New Trade Deal Ensures Trucks Will Be Made On US Soil

In the landmark Asia-Pacific free trade deal reached among the United States and 11 other nations, U.S. automakers won a lengthy delay of the phaseout of tariffs that protect domestic truck production.

The agreement makes it easier for Detroit’s Big Three to export vehicles to Japan. But it doesn’t include rules, which the automakers have long sought, against currency manipulation that makes their vehicles too pricey for many foreign buyers.

The Trans-Pacific Partnership was unveiled Monday among the United States, Japan, Canada, Mexico and eight other nations. Eight years of negotiations came to a close after nearly a week of talks resolved final disputes over dairy products, pharmaceutical drugs and automobile export rules. The deal encompasses 40 percent of the world’s economy and a third of all global trade.

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jameswisrik - 10/7/2015 6:42:01 PM

+1 Boost

EVERY COUNTRY MANIPUATES THEIR CURRENCY...THEREFORE IT WILL NOT BE IN ANY AGREEMENT EVER...

THERE IS NO SUCH THING AS "FAIR TRADE". SOMEONE WILL ALWAYS LOSE. USUALLY A SMALLER ECONOMY COUNTRY.

A TRADE DEAL MIGHT BE GOOD FOR A COUNTRY FOR A PERIOD OF TIME...BUT LIKE A ROLLER COASTER...THERE IS ALWAYS UPS AND DOWNS. EVERY COUNTRY WANTS TO PROTECT THEIR JOBS.