On his third day in office, Donald Trump has managed to make me and lot of other progressives happy by cancelling America’s signature to the Trans Pacific Partnership (TPP). This trade agreement took all eight years of the Obama presidency to get finalized. But ultimately, it was a bad deal on a number of levels.
Traditionally, Republicans favor such trade agreements while Democrats resist them. But the last two international trade agreements we’ve entered into were both negotiated and signed into law by Democrats — Bill Clinton on the infamous North American Free Trade Agreement and Obama on the TPP.
I had been publicly opposed to TPP almost from the beginning. While the vast majority of the agreement’s contents were not disclosed to the public, what we did know of it rankled me. The provisions on intellectual property — a subject that is near and dear to my heart — were egregious and threatened the sovereignty of the United States at a fairly fundamental level. The fact that it was negotiated completely in secret with only a few top business execs in the room made the whole thing reek of crony capitalism.
So I’m glad Trump pulled us out of TPP. He’s done a number of other things I disagreed with — some of them vehemently — but on this one, I think he got it right.