The chairman of the House Ways and Means Committee says President-elect Trump should renegotiate the Trans-Pacific Partnership rather than withdraw from it.
Texas Congressman Kevin Brady says if the U.S. were to abandon TPP, the country would lose access to a critical market.
“That region specifically would hold half the middle-class customers in the planet by the end of the decade,” he says. “We want to be there. If we withdraw or abandon that field completely we lose. And China wins in a major way.”
Brady says he hopes to work with the new administration on strong, enforceable trade deals.
“We have to sell American all throughout the world,” he says. “These trade agreements done right, strictly enforced level that playing field. It turns one-way trade into two-way trade and allows us to create jobs here.”
Brady has also said he would defend the North American Free Trade Agreement between the US, Canada, and Mexico, but said he is open to modernizing the trade deal.
Source: brownfieldagnews.com