Two letters released today and yesterday indicate that the Obama administration has a daunting challenge in convincing Congress to support the Trans-Pacific Partnership trade pact.
Bloomberg BNA| March 23, 2016 |Bloomberg BNA]
Today, 19 members of the New York congressional delegation, led by Reps. Chris Collins (R-N.Y.) and Louise Slaughter (D-N.Y.), sent a letter to President Barack Obama opposing the TPP. The agreement will cost jobs, particularly manufacturing jobs, in New York and the country as a whole, especially since it has no effective measures to address currency manipulation by U.S. trading partners, the lawmakers said.
Senate Minority Leader Harry Reid (D-Nev.) and 18 Democratic Senate colleagues sent a letter to U.S. Trade Representative Michael Froman yesterday expressing their concerns about unfulfilled labor reforms among TPP members. They requested that the administration hold off on submitting legislation to implement the trade deal until Malaysia, Vietnam and Brunei enact the necessary reforms.
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