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TPP Will Boost US Exports, Wages but Slow Manufacturing Employment, New Report Says

The far-reaching Trans-Pacific Partnership (TPP) trade deal President Obama is imploring Congress to pass this year is expected to increase American incomes and annual exports, but it may have little effect on U.S. employment levels, and possibly adverse effects on manufacturing employment.

In a newly released report from the Peterson Institute for International Economics (PIIE) analyzing the agreement’s potential impacts, researchers said TPP will increase annual U.S. incomes by $131 billion or 0.5% of GDP.

Read more at Sourcing Journal.