Economical Questions

Economical Questions

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President Trump has withdrawn the United States from inclusion in the Trans-Pacific Partnership (TPP).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

Solution Preview

President Trump has withdrawn the United States from inclusion in the Trans-Pacific Partnership (TPP).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

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