Trans-Pacific Partnership

EPI research has revealed that the Trans-Pacific Partnership is a bad deal for the majority of American workers, in part because it fails to include a provision to stop currency manipulation. The Trans-Pacific Partnership (TPP) is a trade agreement between the United States and 11 Pacific Rim countries and if the TPP leads to expanding trade with these countries it will contribute to a continuing growth of imports and growing downward pressure on the wages of non-college-educated workers. As negotiated, it includes a special private dispute resolution system that is a huge giveaway to multinational corporations, and weak rules of origin that would allow China and others nonmembers of the TPP to export parts and components, through TPP partners, duty-free to the U.S. with only minimal modifications.