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Obama Deal Seeks to "Eliminate" Trade Barriers


Posted: May 22, 2015

Now Running $24.9B Trade Deficit With U.S. (CNSNews.com) - The Trans-Pacific Partnership that President Barack Obama is negotiating with 11 other nations seeks to eliminate both tariff and nontariff trade barriers with these countries, according to the Congressional Research Service. One of those countries is Vietnam, which the State Department says maintains a Communist regime. In 2014, the U.S. ran a $24,858,700,000 trade deficit with Vietnam, according to U.S. government trade data published by the Census Bureau. U.S. producers sold $5,724,900,000 in goods to purchasers in Vietnam. At the same time, producers in Vietnam sold $30,583,600,000 in goods to purchasers in the United States. Documents related to the TPP are currently classified. Members of Congress can only review them in a secured room. But a report published in March by the Congressional Research Service—“The Trans-Pacific Partnership (TPP) Negotiations and Issues for Congress”--describes the basic purpose of the deal the administration is seeking. ;

Sounds like Obamacare, sign it first to see what's in it, - this is exactly in line with

[ In Reply To ..]
Communist Goal #4 from The Naked Communist:

https://en.wikipedia.org/wiki/The_Naked_Communist

"At the same time, producers in Vietnam sold - $30.583,600,000 in goods

[ In Reply To ..]
to purchasers in the United States."

This is likely from relocated US factories and maybe some Chinese owned subcontractors producing goods for US firms. This sounds like another redistribution scheme.

What will probably happen in this "trade deal" is that - a few barriers will be removed

[ In Reply To ..]
making it cheaper for US firms located in Asia to ship goods back to the US for sale with little or no tariff charges.

The goal is to make it cheaper to locate US factories to cheap labor nations, and then remove any tariffs on goods shipped back to the US, like Nike.

Google "US Factories in Vietnam"

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