Reasons Why Trump Withdrew From Trans-Pacific Partnership Deal

The Trans-Pacific Partnership Deal is composed of a 12-nation cooperation effort to ease tariff and enhance trade among the member countries. The supposed 12-government economic alliance is 40 percent of the international trade.

Japan is the first nation to ratify the Trans-Pacific Partnership deal and is not agreeable with the United States pullout from the bloc. The member countries are Japan, Malaysia, Vietnam, Singapore, Brunei, Australia, New Zealand, Canada, Mexico, Chile, and Peru. Japan reiterated that without the United States and its 250 million consumers, the agreement is pointless. New Zealand tried to suggest some alternative ideas without the US membership, as reported by BBC News.

The Trans-Pacific Partnership Deal has noble goals for the member countries and the people their leaders represent. Trump already had his decision before he became president. He called the Deal a disaster and a disgrace to the American worker.

Groups opposing the Trans-Pacific Partnership Deal analyzed the effects of this bloc to the American Economy. Some of the factors that made President Trump withdraw from this organization saying that the deal, cleverly disguised as an entity, will be for big business and the member nations. In effect, the United States will tend to sacrifice its labor force and National Sovereignty. It will be a competition of each country's labor forces.

The pullout of the US from the Trans-Pacific Partnership Deal will have an alternative solution. Trump promised to replace the agreement with balanced trade concepts for industries and the presence of jobs back in the shores of the United States of America. He further stated that the deal prioritizes business interests before the welfare of workers, as mentioned by Express.

Hilary Clinton is also against the Trans-Pacific Partnership Deal. With the United States' pullout, the fate of NAFTA (North American Free Trade Agreement) with Canada and Mexico, hangs in the balance. Trump insinuated that a renegotiation would take place between the three countries, in a report filed by The Guardian.

Tags

President Donald Trump, Trans-Pacific Partnership Deal, 12 Nation bloc, TPP Japan, TPP Malaysia, TPPVietnam, TPP Singapore, TPP Brunei, TPP Australia, TPP New Zealand, TPP Canada, TPP Mexico, TPP Chile, TPP Peru

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