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The Trans-Pacific Partnership, Explained
This article in the NYT explains why the loss of jobs particularly in the auto industry to Mexico, with the experience of NAFTA passed by president Bill Clinton, has caused widespread opposition to the TPP trade agreement proposed by president Obama. Both Hillary Clinton and Donald Trump in 2016 oppose the TPP.
Trans-Pacific Partnership Trade Agreement- winners and losers
04/07/2011
A study by Prof. Petri of Brandeis University, shows economic output going up by 0.4% by 2025 or $77 billion for the U.S. as a result of the TPP agreement. Biologic drugs, with long term patent protection, software engineering services, high tech industry are the winners, losers are the Detroit auto industry facing higher imports, light manufacturing in textiles and paper, and some heavy manufacturing sectors. Douglas Irwin of Datmouth and other experts say it is not clear how much of the benefit will affect consumers and businesses in the U.S. Most of the tariff cut gains are already made and import duties as a percentage of total imports are down to 1.4% today. Experts say 4/5th of the benefits for the U.S. are not from tariff cuts but from new rules for trade in services, and new rules for investment and commerce. The agreement brings together Pacific area countries, including Canada, Australia, New Zealand, Chile, and Japan, Malaysia, Singapore and Vietnam. Agriculture is protected in Canada especially in Quebec, and in Japan, which means tough negotiations to open up this sector. Politically the TPP is a response by the U.S. and Japan to the Infrastructure Investment Bank set up by China with support from Europe and India.
Grouped Articles
Pacific Trade Deal Likely to Have Narrow Reach
Wall Street Journal 08/01/2015
Auto-Parts Dispute Taps the Brakes on Pacific Trade Deal
Wall Street Journal 09/04/2015
Why You May Soon See More Goods Labeled ‘Made in Vietnam’
Wall Street Journal 10/19/2015
Utah Senator, Crucial Ally for the Pacific Rim Trade Deal, Is Now Its Main Hurdle
New York Times 11/12/2015
McConnell warns that trade deal can’t pass Congress before 2016 elections - The Washington Post
Washington Post 12/11/2015
Trans-Pacific Trade Pact Would Lift U.S. Incomes, but Not Jobs Overall, Study Says
New York Times 01/25/2016
The Senate vote on the Trans Pacific Partnership (TPP) and fast track trade authority
05/22/2015
Grouped Articles
Senate Vote Is a Victory for Obama on Trade, but a Tougher Test Awaits
New York Times 05/22/2015
Obama Presses Currency Compromise in Trade Pact
Wall Street Journal 05/24/2015
Senate Passes Fast-Track Trade Legislation
Wall Street Journal 05/24/2015
Pelosi Rejects Appeals, Hands Obama a Trade Defeat
Wall Street Journal 06/13/2015
House Rejects Trade Measure, Rebuffing Obama’s Dramatic Appeal
New York Times 06/12/2015
Senate Clears Trade Bill’s Way to Passage
Wall Street Journal 06/24/2015
The U.S. sponsored Trans Pacific Partnership (TPP)
02/05/2011
Grouped Articles
'Three Amigos' Outline Trade Goals at Talks
Wall Street Journal 02/20/2014
In Mexico Meeting, a Show of Friendship With Few Results on Immigration and Trade
New York Times 02/19/2014
Lawmakers Introduce ‘Fast Track’ Trade Bill, Triggering Democratic Discord
Wall Street Journal 04/17/2015
TPP: Momentum on Trade Deal Bolsters U.S., Japan Efforts to Counter China
Wall Street Journal 04/17/2015
Wall Street Journal 04/17/2015
Obama Tries Tough Sale of TPP Trade Deal to Fellow Democrats
Wall Street Journal 04/18/2015
Krugman on free trade and the Trans Pacific Partnership Trade Pact (TPP)
02/27/2014
Grouped Articles
In the Heat of the Pacific Trade Battle
New York Times 05/22/2015
New York Times 05/22/2015
New York Times 02/27/2014
After Michigan Loss, Hillary Clinton Sharpens Message on Jobs and Trade
New York Times 03/09/2016
Free Trade Loses Political Favor
Wall Street Journal 03/10/2016
New York Times 03/11/2016
North American Free Trade Agreement (NAFTA)- An Assessment
10/30/2010
Grouped Articles
Mexico's economy: Bringing NAFTA back home
Economist 10/30/2010
After Michigan Loss, Hillary Clinton Sharpens Message on Jobs and Trade
New York Times 03/09/2016
Twenty Years Later, Nafta Remains a Source of Tension
New York Times 12/07/2012
Donald Trump Lays Out Protectionist Views in Trade Speech
WSJ 06/28/2016
What the New GOP Means for Wall Street
WSJ 07/19/2016
The Trans-Pacific Partnership, Explained
09/23/2016
NAFTA, Trans Pacific Trade Agreement, and free trade- shifting sentiment of the working class in America against trade that leads to loss of manufacturing jobs
03/09/2016
The sentiment against loss of manufacturing jobs as a result of trade agreements and free trade is strongest in midwestern states such as Michigan, Ohio, Illinois, which have seen the loss of manufacturing jobs hurt their economy. Especially hurt are younger less educated workers who see their job prospects diminish and wages drop. Bernie Sanders narrowly won the Michigan primary against Hillary Clinton by bringing up this issue in a barrage of ads.
