Arab Today, arab today us presidential race finds an odd bogeyman
Last Updated : GMT 20:24:35
Arab Today, arab today
Arab Today, arab today

A leader of the free-trade movement

US presidential race finds an odd bogeyman

Arab Today, arab today

Arab Today, arab today US presidential race finds an odd bogeyman

Democratic presidential candidate Hillary Clinton
Washington - Arab Today

The United States has long been a leader of the free-trade movement around the world, and President Barack Obama set major trade treaties at the center of his economic initiatives.

Which makes it all the more odd that free trade has become a certified villain among candidates battling to succeed Obama in the White House.

And while it is not uncommon for Democrats to criticize free trade, the candidates of the Republican Party, long a defender of free trade, are falling over each other to demonstrate who is more protectionist.

That has raised questions over whether the next occupant of the White House will pursue ratification of one of Obama's signal achievements, the Trans-Pacific Partnership trade deal (TPP), and complete negotiations on another, the Transatlantic Trade and Investment Partnership (TTIP).

On the Democratic front, Hillary Clinton, who supported the TPP talks as Obama's secretary of state, now tells voters she does not like the pact.

"I don't believe it's going to meet the high bar I have set," she said.

"We've learned a lot about trade agreements in the past years, sometimes they look great on paper," she said, pointing to the 2012 bilateral trade treaty with South Korea.

"Looking back on it, it doesn't have the results we thought it would have," she said.

Socialist rival Bernie Sanders, who is trailing Clinton, is firmer in his opposition.

He said the TPP would be "disastrous" for American workers and serves only corporate needs in a "race to the bottom."

- Republicans equally critical -

Among Republicans, the tone is hardly different.

Donald Trump, the real estate tycoon leading the pack, said the TPP "is going to lead to nothing but trouble" and has declared he would hit Mexico, China and Japan with high tariffs.

"Let's slap a 45 percent tariff on Chinese imports," Trump declared in January.

In a debate Thursday night, Trump's main rival Senator Ted Cruz declared: "I opposed TPP, and have always opposed TPP.... We?re getting killed in international trade right now."

Such rhetoric has made US business, which has strongly backed both of Obama's pacts, nervous.

"We are concerned the prescriptions that have been offered are even worse than the disease," John Murphy, senior vice president for international policy at the US Chamber of Commerce, told AFP.

"Trade has been a huge part of the recovery."

The new tone is deeply at odds with the US history of championing open borders and low tariffs.

In 1994 Democratic president Bill Clinton completed the controversial North American Free Trade Agreement that lowered barriers on trade with Canada and Mexico.

In his wake Republican president George W. Bush pushed ahead with a number of bilateral and regional trade pacts.

Obama's TPP and TTIP pacts are far more ambitious, extending well beyond trade in goods to setting standards for investment and technology.

He called them "agreements for fair and free trade that level the playing field for our workers, open new markets for our businesses."

"These kinds of agreements reflect the realities of a 21st century economy," he said last year.

- Angry voters -

But American voters do not appear persuaded, and the White House candidates understand that.

"What we are seeing is the consequences of trade policies that for years have never focused on helping Americans adjust to rising global economic competition," said Edward Alden, a trade expert at the Council on Foreign Relations.

Critics point to the downturn in US industry over the past two decades. Since 1994 the number of workers in manufacturing has dropped by 30 percent.

"There were a lot of people left behind by the globalization and they're showing in this election that they're upset about it," he said.

The secretiveness of TPP and TTIP negotiations has also stoked opposition.

"The time when you just negotiated and came to an agreement and people said, 'hmmm, that's fine' -- those times are gone," said the European Union's chief trade negotiator Cecilia Malmstroem on a visit to Washington.

"People want to be involved, they want transparency."

If the change in tone persists after Obama's successor moves into the White House in January 2017, it could make it much harder for the Europeans to strike a TTIP deal with Washington.

But the Chamber's Murphy said that the reality of the need to support ever-liberalizing trade rules will quickly come to the next president, as it did Obama.

"We've been there before. There's a long tradition in American politics that the new occupant of the Oval Office often finds that trade is a tool needed for economic prosperity and national interests."
Source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us presidential race finds an odd bogeyman Arab Today, arab today us presidential race finds an odd bogeyman

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us presidential race finds an odd bogeyman Arab Today, arab today us presidential race finds an odd bogeyman

 



Arab Today, arab today
Arab Today, arab today Arab tradition glitters in Colombia

GMT 12:59 2017 Thursday ,19 October

Arab tradition glitters in Colombia
Arab Today, arab today Second US judge orders freeze

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Silent Republicans have their reasons

GMT 16:55 2017 Thursday ,19 October

Silent Republicans have their reasons
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Hussein Fahmy happy for honoring in festival

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 18:29 2017 Sunday ,03 September

Designer produced new set of ornaments

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 19:29 2017 Tuesday ,29 August

Yomna: decoration leaved positive effects
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday