The TPP lowers U.S. tariffs to zero, giving our competitors unfettered access to the U.S. market while some other countries are allowed dramatically longer periods of time to open their markets.
The ability of other countries, like Vietnam, to maintain their tariffs for significant periods of time will provide further incentives for U.S. companies to outsource production and offshore jobs and use Vietnam as an export platform to send their products back to the U.S. A good example of this is our experience with China where more than 45% of the products produced by foreign-invested enterprises are exported to the U.S. rather than sold to Chinese consumers.
According to an initial analysis published in the Wall Street Journal, the U.S. market access concessions alone will increase the U.S. trade deficit in manufactured goods and autos and auto parts by more than $55 billion dollars resulting in the loss of more than 330,000 jobs.
Tariffs are not the only impediment to U.S. exports to TPP countries. The TPP countries with whom the U.S. does not have existing free trade agreements with have utilized various market access impediments as well as maintain state-owned enterprises and non-market economic policies (Vietnam) to ensure the success of their companies. The TPP will do little to ensure that access for U.S. exports will increase to offset the flood of imports that are anticipated.
CONTINUED...
I’m sure Rush Limbaugh, the pro American mayor of Realville, will be all over this on Monday. /sarcasm
TPP - What idiot thought
“Hey I got a great idea” “Let’s make the whole world a 3rd world country”
Thank you Ted Cruz for enabling this stinking Obamatrade mess with your campaign to pass TPA. How principled and conservative of you.
And then new one....something about integrating the EEC into it all.
The true architects of TPP...
M A K E T H I S G O V I R A L
The Money Masters
https://www.youtube.com/watch?v=XbEu-OLMKLQ
Predator Nation: Corporate Criminals, Political Corruption, and the Hijacking of America
http://www.amazon.com/Predator-Nation-Corporate-Criminals-Corruption-ebook/dp/B005DXOQMC
Debt Slavery
https://www.youtube.com/watch?v=bKwO1onXAaI&list=RDbKwO1onXAaI#t=127
M A K E T H I S G O V I R A L
Trump is on the right side of this - the other guy stepped in it when he helped enable the TPP.....
I knew that was what they were waiting for.