Trans-Pacific Partnership Could Still Happen, but Without America
“It’s a huge missed opportunity for American businesses and consumers,” said Clark Packard, federal affairs manager and policy counsel for the R Street Institute.
According to a 2016 report from the International Trade Commission, both agriculture and beef stood to gain substantially from TPP, as did services sector of the American economy, though the study also claimed the deal would hurt manufacturing by a small amount.
“Despite all of the misleading rhetoric about it, TPP was a good agreement. Hopefully we’ll eventually come to our senses and rejoin,” Packard told Reason. “The world will move on, even if we’re stuck in neutral.”