As Democrats make a political point of rejecting the free trade agreement known as the Trans-Pacific Partnership–to the point of defying the Democratic President–Charles Lane clears up the disinformation being spread about the treaty.
He says that, contrary to the rhetoric, it won’t lose American jobs by sending industries to lower-wage countries. Our biggest partners in this agreement, who would open their markets to us, would be Canada, Australia, New Zealand, and Japan. All of which pay higher wages than the United States! There are low-wage countries in the pact, such as Mexico and Peru, but we already have free trade agreements with them!
Also, in a column criticizing Hillary Clinton for being silent on a treaty she helped to create, Robert Kagan gives the underlying strategic reason for the Trans-Pacific Partnership: forging an alliance to counter China. [Read more...]