Donald Trump made it official earlier this week: The Trans-Pacific Partnership is DOA in his upcoming administration.
“On trade, I am going to issue a notification of intent to withdraw from the Trans-Pacific Partnership, a potential disaster for our country,” Trump said on Monday in a brief video outlying his first 100 days that was posted on YouTube. Instead, he said, he said he would “negotiate fair bilateral trade deals that bring jobs and industry back”.
The TPP, a 12-country Pacific Rim trade agreement signed in 2015 but not ratified, did not have a lot of support in Congress, at least not while Barack Obama remained in power. It certainly had its supporters in the U.S., including farmers and ranchers. The TPP had promised to slash tariffs on U.S. agricultural goods in large markets such as Japan and Vietnam, as well as eliminate agricultural subsidies that gave competitors in the trade bloc an edge.
Several world leaders say without U.S. participation, the deal is completely dead.
Among those disappointed by the decision is Tampa Mayor Bob Buckhorn, who was chair of the TTP task force with the U.S. Conference of Mayors. His unbridled support entitled him to an invitation to a White House State Dinner in August when the Prime Minister of Singapore came to Washington. Singapore was one of the signatories to the pact.
Speaking to SPB last week, Buckhorn said he was disappointed that Trump would not commit to the agreement, largely because he says the U.S. can’t retreat from competing in a global environment.
“We have relationships, we have alliances we want to reduce barriers, we want to reduce tariffs we want to engage and produce made in America products all over the globe. That’s good for America, that’s good for American jobs,” he said.
The TPP was opposed by labor group groups in the U.S. and their champions in Congress like Bernie Sanders. But Buckhorn says it’s wrong to think that trade agreements cause the economic dislocation that has so negatively hurt American workers.
“It’s the technology that is changing the way that American workers are working, and so to hear the demogogery on both sides of the aisle over trade, was disappointing, because I don’t think that’s reflection of American values and the way that America has competed around the globe,” Buckhorn said. “We need to be the leader, because if we don’t, then other people will, and if certainly in the case about TPP. The void by our absence will befilled by China, and the TPP criteria, whether it was on intellectual capital,whther it was on labor, whether it was on unions, the environment, will not be nearly to the standard that the TPP would have been. So yeah, for me that’s disappointing and I hope it’s only a temporary condition in America.”