Study: TPP Will Cost U.S. A Half Million Jobs, Drag Down GDP
A group of economists studying the Trans Pacific Partnership (TPP) have concluded that the sweeping trade agreement will have a net negative impact on the US economy. Economic researchers with Tufts University’s Global Development and Environment Institute said Monday that widely cited projections claiming the TPP will boost economic activity in the US are “based on unrealistic assumptions.” Instead, the economists noted, the 12-nation Pacific Rim trade deal will likely lead to the loss of 448,000 jobs from the US workforce, while lowering GDP by more…