Economical Questions
Anonymous

Question Description

There are two economic based questions below and I expect economic based answers. I realize there were political aspects and wrangling over these topics but I want discussions focused on economic factors. Essays and responses are not to include definitions, historical perspectives, talking points, or personal attacks. References to individual must include a title where applicable, i.e., President Clinton, not Bill Clinton; Vice President Gore, not Al Gore.

President Trump has withdrawn the United States from inclusion in the Trans-Pacific Partnership (TPP).

  1. What does this mean for the United States?
  2. What impact will this have on the remaining countries?
  3. What countries win; what countries lose?
  4. Compare and contrast some of TPP’s good and bad points.
  5. Would this have been a good agreement for the American worker?
  6. Would this have been a good agreement for the American consumer?
  7. How would have implementation of TPP impacted the United States balance of trade and trade deficit.
  8. If you were the sole decision maker for the implementation of TPP, what would you have done and why?

President Trump wants to renegotiate The North American Free Trade Agreement (NAFTA).

  1. What do you see as short-term and long-term trade effects?
  2. Is renegotiation good for the American worker?
  3. Is renegotiation good for the American consumer?
  4. How will renegotiation of NAFTA impact the United States balance of trade and trade deficit.
  5. How will renegotiation impact union labor?
  6. How will renegotiation impact employment?
    • What sectors will be benefited?
    • What sectors will be impacted?
  7. If you were the sole decision maker for the possible renegotiation of NAFTA, what would you do and why?

Final Answer

Attached.

1
Running head: ECONOMIC QUESTIONS

Economic questions.
Student:
Institution:

2
ECONOMIC QUESTIONS
President Trump has withdrawn the United States from inclusion in the Trans-Pacific
Partnership (TPP).
President Donald Trump took this step to curb the movement of American Jobs to other
countries overseas with fewer labor protections and lower wages. This was to guarantee just and
fair world economy but for the US it meant more than the creation of jobs for the American
workers.
This affected the US economy in that the businesses were hindered to accessing foreign
new markets. This TPP removal had a significant loss to the farmers as they were blocked to
access the international markets to sell their products. This move would affect the opportunity to
promote American exports, open new markets, reduce the trade barriers and protect American
innovations and inventions.
This action being a recent one the effects are yet to be realized to determine whether it
was a good move or it was a not. Currently, there is a mixed reaction as this move was against
free trade policy and globalization factors which are very crucial for the economic growth and
development as it provides all nations equal opportunities. This could have a significant effect at
the long-run on the United States ability to maintain its leadership an...

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