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To: dennisw
Low labor costs and fewer tariffs are the swing factors.

Wow, a little honesty in this debate. And that's what these agreements have always been about: reduce tariffs of goods imported to the US to little or nothing, then move manufacturing plants out of the US to take advantage of cheap labor, lax regulation and other lower costs and no tariffs to ship products back to the US for sale.

And that's what TPP will be about plus who knows what else. The US will realize higher trade deficits, higher real unemployment, lower earnings for the middle and lower classes, and higher budget deficits due to more and more Americans on means tested poverty programs which already cost a trillion per year.

Every trade agreement has been sold as opening new markets to American products, increasing exports and creating new jobs. They do the opposite except for a few industries. I think the TPP will be great for US Pacific ports, at least until that work is diverted to Mexican ports.

14 posted on 06/20/2015 8:08:21 AM PDT by Will88
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To: Will88
Read the article again. They're not referring to lower labor costs and fewer tariffs for exports from Mexico to the U.S. -- they're talking about lower labor costs and fewer tariffs for exports from Mexico to Europe. This has nothing to do with NAFTA at all, and would be taking place even if the U.S. had no trade agreements with any other country in the world.

I think this is going to be a sobering reality-check for Americans. The sad truth is that we are diminishing considerably on the world stage. One indication of this is that more and more countries are conducting business with each other without giving so much as a flaming sh!t about conducting business with the U.S.

15 posted on 06/20/2015 8:26:41 AM PDT by Alberta's Child ("It doesn't work for me. I gotta have more cowbell!")
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