Montana producers know intuitively that a “bull in a china shop” approach to trade does not work. Those concerns began when Trump withdrew from the Trans-Pacific Partnership, which according to the American Farm Bureau had the potential to increase annual net farm income for American producers by over $4 billion. Joining 11 other Pacific Rim countries in the partnership would have demonstrated America’s leadership in the area and given us greater leverage in negotiations with China.
The 11 other countries signed a Trans-Pacific Partnership agreement without the United State, which allows member countries like Australia and Canada to sell wheat and beef to Japan, also a member of the new partnership, at prices that are now more competitive to the U.S. than before the trade deal was put together.
If the U.S. had not withdrawn from the Trans-Pacific Partnership that Mexico, Canada and the U.S. had all agreed to, then the TPP would have superseded any lesser environmental and labor requirements in NAFTA, which would have been positive for the United States.
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