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Jackson, Ryan[jackson.ryan@epa.gov] POLITICO Mon 8/7/2017 4:02:50 PM POLITICO SPECIAL REPORT: Trump's TPP trade pullout roils rural America
In moves that strike hard at President Donald Trump's rural base, the 11 other nations that participated in the now-defunct Trans-Pacific Partnership are pursuing 27 separate negotiations aimed at undercutting U.S. exporters, according to a POLITICO analysis.
The TPP, which Trump scuttled immediately after taking office, was a suspect deal to many factory workers. But for already struggling farmers, it was a chance to erase the punishing tariffs that prevented them from selling more beef, pork and dairy to such massive importers as Japan and Vietnam.
Now, POLITICO reports, the United States is already losing market share in exports of some agricultural products, while top competitors like the EU and Australia are looking forward to enormous cost advantages. Meanwhile, Trump has been slow to develop a trade strategy of his own. That has farming communities like Wright County, Iowa, which backed Trump by a 2-1 margin, reconsidering their faith in the president.
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