The US and 11 other Pacific Rim countries just inked a
. Let's break down the TPP
Dramatic pie. Trade deals don’t get done over a few FaceTime convos. This one is years in the making. The final details got hammered out over five all-nighters in an Atlanta, GA hotel. Each of the 12 countries had somebody repping all the industries on the table (think: retail, autos, pharma). The whole deal got delayed because of, per usual, a standoff between the
so that it’s cheaper for the 12 countries to buy each other’s goods. It also sets
, and makes it easier for
…as in the US is drugging everyone. This deal
…as in New Zealand farmers are
Not included. The deal is seen as a way to stop China from being in control in the region. But it also
The White House says this deal will be a game-changer for the US economy by opening up the Pacific Rim to American goods.
in Congress are saying, ‘but there’s a trade-off’ -- this deal will hurt US workers by sending jobs overseas. Meanwhile, Republicans in Congress are playing the silent game. They are
This is the world’s biggest trade deal in decades, and one that Obama would like to file under ‘legacy.’ He just has to get his friends in
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