Rather than benefit the US, say critics, the Trans-Pacific Partnership Agreement would increase the trade deficit and fail to address longstanding concerns such as foreign currency manipulation.
The largest US labor union organization on Tuesday attacked moves to empower President Barack Obama to fast-track international trade agreements, saying a looming Pacific pact should counter currency manipulation.
The TPP does not address any of the "predatory mercantilist" actions by our trading partners that have led to the U.S.'s enormous trade deficit. These policies include currency manipulation, "border adjustable" taxes...
If Congress grants Obama so-called "fast-track" authority, it would let lawmakers vote to approve or reject the proposed Trans-Pacific Partnership but prevent them from introducing changes to the trade legislation.