Economics: Trading

Adrian Perez
Mr. Roddy
IHSS
January 29, 2019
Trading Economics




“The Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (CPTPP). Ministers from its 11 members issued a joint statement saying that they had agreed on its core elements, and that it demonstrated their “firm commitment to open markets”. The political symbolism was powerful. As America retreats, others will lead instead.” Essential what the article was saying was the countries around the Pacific Rim, had a trade deal together, they were all intertwined and had a trading process going, but with only three weeks into his presidency, Donald Trump had declared that the United States was out of that trade process. The trade process was the TPP (Trans- Pacific Partnership).
I feel that this article, let alone this topic, is very important, because it can very much affect the way the trading process work in the United States. It can make disagreements against the United States and other countries in the Pacific RIm. Not only does it affect the U.S, but it also could affect the way we trade. I feel that it was a mistake to pull us out of the TPP. We are the biggest trading export in the TPP, and since we pulled out, may of the other countries will have to rely on the other countries resources, or even there own to survive. It may not necessarily connect to the economic system, but it does have the trading aspec to it, to me that is what economics is. It only gives us the facts about the current state of the way we dropped back, and this post was posted in 2017, a two years ago, times had changed but not have heard anything about the TPP of Trump putting us back in. I feel the unanswered question we have to answer is how will the TPP operate now that the biggest trader has dropped out. Now i don't want to put my opinion in but, I feel that this was a very big mistake on Trump’s part, but we’re not going into that now.
More Information https://www.weforum.org/agenda/2018/03/11-countries-have-signed-trans-pacific-partnership

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