Monday, November 13, 2017

Going ahead without us

The Trans-Pacific Partnership, a trade deal originally designed to limit China's influence by writing the rules for trade in the Pacific rim in a treaty that excludes China, will now be used to limit China and American influence.

I have very mixed feelings about agreements like the TPP. (I wish they were not just trade agreements, but rather including binding standards for other things affected by trade, like labor standards and the environment). But the whole idea behind the agreement was to give signatory countries an advantage in trade over China. Now, they will get an advantage over China and the U.S.