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USITC Report on the TPP’s Economic Effects Projects Significant Losses

By Public Citizen's Global Trade Watch

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U.S. manufacturing, services, energy and natural resources sectors would all suffer declining trade balances under the TPP. The $23.8 billion loss in manufacturing would be more than five times the projected gains in agriculture and wheat, soy, corn and rice would see declining trade balances. As for the upside: the report projected tiny U.S. economic growth gains (42.7 billion or 0.15 percent) and income gains ($57.3 billion or 0.23 percent) by 2032. In other words, the ITC projects that the United States would be as wealthy on January 1, 2032 with TPP as it would be on February 15, 2032 without it.