HONOLULU (HawaiiNewsNow) - The Trans Pacific Partnership gets a definitive diss. The International Trade Commission was expected to make a strong case for it.
Instead, it barely made a case at all. It projects only modest gains, with agriculture up but manufacturing down. The report says the positive impact on the economy, in real dollars, is only about one sixth of one percent – while damaging 16 of 25 sectors of the U.S. economy.
Tulsi Gabbard, who was against it from the start, says the Trade Commission report shows little good even without mentioning currency exchange impacts. TPP is like NAFTA for the Pacific region, but with some new twists, including something that was controversial from the start, a system for countries to hand over the adjudication of disputes to private sector lawyers, a loss of sovereign authority