International Business

Negative Impacts

The negative impacts of Trans-Pacific Partnership on the United States varies from a system of issues such as investments, ecommerce, medicines and other environmental services. Some of the affects that are recorded on TPP consist of weakened communities, damage to the natural environment, impact on investments, ecommerce, medicine and the healthcare industry. Trans-Pacific Partnership’s initial intentions were to take 12 countries including the Pacific Rim and create the World’s largest trading area. The speculation of what’s to come are privacy invasions, freedom of speech rights violated and great damage to the labor force. According to the Economic Policy Institute the United States stands to lose more than 13,000 jobs to Vietnam and Japan alone. American workers will have to compete with Vietnam counterparts where the minimum wage is 56 cents an hour (Gautney, H. 2015). Already the Korea free trade has failed to deliver the 70,000 jobs to America that were promised. The plan is so that both the U.S. and its foreign counterparts be equal, however in the end the U.S. are using foreign workers to produce things for the United States which benefits these people and their countries in no way. The Permanent Normal Trade Relations that was created through TPP with China has already cost the U.S. 2.7 million jobs (Cobb J., 2014). TPP is compared to the North American Free Trade Agreement (NAFTA) which was also supposed to create some kind of stability for small companies and build the economy, however in return did not help much either. Not only would jobs be affected but internet freedoms, civil liberties, public and environmental health, food safety, etc. With many of our foods coming from overseas areas it’s important that America be in good standing with these communities. The cost of medication right now is already pretty high, so with TPP in place imagine how much more medications are going to begin to cost. TPP possesses a closed...