"The problem with the 12-nation Trans-Pacific Partnership trade agreement isn’t that it is free trade, it is that it is not.
You cannot have free trade when even after a trade agreement goes into effect and tariffs are supposedly reduced many of our trading partners continue to levy what is in effect a currency tariff on U.S. goods while offering their goods to us at a discount.
So let’s stop calling it free trade.In truth, ignoring currency manipulation, subsidies and other de facto tariffs leaves the U.S. economy at a competitive disadvantage — and has done so for years.
In addition, the U.S. does not compete globally on cost in taxes, wages and regulations, making the U.S. one of the worst locations to produce goods and one of the best for foreign countries to have a trade agreement with.
If passed, the Trans-Pacific Partnership will continue to outsource production and jobs overseas, costing the U.S. economic growth, and harming the American people with flattening incomes, negligible job creation and weakening labor participation..."
No comments:
Post a Comment