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Showing Original Post only (View all)ITC Report Shows TPP’s Deep Flaws for U.S. Workers, Says Machinists Union President [View all]
Source: IAM News
International President Robert Martinez, Jr., of the International Association of Machinists and Aerospace Workers (IAM), issued the following statement in response to the release of U.S. International Trade Commissions (ITC) report on the impact of the Trans-Pacific Partnership (TPP) on the American economy:
The ITC, which historically has overestimated the benefits of trade agreements, predicts that the TPP will increase our nations trade deficit in manufacturing. This means that the corporate driven, secretly negotiated TPP will lead to the export of good paying manufacturing jobs to countries like Vietnam that lack basic human rights. For ordinary Americans struggling to get by this will result in more unemployment and continued downward pressure on wages and benefits.
That a trade agreement created to boost corporate profits and CEO bonuses at the expense of working families would be so flawed is no surprise. We now have confirmation from the ITC that weak rules of origin for autos and other manufactured goods will only continue the deterioration of U.S. manufacturing. It is important to note that the ITC made this finding without even taking into consideration that the TPP fails to deal with the rampant currency manipulation by our competitors in Asia. This market distorting trade practice leaves U.S. businesses and workers at a severe disadvantage and expedites the offshoring of American jobs.
FULL story at link.
The International Association of Machinists and Aerospace Workers (IAM) is among the worlds largest and most diverse industrial trade unions, representing nearly 600,000 members in aerospace, manufacturing, transportation, shipbuilding, woodworking, electronics and the federal sector.
Read more: http://www.goiam.org/index.php/news/iam-news/16091-itc-report-shows-tpps-deep-flaws-for-us-workers-says-machinists-union-president