The final battle is approaching us as the Trade Promotion Authority (TPA) bill will be voted on in the Senate this week and the House soon after. Paul Ryan (R-WI), chairman of the House Ways and Means Committee, has shown extreme optimism on the passing of TPA which will facilitate the passing of the Trans Pacific Partnership (TPP). “We will have the votes,” said Ryan, chairman of the House Ways and Means Committee on Sunday. “We’re doing very well. We’re gaining a lot of steam and momentum.” However, how valid is his optimism?
Tag Archives: Free Trade
Nike Inc, one of the most famous brands of shoes has come out in favor of the Trans Pacific Partnership saying that it will bring thousands of jobs to the U.S. However, the Wall Street Journal questions the validity of Nike’s claim and states that it is unclear on how lowering tariffs on imports into the U.S. would help Nike boost jobs in the country.
The North American Free Trade Agreement has been nothing but a disaster for the U.S. Just by taking a look at the auto industry, we see how thousands, if not millions, of auto jobs have been shipped down south. Here in the U.S., the lowest paid autoworkers make $38 an hour with benefits. That is roughly four more times than the average auto worker in Mexico. It is no wonder that Mexico is the most attractive place in North America to build auto factories.