Martian2
SENIOR MEMBER

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Vietnam is a developing country. It has special powers under the WTO to set up temporary tariffs and protections until it becomes a developed country.Sure,TPP dont break WTO rules, but we can make more policy, more rules to stop importing products from none TPP nations.
VN just created new vehicle import policy ( we call it 116 decree) . That decree doesnt break WTOs rule, but it immediately stop all cars imported from Indonesia to VN .
JP and other TPP nations can make the same decree like VN 116 decree that will stop all TWs chips but doesnt break WTOs rules, so that JP can sell her chips to make money.
Japan cannot emulate Vietnam. Japan is classified as a developed country and its tariffs are strictly regulated by the WTO.
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You keep seeking a way to gain tremendous economic advantage through protectionism via the TPP. It doesn't exist.
The WTO created a worldwide system where the trade rules are fair.
It just happens that China excels in economic competition when the playing field is level. China has greater economies of scale, possesses advanced technologies, and has an authoritarian government that can mandate automation throughout Chinese manufacturing plants to increase production efficiency.
The only way to challenge China or Taiwan is to pull out of the WTO. However, if the Europeans and China decide to stay in the WTO and continue trade then the US is at a severe disadvantage.
Hence, the United States is unlikely to pull out of the WTO. If the US, China, and EU stay in the WTO then the TPP will have little effect.
By the way, only the US Congress can withdraw from the WTO. President Trump does not have that power. NAFTA was an exception and its trade treaty terms specifically stated that the US president could pull out of NAFTA with six months notice.
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