Trump to sign orders to renegotiate NAFTA, pull out of TPP

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Well, and we’re off. The Trump era begins.

We are absolutely for free trade. Free trade is a good thing. It raises the standard of living of many people. You know those giant TVs one can buy at Target for $400? Thank free trade – generally.

However it is important to note that deals like NAFTA and the TPP are not really about “free trade.” They are about managed trade and crony trade. These agreements work for the companies (and governments) that are involved in the negotiations. They often don’t work so well for those on the outside. And sometimes, as is the case with the TPP, these agreements actively erode American legal sovereignty.

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So good. Renegotiate. But one need not have an agreement to have “free trade.” Just let people trade across borders without a bunch of red tape.

Unfortunately we doubt that Mr. Trump is open to this perspective either.

(From Yahoo News)

U.S. President Donald Trump could sign an executive order as early as Monday intended to renegotiate the free trade agreement between the United States, Canada and Mexico, NBC News reported, citing an unidentified White House official.

In addition to wanting to renegotiate the North American Free Trade Agreement (NAFTA), the new Republican president also intends to sign an executive order pulling out of the Trans-Pacific Partnership (TPP), NBC reported.

Click here for the article.