In President Obama’s argument, he warned that “trying to pull up a draw bridge on trade” would hurt the U.S. economy and American workers, and said that “if we don’t establish rules -- norms -- for how trade and commerce are conducted in the Asia-Pacific region, then China will.”
Since TPP currently excludes China, as a country China has no obligation to honor the new standards for labor, environmental responsibility, and other objectives – a huge TPP plus for China. However China’s subsidiaries in TPP countries benefit from the extraordinary advantages bestowed on corporations doing business in TPP counties, another huge TPP plus for China.
Mr. President: for China TPP is a heads we win (as Crony Capitalist); but tails you lose (as TPP Counties). Your fearmongering in favor of TPP is nothing to brag about.
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At abcnews.go.com
At abcnews.go.com
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