The top trade official of the Obama administration has warned that failure to ratify the TPP trade deal would ensure that the US ceded leadership in global trade to China.
“We’re one vote away from either cementing our leadership in this region and in the global trading system or ceding it to China … At the end of the day I don’t think Congress wants to be responsible for handing the keys to the castle to China,” US Trade Representative Michael Froman said on Thursday.
A Reuters report said Froman has ruled out renegotiating the “carefully balanced” text.
The deal would aim to liberalize trade in 40 per cent of the world economy, negotiators claim.
China, and other BRICS countries, are not among the TPP nations.
It is uncertain whether the US will sign the controversial pact before the presidential election in November 2016. Presidential hopefuls in the US have declared their opposition to the TPP in its current form.
Republican nominee Donald Trump has said the TPP is “a rape of our country”. His Democratic opponent, Hillary Clinton, has also said she would vote against the deal in the US Congress.
You can read the rest @
http://thebricspost.com/if-tpp-fails-us-will-cede-trade-leadership-role-to-china-us-trade-rep/#.V5zDf4MrLIU
This rhetoric ought to make us realize two sad truths:
1. The nation which is fighting the hardest to maintain our trade sovereignty is China.
2. The nation which is fighting the hardest to maintain our national sovereignty is Russia.
We The People have been betrayed by "our" government and the US deep state. If we must appeal to China and Russia to save us, so be it.
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