LONDON — Two of the world’s biggest trading blocs are cautiously eyeing closer ties to short-circuit Donald Trump’s tariffs.

The European Union and a 12-nation Indo-Pacific bloc are opening talks to explore proposals to form one of the largest global economic alliances, multiple people with knowledge of the talks told POLITICO.

Canada is spearheading the discussions after Prime Minister Mark Carney called on middle powers to buck trade war coercion last month, days after Trump threatened to raise tariffs on Denmark’s European allies if it didn’t cede Greenland.

Ottawa is “championing efforts to build a bridge between the Trans-Pacific Partnership [CPTPP] and the European Union, which would create a new trading bloc of 1.5 billion people,” Carney told world leaders and the global business elite in Davos.

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[–] 25 points 8 months ago (1 child)

I like the idea of working around the US. But, I don't like that these trade deals are typically designed to help big businesses, not individuals. Like, even back in the good ol' days when NAFTA was in place, maybe Canadian businesses could import from the US without any tariffs. But, I, as an individual consumer, couldn't buy something from the US without being hit with a big duty payment. In addition, the deals often have things in them that prevent participating countries from having sane laws if those laws interfere with businesses at all. For example, the only reason that anti-circumvention measures exist in Canada is that it was a condition of trade deals that Canada adopt the worst parts of the DMCA.

Future deals should allow individual people to buy things cheaply overseas, and not just allow businesses to do that. They should also address the freer movement of people between countries. And, they shouldn't prevent countries from adding laws that protect people or the environment.

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  • [–] 7 points 8 months ago

    You could buy American-made products duty free. You could not buy anything available in America without paying duty, provided those items would have duty or additional taxes applied if they were imported into Canada. So, taxes on American alcohol, because we have additional taxes on alcohol. Taxes on Chinese goods in America, because we have different tariffs in Canada than they do in America. Etc., etc.

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  • [–] 10 points 8 months ago

    good. I was unaware of the CPTPP.

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  • [–] 10 points 8 months ago

    The world is slowly cutting off trade with the Untied States. And deservedly so. Put the Untied States on time out until it behaves

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  • [–] 2 points 8 months ago

    Good on her ☕

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  • [–] 5 points 8 months ago* (6 children)

    The European Union and a 12-nation Indo-Pacific bloc

    Politico forgetting the UK is a CPTPP country as well.

    I remember a lot of jokes from EU politicians about how silly an idea it was. How the turn tables eh?

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  • [–] 4 points 8 months ago (5 children)

    No need to gloat. You’re still not in the EU. Happy with your blue passport, eh?

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  • [–] -3 points 8 months ago (4 children)

    Hmm, pretty sure there's been plenty of gloating from your side bud.

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  • [–] 3 points 8 months ago* (3 children)

    I started warning against Brexit around 2013, but I have to admit that witnessing the slomo carcrash since has had a few itoldyouso moments.

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  • [+] -8 points 8 months ago (2 children)

    You've fallen for the propaganda I'm afraid. Goods trade is down, but services is up. Net effect is fuck all.

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  • [–] 5 points 8 months ago (1 child)

    Yes you are right; it seems I’ve been listening too much to the guardian and my British friends who have lost their jobs. And to the man in the street that I talk to during my vacations in the uk. Mea culpa!

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  • [+] -8 points 8 months ago* (last edited 8 months ago)

    Feelings are not facts though. And the Guardian is not a great place to get unbiased views on leaving the EU.

    Brexit affected the middle class, yacht owning, ski holidaying, villa in Tuscany crowd a bit. Boo fucking hoo.

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  • [+] -17 points 8 months ago (11 children)

    CPTPP is such a stupid name. Say what you will about the US, but at least they try to get good acronyms for everything

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  • [–] 34 points 8 months ago (4 children)

    Its just a perfunctory acronym.

    Same as the US ones ever were..

    AUSFTA. BUSFTA. DRCFTA. CUSFTA. USCFTA. PUSTPA. TTIP. NAFTA. FTAA. USTFTA.

    Yeah, they really roll off the tongue.

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  • [–] 11 points 8 months ago (3 children)
  • [–] 16 points 8 months ago* (2 children)

    The point of listing the others is that NAFTA being pointed to as a 'good sounding' or 'well-named' acronym is that it's completely by accident.

    The US almost always titles their trade agreements [country initial]USF(ree)T(rade)A(greement), and their title becomes their acronym.

    Near zero thought goes into it.

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  • [–] 6 points 8 months ago

    It sounds like someone blowing a raspberry. The terrible name notwithstanding, I hope Carney can pull this off. I found him a bit disappointing in his first quasi-year in office but this would really deliver on his promise of Canada being a leader of the middle powers.

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    7 comments in c/canada@lemmy.ca view that post
    [–] 10 points 8 months ago

    Watching a super power self destruct from within because of one grifter is quite an experience.

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  • [–] 10 points 8 months ago

    I read mega wrong, I hate Trump and his maga army of followers.

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  • [–] 35 points 8 months ago (3 children)

    Donating to get Carney elected is one of the best political decisions I’ve ever made.

    Legitimately I’m proud of the work he’s done in under a year.

    Canada is not broken, but we did need better leadership and to really come together and work as a team again.

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  • [–] 23 points 8 months ago (2 children)

    I agree that we were on the edge of a disaster with Poilievre, but Carney is acting like a 2000's conservative wet dream on environnemental issues and in many other fields.

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  • [+] -11 points 8 months ago (2 children)
  • [–] 14 points 8 months ago (1 child)

    Nothing, I've just realize that everything is perfectly fine with the environment. My bad.

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  • [–] 1 point 8 months ago

    There was no business case I recall these exact same ministers saying.

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  • 1 comment in c/FuckTheUSA@lemmy.ca view that post
    [–] 1 point 8 months ago

    Cautiously optimistic.

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  • 1 comment in c/worldnews@aussie.zone view that post
    [–] 4 points 8 months ago

    I'd support any initiative that strengthens our relationship with the EU and puts distance between us and the US. The EU is of course far from perfect, but they seem to be the closest thing to a sane global power these days. It's past time for all countries to decide whether they're going to prioritise human rights and stability, or the whims of oligarchs, because the two seem to be mutually exclusive.

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