A Quote by Joseph Stiglitz
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.
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To someone like me, who has watched trade negotiations closely for more than a quarter-century, it is clear that U.S. trade negotiators got most of what they wanted. The problem was with what they wanted. Their agenda was set, behind closed doors, by corporations.
I think that the European Union negotiators have gotten a shock. They were shocked when they realised the Brexit trade negotiations were not just going to be a continuation of those that happened under Theresa May.
The Trans-Pacific Partnership trade agreement is a continuation of other disastrous trade agreements, like NAFTA, CAFTA, and permanent normal trade relations with China.
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.
Using the greatest business people in the world, which America has, I am going to turn our bad trade agreements into great trade agreements.
Donald Trump has been rejecting the idea of trade agreements like NAFTA, like the Trans-Pacific Partnership.
NAFTA is a horrible agreement, one of the worst trade deals ever. It's just one of the worst. Although TPP, which I terminated before it got signed - before it got finished, someday hopefully people will be thanking. That would have been one of the great disasters of all times, in terms of trade.
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.
If we want more trade in the world, we should establish bilateral trade agreements with other democratic countries. That way we can control the decision-making process. The major economic countries of the world will enter into those agreements.
During the debate over NAFTA President Clinton said, 'I believe that NAFTA will create a million jobs in the first five years of its impact.' WRONG. According to the Economic Policy Institute, NAFTA has led to the loss of more than 680,000 U.S. jobs. I voted against NAFTA and other bad trade agreements and am fighting to stop the TPP.
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.
While trade agreements are negotiated in secrecy, behind-closed doors, we have learned enough from leaks to know that the result of passing TPA to 'fast track' these trade agreements would affect everything from food safety to environmental protection to consumer financial protections.
If we're going to do trade agreements, as we should, we need trade agreements with rules that will lift up all boats, rather than continuing to pull down U.S. food safety standards, U.S. worker wages, environment, all that these job losses and all that this has done to pull down our standards.
This conclusion of trade agreements that go beyond the scope of mere tariff agreements, customs agreements, are most important and I'm very pleased we were able to bring this to fruition between Canada and the E.U. We've made great progress, particularly if we look at one of the great global issues, namely climate protection, without the engagement of the current administration under the leadership of Barack Obama, this Paris agreement would never have come about.
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.
Well, the sugar guys have been dealing with NAFTA ever since it passed. Now we've got Mexico dumping sugar that's subsidized by the Mexican government into our market in violation of the World Trade Organization, because NAFTA gave them open access to our sugar market. They claim they're not subsidized, but the government owns half the industry in Mexico.
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