Donald Trump has again suggested trade deals that boost domestic manufacturing jobs may be beneficial for the US economy.
But Mr Trump said those who argue the US will have to abandon some of its trade agreements, like the Trans-Pacific Partnership (TPP) with 11 other countries, would not be correct.
“It’s been a terrible mistake for many years.
You can see it with NAFTA, the Transatlantic Trade and Investment Partnership.
You have some countries that are doing terrible things,” Mr Trump told reporters in Florida.”
I don’t think they should be there.”‘
You’re going to be hurt’Mr Trump said the US is facing “a real economic threat” if it does not abandon the Trans Pacific Partnership and other trade deals, which he called a “massive job-destroying” trade deal.
“The American people will be hurt, because they’re not going to buy into this nonsense,” he said.
“This is going to hurt them economically and politically.
It’s going to create massive job-killing trade agreements.”TPP and other free trade agreements are among the biggest impediments to economic growth, he added.”
What you’re going with is a massive trade deal, where you’re not even going to have a trade agreement.
You’re going into an agreement where the American people are not going, because you’re just going to go into a trade deal,” Mr Romney said.
Mr Trump also repeated his suggestion the US would have to “take back” some of the countries trade deals.
“We are going to renegotiate the deal, you are going into a massive, massive trade agreement, where if we renegotiate it, we are going back to a place where we are not exporting anything, you’re actually going to see massive job losses,” he told reporters.
“You’re not buying anything.
You are just going into this massive deal where you have to go back to countries that have done a tremendous amount of harm to the US and to our country.”
The Republican nominee said the deal was a “disaster” and “a catastrophe” for America.
“If we do not get TPP, we will have a very big trade deficit,” he continued.
“And if we do get TPP and other things, we’re going, frankly, into a very serious trade war.”‘
We have to get a deal’Mr Romney, a former presidential candidate and governor of Massachusetts, said he was optimistic about the prospects for the Trump administration to find a deal with the TransPacific Partnership countries.
“Our President and Secretary of State are working on this.
I’m confident that they will be able to come up with a deal that will be beneficial to all of us,” he added, noting Mr Trump was “not going to negotiate this deal”.”
He’s not going into that deal, because he’s not a negotiator.
And he’s going into TPP,” Mr Mitt Romney said in Florida, referring to the Trans World Trade Organization.”
But the President, Secretary of Trade and Manufacturing and a number of other things we need to get done.
We have to do a deal.”TPP, known as the Trans Asia Partnership, is one of a series of free trade treaties signed by the US.
It was signed in 1992 and is aimed at boosting trade between the Asian nations of the Pacific, and China, which is the world’s biggest trading nation.”TPP will open up millions of jobs to the United States, bringing the economy of our country to new heights,” Mr Donald Trump said.
The TPP is designed to boost the trade between Asian nations.
“There are other free trading agreements we need, too, but we’re not getting them now,” Mr Obama said in his State of the Union address last year.
“So TPP will be the biggest, most consequential agreement in decades, one that will bring new jobs and prosperity to the American middle class.”TPP is an international trade agreement with 11 countries including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam, and the United Arab Emirates.
The US has said the trade deal is needed to help it “continue to attract and retain” foreign direct investment (FDI) and promote the US-China relationship.
Mr Romney said the TPP was “disastrous” for American workers, which was why the US was “going to renegotiat” it.
“Trump is not going anywhere.
We’re not talking about getting a deal.
We are going for it, and renegotiating the deal,” he concluded.”
He is not negotiating the deal.
He is negotiating with TPP, which has no teeth, and is going out of existence, as they say.”
Topics:government-and-politics,economics-and,trade,politics-and_government,international-aid-and/or-trade,world-politics-id,united-statesFirst posted May 09, 2019 16:07:45Contact Lisa MaricicMore stories from