The Trans-Pacific Partnership trade agreement is a continuation of other disastrous trade agreements, like NAFTA, CAFTA, and permanent normal trade relations with China.
I rise to oppose the Central American Free Trade Agreement, known as CAFTA, the latest expression of the disastrous trade policies of this administration which are, unfortunately, a continuation of the disastrous trade policies of previous administrations.
[Donald Trump] is talking a lot about redoing trade and that's the area that is getting globalists nervous. Number one, they want certainty. They do not want to see a disruption in trade. He's promising to rip up NAFTA, redo NAFTA. He's not going to do the Trans-Pacific Partnership, the TPP trade with Asia.
Donald Trump has been rejecting the idea of trade agreements like NAFTA, like the Trans-Pacific Partnership.
Hillary Clinton has supported virtually every trade agreement that has been destroying our middle class. She supported NAFTA and she supported China's entrance into the World Trade Organization, another one of her husband's colossal mistakes and disasters. She supported the job-killing trade deal with South Korea. She supported the Trans-Pacific Partnership which will not only destroy our manufacturing, but it will make America subject to the rulings of foreign governments. And it's not going to happen.
During the 1999 debate over Permanent Normal Trade Relations with China President Bill Clinton said, 'In opening the economy of China, the agreement will create unprecedented opportunities for American farmers, workers and companies to compete successfully in China's market. WRONG: Our trade deficit with China has increased from $83 billion in 2001 to a record breaking $342 billion in 2014.
I would like to believe that TPP will lead to more exports and jobs for the American people. But history shows that big trade agreements - from NAFTA to the Korea Free Trade Agreement - have resulted in fewer American jobs, lower wages, and a bigger trade deficit.
More broadly, Prime Minister Lee [Hsien Loong] and I will work to advance the US-Singapore partnership across the board. We're committed to sustaining the dynamism of our economies with the Trans-Pacific Partnership - the highest-standard trade agreement ever - which will support trade and innovation in both our countries.
Americas largest trade deficit is with China, a nation that enjoys Permanent Normal Trade Relations with the U.S. and ties its currency to the dollar to make it a more competitive trading partner.
I`ve said this when I pass the trade promotion authority law, which allows us to get trade agreements. If we write the rules of the global economy, we will succeed in the 21st century. But we have to write those rules, we have to engage, and I think the president [Donald Trump] said Trans-Pacific Partnership is not the way to do it.
Not only must we fight to end disastrous unfettered free trade agreements with China, Mexico, and other low wage countries, we must fight to fundamentally rewrite our trade agreements so that American products, not jobs, are our number one export.
Trade means jobs, but trade also means security. The time has come for all of us to urge the swift adoption of the Trans Pacific Partnership.
There's a lot of exaggerated talk about CAFTA, but it's actually a fairly routine trade agreement. Although it involves fairly small nations, they're still more important trade partners than places like Australia or many other larger nations.
I'm supporting Donald Trump because Donald Trump is against this trade deal, this Trans Pacific Partnership, this job-killing trade deal that is going to bring cheap labor into this country.
That means we get other countries to play by our rules. You add up all the countries that we have trade agreements with, we have a surplus with them. You add up the countries we do not have a trade agreement with, that`s where a massive trade deficit comes from. So our goal is to get free trade agreements, and that means we get other countries to play and live by our rules so we can level the playing field.
Jobs is the one area where I think Donald Trump is striking a chord that really resonates and should resonate. Both parties need to do a better job of rejecting poorly negotiated trade agreements. And I would put the president's TPP, the Trans-Pacific Partnership agreement, in that category. We have lost thousands of manufacturing jobs just in the state of Maine alone, and that resonates with people, and understandably so.
Trump said we got snookered. That those agreements like NAFTA were the worst agreements ever and suggested that our trade negotiators were snookered by these smart negotiators from Mexico or Africa. It is laughable. I have watched these trade negotiations. We got what we wanted.