DeLauro Statement on the International Trade Commission’s Report on the Trans-Pacific Partnership

WASHINGTON, DC (May 18, 2016) — Congresswoman Rosa DeLauro (CT-03) today released the following statement regarding the U.S. International Trade Commission's report on the economic impact projections of the Trans-Pacific Partnership.

"The Administration has promised an economic boon under the Trans-Pacific Partnership. However, the ITC report shows completely different results, conceding that the Trans-Pacific Partnership will deal another blow to the American manufacturing, auto part, and textile industries, among others. Our trade policies have decimated the American middle class and the agreement will only make matters worse.

"In the past, the ITC has failed to accurately project the growth of the trade deficit and we should not expect anything different as it relates to the Trans-Pacific Partnership. Large trade deficits are associated with the loss of good paying manufacturing jobs and suppressed wages at home. Americans deserve better. We need the truth about what these trade agreements can really do to our economy, not glowing talking points that do not paint the full picture.

"From weak rules on origin, to a lack of enforceable currency manipulation rules, the Trans-Pacific Partnership will continue the slow destruction of the American middle class. America cannot afford another massive free trade agreement written by multinational corporations, for multinational corporations. I urge my colleagues to oppose the Trans-Pacific Partnership and to reject a vote for the deal in the lame-duck session."

In February, Congresswoman DeLauro submitted recommendations to the ITC on improvements that could be made to the Trans-Pacific Partnership report. The letter is available here.

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