While many on the forum don't know much about trade between nations "Trade Wars" do have consequences. The Trump administration is heading towards one because of a lack of knowledge and incite. Canada had held out becoming a member of the TPP because of a number of issues that were resolved and is ready to sign the free trade treaty.
If the USA does decide in the future to become part of TPP it is highly unlikely they will be approved.
The United States will receive no preferential treatment if it decides it wants to rejoin the sweeping Trans-Pacific Partnership that Canada and its 10 countries were to sign Thursday, says a senior Canadian trade official…
The new TPP, known as the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership, or CPTPP, contains 22 provisions that were suspended from the original 12-country agreement, which included the U.S.
Under the terms of letting new members into the CPTPP, all 11 members would have to agree to lift those suspended provisions.
The TPP has significant benefits for the Canadian, Australian & NZ economies on farm products.
The likelihood of increased sales of beef, pork, soy & grains from Canada at the expense of the USA. Would those 3 countries ever allow the USA to join + Mexico?
The United States has “gone from being a leader to actually being the No. 1 antagonist and No. 1 source of fear,” said Jeffrey Wilson, head of research at Perth U.S.-Asia Center at the University of Western Australia. “If you’re a trade policy maker in Asia, your No. 1 fear is that Trump is going to take a swing at you.”
He added that such fears could prompt countries, however reluctantly, to tether themselves more closely to China. “The U.S. is really delivering the region to China at the moment,” Mr. Wilson said.
The new agreement — known as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership — will drop tariffs drastically and establish sweeping new trade rules in markets that represent about a seventh of the world’s economy. It will open more markets to free trade in agricultural products and digital services around the region. While American beef faces 38.5 percent tariffs in Japan, for example, beef from Australia, New Zealand and Canada will not.
https://www.dailykos.com/stories/2018/3/8/1747465/-It-turns-out-that-the-TPP-is-bad-for-the-USCanada has already signed a free trade agreement with the EU which will be beneficial in opening up trade and also getting European investment. If any of the European Automakers want to expand operations in North America now Canada is the obvious choice.
Even USA manufacturers will look at Canada look at the Ford 150 it is built primarily out of Aluminum. Would it not be desirable to move production from Kansas City to Canada?