Grouped Articles
After Michigan Loss, Hillary Clinton Sharpens Message on Jobs and Trade
New York Times 03/09/2016
Trade and Jobs Key to Victory for Bernie Sanders
New York Times 03/09/2016
Simmering for Decades, Anger About Trade Boils Over in ’16 Election
New York Times 03/29/2016
Why Trade Critics Are Getting Traction
Wall Street Journal 03/30/2016
Donald Trump Lays Out Protectionist Views in Trade Speech
WSJ 06/28/2016
Bernie Sanders: Democrats Need to Wake Up
The New York Times 06/28/2016
NAFTA and the 2016 U.S. presidential election
09/23/2016
Grouped Articles
Forget Trump’s Wall: For Mexico, the Election Is About Nafta
The New York Times 09/23/2016
The Trans-Pacific Partnership, Explained
09/23/2016
Clinton’s Substantial Popular-Vote Win
The New York Times 11/11/2016
Donald Trump Poised to Put Pressure on Nafta
WSJ 11/21/2016
Inside Donald Trump’s Economic Team, Two Very Different Views
WSJ 11/21/2016
Donald Trump’s Recent Policy Reversals Reflect Business Influence
WSJ 04/14/2017
U.S. Congressional opposition to giving trade promotion authority to president Obama, and fast track for TPP, other free trade pacts
02/26/2015
Grouped Articles
Lawmakers Introduce ‘Fast Track’ Trade Bill, Triggering Democratic Discord
Wall Street Journal 04/17/2015
TPP: Momentum on Trade Deal Bolsters U.S., Japan Efforts to Counter China
Wall Street Journal 04/17/2015
Wall Street Journal 04/17/2015
Deal Reached on Fast-Track Authority for Obama on Trade Accord
New York Times 04/16/2015
Obama Tries Tough Sale of TPP Trade Deal to Fellow Democrats
Wall Street Journal 04/18/2015
Obama Promotes Benefits of Trade Deals to Workers and Smaller Businesses
New York Times 02/26/2015
How teachers, firefighters and service workers union joined the opposition to the TPP and granting fast track trade authority in 2015, and why
06/12/2015
Firefighters and other service workers unions actively campaigned against the trade bills in Congress for the first time in 2015. The public sector unions now see how the closing of American factories, the decline in neighborhoods near plants, affects the demand for public services and the ability of cities and municipalities to pay for the public services. The decline in wages for industrial workers creates a negative perception for the higher wages in the public sector, reducing support from struggling industrial workers. The drastic drop in factory wages with globalization and the shrinking revenues of cities as incomes decline, is leading to a realization in labor that workers are affected in many ways by seemingly unrelated developments in trade and globalization. Another development is the expert information that shows the need for investment in infrastructure in the poorer countries of Latin America, and in the U.S., which would provide significant benefits. The benefits from trade tariff reduction are now small, as most of the benefits were achieved through earlier action in trade.
Grouped Articles
Labor’s Might Seen in Failure of Trade Deal as Unions Allied to Thwart It
New York Times 06/13/2015
Washington Dysfunction, With a Twist: Democrats Desert Their President
New York Times 06/12/2015
Unions Declare Partial Victory Against Obama’s Pacific Trade Deal
Wall Street Journal 06/15/2015
Washington Post 10/23/2015
McConnell warns that trade deal can’t pass Congress before 2016 elections - The Washington Post
Washington Post 12/11/2015
Trans-Pacific Trade Pact Would Lift U.S. Incomes, but Not Jobs Overall, Study Says
New York Times 01/25/2016
Issues raised in Letters to the Editor of the NYT and the WSJ on the Trans Pacific Partnership Trade Pact (TPP)
02/27/2014
The issues raised cover worker protections, and also include some that are not frequently mentioned. Including the right granted to large corporations in TPP to sue the U.S. and other governments on issues where the governments have acted in the public interest as it relates to the environment, health, safeguards related to poor industry practices. A letter to WSJ says president Obama is doing this to look like a centrist president for his legacy, and not for free trade. Separately Krugman points to the issue of intellectual property rights enforcement that has the potential of making it harder to provide access to modern medicine to people in developing countries, a serious pitfall. Response to criticism by the Obama administration has generally talked about the merits of free trade which are generally accepted, and not the specific provisions, or the context in which most of the gains in free trade have already been made in the seven decades to 2015 and the remaining gains are much smaller coming with some losses. The global economy now benefits more from investments in infrastructure both in developing and advanced economies, which is why China's Infrastructure Investment Bank has received such wide support, including EU countries and India. The Obama administration has failed to make the case for investment in infrastructure to the American public, at a time when large productivity gains can be made here following about 2 decades of neglect. A similiar situation exists in Germany, and is especially true of Latin American countries which have serious infrastructure problems that reduce economic growth.
