Extract from “The Facts on the Trans-Pacific Partnership Compared to the Obama Administration’s Claims”

5. Globalization
According to the USTR website,“The rules of the road are up for grabs in Asia. If we don’t pass this agreement and write those rules, competitors will set weak rules of the road, threatening American jobs and workers while undermining U.S. leadership in Asia.”

In fact, the United States already has bilateral trade agreements with 6 of the 11 TPP countries and for the large economies that we don’t have trade agreements with, Japan and New Zealand, the tariffs are already extremely low.

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