The Daily Signal discusses President Trump’s executive action to withdraw from the Trans-Pacific Partnership trade agreement with Iain Murray.
Rather than breaking down tariffs, the Trans-Pacific Partnership extended to labor and environmental issues that should be completed in separate treaties, said Iain Murray, vice president for strategy at the Competitive Enterprise Institute, a free-market think tank.
“It tried to fit all of these standards onto countries developing at different economic stages,” Murray told The Daily Signal in a phone interview. “The environmental and labor standards are why this developed into a 5,000-page document. It’s a prime example of why trade agreements have fallen into disrepute.”
Read the full article at The Daily Signal.