Next
from the this-isn't-over dept
Of course, this doesn't mean we're out of the water. These agreements may be dying, but not for the right reasons -- and that's what should worry folks. The reason why many of us have been worried about TPP and TTIP is not because of the actual free trade parts of the agreement that involve lowering or getting rid of tariffs -- but rather much of the other stuff in there, including dangerous and damaging copyright and patent policies, along with the whole ISDS setup, which is really a provision for corporate sovereignty, giving companies the effective ability to veto certain regulations.
But, that doesn't seem to be the reason why Trump is against these deals. Rather, almost all of his commentary on these agreements is about how other countries are "winning" and the US is "losing" from these trade deals -- and how he's ready and willing to jack up tariffs and basically set off trade wars with some of our largest trading partners. That's bad, and will likely cause a lot more harm than good. Furthermore, the fact that Trump is either unaware or doesn't understand the actual problems with these agreements suggests that there will be ample opportunity for lobbyists to work them in to future agreements. So while the problems of the TPP (and TTIP) are now off the table, there is plenty to watch out for going forward.