Recent Job Loss Data Supports TPP Opponents’ Claims

By Victoria Hines

According to a report released by the Economic Policy Institute, Ohio lost 112,500 jobs due to trade with Trans-Pacific Partnership (TPP) countries. This job loss supposedly results from the United States’ trade deficit with members of the agreement. TPP opponents are calling in part for enhanced currency manipulation safeguards in the TPP; they attribute currency manipulation to the United States increasing trade deficit. However, supporters, including the Obama Administration, continue to defend the TPP, arguing the findings are questionable. These data critics say that analysts are ignoring jobs that are supported by imports, leading to skewed results.