While I’ve never been a big fan of the TPP, mainly because of the secretive nature of the negotiations and the apparent loss of sovereignty imposed on smaller nations, I do think in the long term, America’s withdrawal from the pact will see the rise and rise of China and the increasing isolation of the US. Bill Peddie makes some interesting observations:
DONALD TRUMP AND HIS ALTERNATIVE FACTS ON THE REJECTED TRANS PACIFIC PARTNERSHIP
While I am sure President Donald Trump knows how to add using his fingers, I wish he had used bigger fingers before maligning the junior trading nations with the US like New Zealand.
According to our New Zealand Statistics figures for 2016 we sent NZ $5.6 billion worth of exports to the US and in return received NZ $5.7 billion worth of Goods and Services from the US. In the Brave New World according to Donald Trump he claims this means that New Zealand gained far more from this trading relationship than did the US! ? In response, small minded journalists might suspect that (using Trump’s own invented language) he might have “misspoke bigly”. At the very least, his assertion that smaller partners have been gaining more from trade with the US than does the US doesn’t match…
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