The United States has formally withdrawn from the Trans Pacific Partnership, a trade agreement that would create a trade partnership among 12 Pacific Rim countries if it had gone into effect.
1. Discuss the pros and cons of the TPP.
2. Analyze how eliminating tariffs through the Trans Pacific Partnership would affect two companies, Nike and New Balance and discuss whether the benefits of eliminating footware tariffs would greatly help the US economy or eliminating tariffs would damage the US economy by shutting down America's few domestic footwear factories
New Balance Wants Tariffs, Nike Doesn't https://www.businessweek.com/articles/2012-05-03/new-balance-wants-its-tariffs-dot-nike-doesnt#r=lr-fst
Before you start your discussion, please watch the following short videos. In the first video, Senator Sanders is opposing the TPP, in the second video President Trump is criticizing the TPP, in the third video President Obama is supporting the TPP.
Sanders speech on TPP (about 4 minutes) https://www.youtube.com/watch?v=4BDNa9Iu634 (Links to an external site.)
Trump's speech on TPP (about 4 minutes)
https://www.youtube.com/watch?v=kihtDxtcZ54 (Links to an external site.)
Obama's Tpp speech (about 5 minutes) https://www.youtube.com/watch?v=tXQnti9xtHo (Links to an external site.)
You can use the following to learn more about Trans Pacific Partnership (More information is on Week 8 Additional Readings in Lessons Tab and in Shared Resources Module 3)
https://www.youtube.com/watch?v=4juvjcRfChM (Links to an external site.)
TPP Explained https://www.nytimes.com/interactive/2016/business/tpp-explained-what-is-trans-pacific-partnership.html (Links to an external site.)
The Trans Pacific Partnership: Who Wins, Who Loses, Why It Matters? https://www.latimes.com/nation/politics/politicsnow/la-pn-trans-pacific-partnership-20140219,0,6747764.story#axzz2vytVO6Yp (Links to an external site.)