TPP Would Cut GDP in U.S. and Japan, Says Tufts Study
The Trans-Pacific Partnership would bring net GDP losses of 0.54 percent for the U.S. and 0.12 percent for Japan after 10 years, and economic gains for other participating countries would be negligible, according to the executive summary of a recently…
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released TPP study done by Tufts University (here). The study, “Trading Down: Unemployment, Inequality and Other Risks of the Trans-Pacific Partnership Agreement,” refutes several income-related findings of another study (here) just released by the Peterson Institute for International Economics (see 1601250020). Contrary to the Peterson study, Tufts’ research projects a small net income loss and worsening income inequality in the U.S., as well as a loss of 500,000 jobs in the U.S.