[Olog-hai]

Full title: Obama Deal Seeks to ‘Eliminate’ Trade Barriers With Communist Regime Now Running $24.9B Trade Deficit With U.S.

That is exactly in line with Communist Goal #4 from The Naked Communist: Permit free trade between all nations regardless of Communist affiliation and regardless of whether or not items could be used for war.

[gattaca]

I was just listening to Rush and he’s talking about this now.

[Will88]

At the same time, producers in Vietnam sold $30,583,600,000 in goods to purchasers in the United States.

Lol, and how about a breakdown of those "producers in Vietnam". Likely just a bunch of relocated US factories and maybe some Chinese owned subcontractors producing goods for US firms. And maybe a very few actual Vietnamese firms.

Vietnam is where many transnationals have fled to since wages in China have risen to an unbearable $2.00 to $3.00 per hour.

[Don Corleone]

I know of at least 50,000 objections to dealing with Communist Vietnam all posted on a black marble wall in DC.

[Erik Latranyi]

So why did Ted Cruz vote for this?

[Will88]

What will probably happen in the trade deal is that some barriers will be removed in both directions, thereby making it cheaper for US firms located in Asia to ship goods back to the US for sale with little or no tariff charges.

Here's a Google related to US factories in Vietnam:

US factories in Vietnam

The goal of most of these so-called 'trade' deals is to make it cheaper to locate US factories to cheap labor nations, and then remove any tariffs on goods shipped back to the US. That will probably be the main result of the TPP; few more US goods shipped to Asia and beaucoup more Asian propduced goods shipped to the US, with most of those goods produced for US owned firms.

[Will88]

More firms are likely head here after the passage of the TPP, they said, because it will reduce tariffs on Vietnamese exports to the US to near zero.

That's what TPP is really all about.

US firms move footwear factories to Vietnam ahead of TPP

But I thought Obama said TPP was to level the playing field, open Asian markets to US goods and create jobs in America and, blah, blah, blah. Nike is now big in Vietnam.

Count on it, our deficit with Vietnam and probably all of Asia will be even larger after TPP is in effect.

[onedoug]

The closer to Saigon, more capitalist than the US.