Krugman writes: “In any case, the Pacific trade deal isn’t really about trade. Some already low tariffs would come down, but the main thrust of the proposed deal involves strengthening intellectual property rights — things like drug patents and movie copyrights — and changing the way companies and countries settle disputes. And it’s by no means clear that either of those changes is good for America.”
The Comments are brutal, mostly, at least the popular ones.
This writer spent an a few hours the other day reading the US Government positions on TTP, at Federal websites. The best was the trade office of the State Dept, but I can’t seem to find it today. The goals are admirable.
Here is a short list from the whitehouse.gov’
IF AMERICA LEADS:
Reduced or eliminated tariffs for American goods
Streamlined and simple customs rules for American businesses
Countries are required to put in place the most progressive labor standards, including a minimum wage, a ban on child labor, the right to form unions
Countries are required to put in place the most progressive environmental standards ever, including a ban on wildlife trafficking, illegal logging, and overfishing
A free and open Internet that will allow people to openly search and buy American goods
New rules to make sure foreign state-owned companies compete fairly with our private businesses”
I found an example, Vietnam current has no tariffs on auto parts from China, but has a 27% tariff on auto parts from the US. The Trade desk insists that these anti US practices will be reduced. Perhaps we will have to wait till the document is made available, before condemning it. Anything that helps protect rhinos and elephants for instance, deserves support, unless real sovereignty is sacrificed, which remains now just an accusation.
TTP recognizes that the biggest growth will be in Asia, as well as the most pollution. Maybe the left should hold their fire, till they can see what they are trying to kill.