As a business owner, of a large multi-national company heavily invested in various non-physical IP-heavy "product", say, Disney, wouldn't Trump's move to pull the US out of the TPP not make me shit my pants with fear for the future?
One of the key provisions of the TPP was to force Asian countries to adhere to strict US copyright laws. And that makes sense, since IP companies' products are what the US really exports on makes money on - nobody is buying US fridges and ovens in large quantities. And if you can't get China to respect IP laws, then you have no future there.
Maybe I'm completely confused about the TPP, but I'm frankly pretty surprised the market's reaction so far has been one giant "meh".
One of the key provisions of the TPP was to force Asian countries to adhere to strict US copyright laws. And that makes sense, since IP companies' products are what the US really exports on makes money on - nobody is buying US fridges and ovens in large quantities. And if you can't get China to respect IP laws, then you have no future there.
Maybe I'm completely confused about the TPP, but I'm frankly pretty surprised the market's reaction so far has been one giant "meh".