Election proves US is the home of the crazy and brave
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Key among potential economic effects for Australia under either president Trump or Clinton is the stalled Trans Pacific Partnership trade agreement, designed to turbocharge $22.1 billion in Australian exports to the US through the elimination of 98 per cent of tariffs across a 12-nation regional free-trade pact.
Mr Trump has lambasted such free-trade deals, arguing they have gutted US manufacturing. Mrs Clinton, responding to the electoral hot-button issue, has equivocated over future support for the TPP.
“If the Obama administration and Congress cannot get TPP done in the lame duck session, then TPP will be nearly a dead letter,” said Dr Bates Gill, of the Australian National University’s Strategic & Defence Studies Centre.
A Clinton presidency could revive the deal after the 2018 mid-term elections but the agreement would be doomed under Mr Trump, Dr Gill said.
Read the full article Election proves US is the home of the crazy and brave in the Herald Sun.