Laffer: If I Were in Congress I Would Vote for TPP

The transcript discusses the Trans-Pacific Partnership (TPP), highlighting its flaws and non-tariff barriers, particularly in Japan. The speaker suggests replacing TPP with a simple free trade deal, allowing unrestricted international trade except for strategic materials. The impact of President Trump's potential trade deal cancellations is considered minimal, and the speaker advocates for global trade negotiations, especially with English-speaking countries. Criticism is directed at the EU's trade policies, emphasizing the importance of competition among governments for prosperity.

What is one major flaw in the TPP according to the speaker?

• It has non-tariff barriers in Japan.

• It focuses only on agriculture.

• It includes too many countries.

• It is too transparent.

What does the speaker suggest as a replacement for TPP?

• A bilateral trade agreement with Japan

• A regional trade agreement

• A one-page free trade deal

• A multi-page detailed agreement

What is the speaker's view on the impact of tearing up existing trade deals?

• It will improve the economy immediately.

• It will have a small impact.

• It will have a significant negative impact.

• It will lead to a trade war.

Which countries does the speaker want to see in a free trade agreement?

• Asian countries

• All EU countries

• English-speaking countries

• South American countries

What does the speaker believe is the best form of competition?

• Competition among companies

• Competition among governments

• Competition among individuals

• Competition among trade unions