The rhetoric against U.S. free trade deals, such as the Trans-Pacific Partnership (TPP), has increased during this year’s presidential debates. For example, former Secretary of State Hillary Clinton shifted her support away from the TPP once the deal was complete. Presidential candidate Donald Trump has been vociferous against unfair trade practices and has focused his attention on China. On the other hand, President Barack Obama argues in favor of the TPP and established the National Export Initiative to double U.S. exports between 2010 and 2015. So, what is the truth in all of the rhetoric? Are the candidates protectionists, free trade advocates or somewhere in between? What do free trade deals mean for the U.S. economy and the business community?
I will answer these questions today at the Redondo Beach Rotary Club. My presentation will guide the audience through the noise to have a clearer understanding of the actual positions of the candidates. The talk will go further to adequately explain the TPP and the Transatlantic Trade and Investment Partnership (T-TIP) agreement, which is currently being negotiated with the European Union. Finally, the talk will explain how previous trade deals have impacted the U.S. economy and particular sectors such as manufacturing and services.