Although candidate Hillary Clinton in her years as being Secretary of State under the Obama Administration supported the TPP, once calling it “the gold standard,” now as a candidate for presidency, Clinton opposes such partnership. Reason for such opposition arises from Clinton’s “test” in regards to trade deals, there are three questions/standards she asks: “(I) will [this deal] create jobs in America?, (II) will they raise incomes in America?, and (III) are they good for our security?” (Blake). The conclusions that Clinton arrived to after such test show that the TPP does not meet the “high bar” Cli...
... middle of paper ...
... the Ricardo-Viner Model and Trump’s rationale for opposing TPP, we can see that exporting does not benefit the U.S., making the argument for non-participation in the TPP, because as a consequence to the lack of exports it creates a surplus for U.S. products. Hence, Trump would rather move toward a protectionist stance in trade policy because although the TPP promote free trade the exports for the U.S. are having slim to none benefit.
To conclude, although each candidate opposes the TPP, Hillary Clinton if elected may return to her prior decision of taking part in the TPP and, as we have seen, a result creating a slow yet beneficial rise in trade and employment for the U.S.. In contrast to Donald Trump, if elected not partaking in the TPP can potentially sever ties amongst the Pacific Rim and neighboring countries causing the U.S. to suffer from the lack of trade.
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- In a recent debate Bernie Sanders referred to free trade as stupid. Donald Trump echoed a similar sentiment when he said: “It’s not free trade, it’s stupid trade.” Free trade is an arrangement between countries in which restrictions on imports and exports; like tariffs and quotas; are lifted. This means that participating nations have better access to overseas markets. The U.S. has been making these deals since the Franklin Roosevelt administration. Right now, America has implemented 14 agreements with 20 countries.... [tags: International trade, Free trade]
1251 words (3.6 pages)
- International trade policy have been a staple of United States foreign relations for over a century. Free trade agreements have been a continuous goal of the United States. The US has established free trade agreements with twenty different countries across the world. These agreements all have overarching goals that seek to establish regulations of labor and environmental standards, limit barriers to trade, and improve multinational relations. The Trans-Pacific Partnership (TPP) is one of the largest free trade agreements to be negotiated.... [tags: International trade, Free trade, Goods]
1853 words (5.3 pages)
- The Trans-Pacific Partnership(TPP) is a free trade agreement currently being negotiated between Australia, Canada, Japan, Malaysia, Mexico, Peru, the United States, Vietnam, Chile, Brunei, Singapore, and New Zealand. The deal would create a free trading zone around the Pacific, bringing together 12 countries that make up 40% of the world’s economy. Potential future members to the deal include Columbia, the Philippines, Thailand, Taiwan, South Korea, and Indonesia. One main point discussed in the agreement is comprehensive market access, meaning the TPP will eliminate or reduce tariff and non-tariff barriers of trade in order to create new opportunities and benefits for American businesses,... [tags: International trade, Free trade, Economics]
746 words (2.1 pages)
- Over the past few decades, free trade has been seen by neo-liberalists as an excellent way to ensure economic growth and development. So for the past few years, the United States and 11 other nations have been negotiating the Trans-Pacific Partnership (TPP), an economic trade agreement that would promote economic progress and cooperation. Supporters of this trade pact argue that the TPP would foster economic growth, assert American influence over Chinese influence, and help improve environmental and labor laws among participating countries.... [tags: International trade, Free trade]
1768 words (5.1 pages)
- During the tough times in the economy in and the upcoming election in America, the Asian economy has been doing slightly better. With Asian countries on the verge of opening their borders to trade, this is a great opportunity for America to get in on the act and reclaim its power on the world economy. Prior to the 2008 economic recession, America was the powerhouse in the economy and most countries looked up to America as the economic driving force. After the economic recession, a shift of power in the economy has happened and some countries in Asia have been able to prosper despite the economy might not be as stable.... [tags: International trade]
1475 words (4.2 pages)
- Trade is the most common form of transferring ownership of a product. The concepts are very simple, I give you something (a good or service) and you give me something (a good or service) in return, everyone is happy. However, trade is not limited to two individuals. There are trades that happen outside national borders and we refer to that as international trading. Before a country does international trading, they do research to understand the opportunity costs and marginal costs of their production versus another countries production.... [tags: International trade, Economics, Tariff, Trade]
715 words (2 pages)
- Introduction to Committee The World Trade Organization is a global international organization, which handles the regulations and rules of trade between countries. It was established on January 1, 1995 after being signed by 123 countries on April 15, 1994. It was conceived after 8 years of negotiations from 1986 – 1994, and succeeds the General Agreement on Tariffs and Trade (GATT), which served a similar purpose from 1948 – 1995. Topic 1: Trans-Pacific Partnership (TPP) The goals of the TPP are, among other things, to promote economic growth, support creation and retention of jobs, enhance innovation, creativeness, and competition, as well as reducing poverty in the countries involved.... [tags: General Agreement on Tariffs and Trade]
905 words (2.6 pages)
- As the 2016 presidential election has just ended, the Trans-Pacific Partnership (TPP) trade agreement comes into the question; should the agreement be passed or not. As said by the Office of the United States Trade Representative, “The Trans-Pacific Partnership (TPP) writes the rules for global trade—rules that will help increase Made-in-America exports, grow the American economy, support well-paying American jobs, and strengthen the American middle class.” Through this definition, many can conclude and start to ponder that this agreement is the solution to the economic crisis for the decreasing middle class and stagnant wages that most American workers face.... [tags: International trade]
1220 words (3.5 pages)
- The Trans-Pacific Partnership, TPP, is a free trade agreement between twelve countries situated on the Pacific rim. If ratified, a diverse range in countries will participate in trade with each other without tariffs. The TPP would be the biggest free trade deal in existence, creating a single market similar to the European Union (TPP: What is it and why does it matter?, 2016) . The arrangement is believed to allow for an increase of exports between involved countries, as well as an increase in GDP and annual real income as a result of reduced and eliminated tariffs.... [tags: Karl Marx, Marxism, Socialism, Social class]
805 words (2.3 pages)
- Is the Trans Pacific Partnership a way to better the people or a passive jab at the prosperous China at the expensive of the people. The TPP is a trade agreement between the United States and the following countries: Australia, Canada, Japan, Malaysia, Mexico, Peru, Vietnam, Chile, Brunei, Singapore and New Zealand. Together this deal accounts for more than 40% of the world economy (Ghelani). With a gilded exposition the Trans Pacific Partnership glistens with expectations of failure. The TPP in its strategy to incarcerate China will inevitably imprison not only the American people but the rest of the world.... [tags: United States, Pacific Ocean, International trade]
1219 words (3.5 pages)