Obamatrade aka the TransPacific Parthership (TPP) is misleadingly called a “trade agreement.” But only two of its 26 chapters actually cover trade issues such as tariffs and quotas. Obamatrade
is really an expansive system of enforceable global government that the Obama administration is negotiating with eleven Pacific Rim nations: Vietnam, Brunei, Singapore, Chile, Malaysia, New Zealand, Australia, Japan, Canada, Mexico and Peru.
Obamatrade would impose one-size-fits all international rules to which U.S. federal, state and local law would be forced to conform. It would also give preferential treatment to foreign banks and other firms operating here, exempting foreign companies in the US from financial, environmental and land use regulations that US businesses would still be required to obey.
Obamatrade would subject the U.S. to the jurisdiction of two systems of foreign tribunals, including World Bank and United Nations tribunals. These foreign tribunals would be empowered to order payment of U.S. tax dollars to foreign firms if U.S. laws undermined the foreign firms’ new special privileges.