However, Mr. Trump’s key points in response to Baker were: (1) that China could enter the agreement “through the back door,” which means that they are not an original or “front door” party to the agreement, and (2) that China’s currency manipulation has proven to be a big problem for U.S. manufacturing businesses, which neither the Bush II or Obama administrations have addressed successfully.
Rather than being the ignoramus that the Journal claims him to be, Mr. Trump is in fact correct on both points. The TPP is a “dockable agreement,” which means that, in the future, any country wanting to join the final deal can do so if it agrees to the full terms. Beijing has already expressed interest in joining the TPP, and recently, U.S. Secretary of State John Kerry actually went on record to invite both China and Russia into the fold.
Trump is also correct that the TPP lacks any enforceable provisions on currency manipulation (such as sanctions that would actually punish violators), as opposed to the TPP requirements for reporting on currency and meetings to discuss manipulation. In emphasizing this glaring omission, Mr. Trump focused on potential member China as an example but his remarks covered the free pass currently being given to known TPP manipulators such as Japan, Singapore, and Malaysia, and other potential TPP member-manipulators, such as Korea and Taiwan.
Rand Paul, who was either unable to follow Trump’s line of argument, or is fine with currency manipulation, interrupted to explain that China isn’t part of the deal. Ok, thanks, Rand, but Donald never said it was. And Trump is correct that China’s currency malfeasance has cost the U.S. dearly in terms of displaced factories and jobs, foregone wealth creation, loss of market share both at home and abroad, and diminishing power and influence.
Rand has likely been smoking too much of the weed he wants legalised. I’m sick of the media manufacturing Trump comments into mistakes when they absolutely are not.
One of the few Trump positions I dislike is his call to take foreign oil. Small disagreements such as this (not this specifically) have actually led EIC into treason against its purported mission of trade. EIC owes Trump an apology. Partisans need to see the big picture; Let’s not sweat the small stuff.