Trump says U.S. won't be 'taken advantage of anymore.' Hours later, Pacific Rim nations reach deal on trade without America.

Authored by washingtonpost.com and submitted by maxwellhill

Trump says U.S. won't be 'taken advantage of anymore.' Hours later, Pacific Rim nations reach deal on trade without America.

President Trump arrives to speak at the Asia-Pacific Economic Cooperation leaders' summit in Danang, Vietnam, on Friday. (Associated Press/)

DANANG, Vietnam — President Trump delivered a fiery speech on trade here Friday, declaring that he would not allow the United States to be “taken advantage of anymore” and planned to place “America first.”

And then, less than 24 hours later, 11 Pacific Rim countries collectively shrugged and moved on without the U.S.

On Saturday, the countries announced they had reached a deal to move ahead with the Trans-Pacific Partnership free-trade pact that Trump threw into question when he withdrew from it earlier this year.

The agreement represents something of a rebuke of Trump, coming near the end of his five-country, 12-day swing through Asia, and reflects the willingness of other nations to proceed without the buy-in of the United States.

A statement early Saturday trumpeted a breakthrough on the “core elements” of the trade agreement. “Ministers are pleased to announce that they have agreed on the core elements of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership,” it read.

The deal was originally expected to be announced Friday — the same day Trump addressed business leaders at the Asia-Pacific Economic Cooperation summit here, in a speech heavy on tough talk and protectionist rhetoric — but was delayed after Canada raised concerns.

The decision to move ahead with the TPP agreement, minus the United States, reflects how Trump’s decision to withdraw from the deal created a vacuum other nations are now moving to fill, with or without the president.

In his speech Friday, Trump struck an aggressive note, saying he believed the United States had for too long been the victim of poor trade deals.

“We are not going to let the United States be taken advantage of anymore,” he said. “I am always going to put America first, the same way that I expect all of you in this room to put your countries first.”

Instead, he said the U.S. was still a willing trade partner, but only for deals based on “mutual respect and mutual benefit.”

“I will make bilateral trade agreements with any Indo-Pacific nation that wants to be our partner and that will abide by the principles of fair and reciprocal trade,” he said. “What we will no longer do is enter into large agreements that tie our hands, surrender our sovereignty, and make meaningful enforcement practically impossible.”

A senior administration official, asked if the new trade announcement foreshadowed the United States being left behind in the region, rejected the notion, pointing out that “the president is here visiting and is part of the dialogue, and has already spent a significant portion of time talking to his allies and like-minded partners in Japan and South Korea.”

“We'll continue that conversation with many parties here,” the official said. “So we absolutely are engaged on the economic side, and we’ll continue to be so."

Ashley Parker is a White House reporter for The Washington Post. She joined The Post in 2017, after 11 years at The New York Times, where she covered the 2012 and 2016 presidential campaigns and Congress, among other things.

green_flash on November 11st, 2017 at 13:22 UTC »

The trade deal has not yet been finalized. There is however now an agreement about wanting to move forward with some sort of multinational free trade agreement among the 11 countries (Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, Peru, New Zealand, Singapore, Vietnam). The US apparently only wants to negotiate binational trade deals under Trump. We'll have to see how that works out.

It's important to understand that some of the parts that were widely considered problematic about the deal have been suspended:

Some 20 provisions of the original agreement were suspended. Those included some related to protecting labor rights and the environment, although most were related to intellectual property.

big_llihs on November 11st, 2017 at 13:00 UTC »

wait, now people are attacking Trump for leaving us out of the TPP? This is the same TPP that Reddit was almost unanimously against 1-2 years ago.

Prophet_Of_Loss on November 11st, 2017 at 11:35 UTC »

“There are people who wish I wouldn’t refer to China as our enemy. But that’s exactly what they are. They have destroyed entire industries by utilizing low-wage workers, cost us tens of thousands of jobs, spied on our businesses, stolen our technology, and have manipulated and devalued their currency, which makes importing our goods more expensive – and sometimes, impossible.” - Crippled America’ book - 2015

“China is neither an ally or a friend -- they want to beat us and own our country.” - Twitter - Sept. 21, 2011

“I beat the people from China. I win against China. You can win against China if you're smart. But our people don't have a clue. We give state dinners to the heads of China. I said why are you doing state dinners for them? They're ripping us left and right. Just take them to McDonald's and go back to the negotiating table.” - Campaign event in Bluffton, S.C. - July 21, 2015

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