opffunny.blogg.se - A Naked View of the Trans-Pacific Partnership by Timothy Barnes

The TPP would have given the United States an excuse to intervene in trade disputes in the oil-rich South China Sea. It was meant to balance the trade dominance of both China and India in East Asia.

Offset China's economic power: Notably, the TPP excluded China.

Bigger than NAFTA: The TPP trade area would have been bigger than the North American Free Trade Agreement (now the U.S.-Mexico-Canada Agreement), currently the world’s largest.

workers: The agreement would have added $223 billion a year to the incomes of workers in all the countries, with $77 billion going to U.S. The TPP would have evened the playing field. Of these, the United States had already allowed 80% of these imports to enter without tariffs. Removed tariffs: It would have increased exports by removing 18,000 tariffs placed on U.S.It would benefit the machinery, auto, plastics, and agriculture industries. exports would increase by $123.5 billion.

It would have increased exports by $305 billion per year by 2025. This would have created more jobs and prosperity for the 12 countries involved. exports and growth: The original TPP would have boosted U.S.