Grouped Articles
In the Heat of the Pacific Trade Battle
New York Times 05/22/2015
New York Times 05/22/2015
New York Times 02/27/2014
No Obama Tears for TPA or the TPP
Wall Street Journal 05/22/2015
Obama Presses Currency Compromise in Trade Pact
Wall Street Journal 05/24/2015
Pelosi Rejects Appeals, Hands Obama a Trade Defeat
Wall Street Journal 06/13/2015
The debate over NAFTA, TPP trade agreements and loss of U.S. jobs in 2016
09/23/2016
Grouped Articles
The Trans-Pacific Partnership, Explained
09/23/2016
More Wealth, More Jobs, but Not for Everyone: What Fuels the Backlash on Trade
The New York Times 09/28/2016
The New York Times 11/08/2016
Donald Trump Poised to Put Pressure on Nafta
WSJ 11/21/2016
Inside Donald Trump’s Economic Team, Two Very Different Views
WSJ 11/21/2016
Trump Nafta Blueprint Raises Concerns in Canada and Mexico
WSJ 03/30/2017
The Trans Pacific Trade Agreement and trade issues dominating midwestern primaries in Michigan, Ohio and Illinois- loss of manufacturing jobs and Hillary Clinton's response
03/09/2016
Hillary Clinton puts more focus on loss of manufacturing jobs and opposition to trade agreements that hurts American workers following her narrow loss to Sanders in the Michigan primary of March 2016. Three fifths of Democratic voters in the Michigan primary saw this as a major issue, especially younger less educated workers who see their job prospects diminish and wages drop. Hillary Clinton has opposed the Trans Pacific Trade Agreement, yet supported this trade policy as part of the Obama administration. She was attacked on this same issue of trade during the primaries against Obama in 2008, at that time for support of Bill Clinton's NAFTA agreement with Mexico.
Grouped Articles
After Michigan Loss, Hillary Clinton Sharpens Message on Jobs and Trade
New York Times 03/09/2016
Trade and Jobs Key to Victory for Bernie Sanders
New York Times 03/09/2016
In Ohio, John Boehner’s GOP Legacy Crumbles With the Rise of Donald Trump
Wall Street Journal 03/11/2016
Simmering for Decades, Anger About Trade Boils Over in ’16 Election
New York Times 03/29/2016
Why Trade Critics Are Getting Traction
Wall Street Journal 03/30/2016
Barack Obama Endorses Hillary Clinton for President
WSJ 06/10/2016
Mexico and NAFTA
10/30/2010
Grouped Articles
Mexico's economy: Bringing NAFTA back home
Economist 10/30/2010
After Michigan Loss, Hillary Clinton Sharpens Message on Jobs and Trade
New York Times 03/09/2016
Donald Trump Lays Out Protectionist Views in Trade Speech
WSJ 06/28/2016
Forget Trump’s Wall: For Mexico, the Election Is About Nafta
The New York Times 09/23/2016
The Trans-Pacific Partnership, Explained
09/23/2016
Donald Trump Poised to Put Pressure on Nafta
WSJ 11/21/2016
The conflicting objectives of Japan and Mexico, Canada, UAW and the U.S., relating to auto parts and components during negotiations for the TPP
09/04/2015
Japan uses China and Thailand as part of its supply chain. Mexico has made gains under NAFTA it does not want to lose with large imports of cheap Chinese auto parts. The U.S. auto industry is somewhere in the middle and the UAW trade union wants to preserve American jobs. The different interests of Canada, Mexico, Japan and the U.S. make it harger to negotiate aspects of the ATT related to the auto industry. The auto industry in the U.S. is not a significant beneficiary from passing of the TPP.
Grouped Articles
Auto-Parts Dispute Taps the Brakes on Pacific Trade Deal
Wall Street Journal 09/04/2015
McConnell warns that trade deal can’t pass Congress before 2016 elections - The Washington Post
Washington Post 12/11/2015
Ford to More Than Double Mexico Production Capacity in 2018
Wall Street Journal 02/08/2016
After Michigan Loss, Hillary Clinton Sharpens Message on Jobs and Trade
New York Times 03/09/2016
Donald Trump Lays Out Protectionist Views in Trade Speech
WSJ 06/28/2016
What the New GOP Means for Wall Street
WSJ 07/19/2016
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