When he signed the executive order formally scrapping a trade deal with 11 Pacific Rim countries, President Donald Trump proclaimed the move a "great thing for the American worker."
But a chorus of trade experts and economists this week have argued that the pulling out of the 12-nation Trans-Pacific Partnership will have exactly the opposite impact.
"Virtually all economic analyses of the proposed TPP … provided empirical arguments that the TPP would raise U.S. workers’ income, both for highly educated and less educated workers," according to Jeffrey Bergstrand, finance professor at the University of Notre Dame and a former Federal Reserve […]
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