Failure or Success? – TPP and TTIP Have Been Terminated

failureIt’s only been a few days since the United States president was declared, but things are not starting to go down the hill just yet. Maybe the Trump administration will manage to not bring just failure to the nation from the very beginning.

Failure to Continue the Old Administration

The Pacific Trade Deal is over. Both Republicans and Democrats reached the conclusion that now Obama’s administration can not advance by any means.

Why? Mostly because our new president will oppose it for sure.

These are the news. Reports have it that, within his first 100 days of office, Trump will put an end to all trade deals.

TPP is only the beginning. TTIP might also be on his list.

This is all true. Immediately after the White House announced that they are dropping the TPP, the TTIP fell as well.

The Wall Street Journal had this to say:

“The failure to pass what is by far the biggest trade agreement in more than a decade is a bitter defeat for Mr. Obama, whose belated but fervent support for freer trade divided his party and complicated the campaign of Mrs. Clinton. The TPP’s collapse also dents American prestige in the region at a time when China is flexing its economic and military muscle.”

Bloomberg released new pieces of information. According to Cecilia Malmstrom, European Union Trade Commissioner, the conventions between EU and U.S. are going to face an “indefinite hold”.

A lot of changes coming up with the new election.

“There will be a natural pause, of course, while we wait for the next administration; then, for quite some time TTIP will probably be in the freezer. Then what happens when it’s defrosted, I think we will need to wait and see. I don’t see the resumption of any TTIP negotiation in quite a long time. Whether it makes sense to have new rounds — well probably not.” 

A Good Change Or a Bad One?

At this point, we will lose everything that the TTIP was able to achieve. After three years of efforts, all gone: no more enlarged service markets and no more goods free of tariff.

Both Obama and Angela Merkel did refer to the TTIP as a “policy priority”.

On the other hand, The Guardian claims something else. They say that these agreements were not public, and not even the Congress knew about them.

“Yet that doesn’t seem to be the position of the “most transparent administration ever”. While lobbyists are given a free hand to help write the deals, even members of legislative bodies have to jump through absurd hoops just to lay eyes on the document. Draconian restrictions were put on US members of Congress if they wanted to view TPP while it was in negotiation, so much so that they were even threatened with prosecution if they talked about it. And Time magazine just reported on what Katja Kipping, a member of German parliament, had to do to see the latest version of TTIP. This included agreeing to a restricted reading time of just two hours, having a guard breathing down her neck the entire time and not sharing the contents of the agreement with anyone.”

But there is hope. President-elect Donald Trump openly declared his disapproval about the deals. All we can do now is wait and see if he will stay true to his words.

After all, are Trump’s actions a failure?

Find us here

Get news from the CSGLOBE in your inbox each weekday morning

The views and opinions expressed in this article are those of the authors/source and do not necessarily reflect the position of CSGLOBE or its staff.

Paid content

Georgia House Votes To Allow Citizens To Abolish Police Departments In The State

The Georgia House backed an effort on Friday to dissolve the Glynn County Police Department and any...

14 African Countries Who Still Pay Colonial Tax To France

80% of the 10 countries with the lowest literacy rates in the WORLD among adults are in francophone Africa. Namely: Benin (40%), Burkina Faso (26%),...

France Declares All New Rooftops Must Be Topped With Plants Or Solar Panels

A new law recently passed in France mandates that all new buildings that are built in commercial zones in France must be partially covered in...

What's New Today

Georgia House Votes To Allow Citizens To Abolish Police Departments In The State

The Georgia House backed an effort on Friday to dissolve the Glynn County Police Department and any...

Leaked CDC document contradicts Pence claim that U.S. coronavirus cases ‘have stabilized’

Even as Vice President Mike Pence wrote in a Wall Street Journal op-ed published Tuesday that coronavirus...

Five bombshells about Trump from Bolton ‘s book

Excerpts from former national security adviser John Bolton ’s book about his time in the Trump administration...

Don’t Listen to Fox. Here’s What’s Really Going On in Seattle’s Protest Zone.

It seems I live in a city undergoing a “totalitarian takeover” that will lead to “fascist outcomes”...


Complete List of BANKS Owned/Controlled by the Rothschild Family

What’s the significance of having a central bank within a country and why should you concern yourself, your family and colleagues? Central banks are illegally...

What Is Agenda 21? Depopulation of 95% of the World By 2030

Most people are unaware that one of the greatest threats to their freedom may be a United Nations program which plans to depopulate 95%...

China Is Turning The Rainforest Into Cheap Furniture For The U.S.

Driven by American demand for cheap furniture, China has become the greatest importer of illegal timber. The...

Georgia House Votes To Allow Citizens To Abolish Police Departments In The State

The Georgia House backed an effort on Friday to dissolve the Glynn County Police Department and any...

Netherlands Bans Wild Animals In Circuses

It is now illegal for wild animals, such as lions, bears, elephants, and giraffes, to be used in circuses in the Netherlands! Tuesday, September 15,...

Los Angeles police just bought Tasers that activate body cameras if used

Los Angeles police on Tuesday ordered Tasers that, when used, automatically activate cameras on officers' uniforms, which will create visual records of incidents at...

North Korea Declares War Against United States if Annual ‘War Games’ Go Ahead

In the latest tensions between North Korea and the United States, North Korean Director-General Han Song Ryol for U.S. affairs has warned Washington that...

House Committee Passes Bill To “Audit The Federal Reserve”

The Republican-controlled Committee on Oversight and Government Reform approved a bill earlier today to allow for a congressional audit of the Federal Reserve's monetary...

Scientists Panic As Sun Goes Completely Blank

Scientists have expressed concern over the fact that the Sun has gone completely blank for the second time this month, something it hasn’t done...

Volcanoes Erupting All Over The World: Is Something Happening To The Earth’s Core?

You may have already seen the headlines: Italy’s Mount Etna recently spewed an impressive amount of lava during what is now its second eruption...

Conspiracy theories vs. government dupes

Recent studies by psychologists and social scientists in the US and UK suggest that contrary to mainstream media stereotypes, those labeled “conspiracy theorists” appear...