Trans-Pacific Partnership

The Death of TPP Impacts You and Me

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January 25  |  Tech & Innovation  |   Carl Guardino

Here’s food for thought . . . Does the death of TPP matter to you and me?

TPP – the Trans-Pacific Partnership – was President Obama’s seven-year effort for an international trade agreement between 12 Pacific Rim countries, representing 40 percent of global GDP.

I say “was” because, as promised, one of President Trump’s first actions in office was to end America’s participation in TPP. His stated reason, pulling out of TPP is “good for American workers.”

I guess that is true, unless you are one of 45 million American workers who’s jobs are dependent on international trade. In fact, American jobs tied to trade pay, on average, 18 percent higher wages than the same American job that is not tied to international trade.

In Silicon Valley alone, just looking at the three Congressional Districts that take in San Jose – the 17th (Ro Khanna), 18th (Anna Eshoo) and 19th (Zoe Lofgren) – 105,000 local workers, and by extension their families, have jobs dependent on international trade.

Pulling out of the Trans-Pacific Partnership negatively impacts the lives and livelihoods of those 105,000 local workers, and their families.

Thanks to President Obama’s seven-year effort, TPP also had the highest labor standards and the highest environmental standards of any trade deal in the history of the world. And those standards were enforceable.

In addition, TPP protected individuals and employers, in terms of our personal data privacy, and our companies’ intellectual property.

Some think that international trade only impacts tech-workers. Not true. Jobs depending on international trade range from financial services to farming, agriculture to entertainment, to name but a few.

Here in Silicon Valley, where 26 of every 100 jobs are with a tech company, it matters even more. Without a robust tech-driven economy, there are fewer dollars in disposable income to spend in restaurants and retail, dry cleaners and department stores, auto dealerships and home purchases.

So who’s smiling because of the President’s Executive Order killing U.S. participation in TPP? Primarily the Chinese Government, who are already stepping in to negotiate trade deals with the remaining TPP countries. You can bet those deals will not benefit American workers, employers or our economy.

The death of TPP negatively impacts you and me, and the strength of Silicon Valley’s economy.

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Free Trade Strengthens America & America’s Workers

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January 20  |  Federal Issues  |   Carl Guardino

Here’s food for thought . . . Free trade strengthens America and America’s workers.

President Obama has invested seven years negotiating a free trade agreement – the Trans-Pacific Partnership – with 11 Asia-Pacific countries and the United States, representing 40 percent of the world’s GDP.

To the president’s credit, the Trans-Pacific Partnership would reduce or eliminate 18,000 taxes or fees on American employers struggling to compete globally.

It is imperative that the United States Congress ratify the president’s Trans-Pacific Partnership in 2016. As President Obama has stated:

  • 40 million American jobs depend on trade.
  • On average, export-related jobs pay up to 18 percent more than non-export related jobs.
  • Every $1 billion in exports supports on average 5,800 American jobs.
  • Over the past five years alone, there has been an increase of 1.8 million jobs related to exports.

Kudos to the president for insisting on the strongest labor and environmental provisions of any U.S. trade deal in history, which is good for America and America’s workers, and vital to workers throughout the world.

Silicon Valley, it is time to step forward and support the president. Let’s encourage our own congressional delegation to do likewise.

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