Nobel prize winning economist Joseph Stiglitz says it's "absolutely wrong" for the U.S. to pass the trade deal known as the Trans-Pacific Partnership.
It will only help big corporations, not American citizens, he says.
"The advocates of trade said it was going to benefit everyone. The evidence is it's benefited a few and left a lot behind," Stiglitz told CNN's Richard Quest on Quest Means Business Tuesday.
Both Donald Trump and Hillary Clinton are against TPP, a free trade agreement that President Obama has been pushing with 11 other Asian nations. China is not a part of the deal.
There's a chance Obama might try one last time to get Congress to pass TPP. Lawmakers typically come back to Washington for a few days after the presidential election. It's known as a "lame duck" session. Full story...
Related posts:
It will only help big corporations, not American citizens, he says.
"The advocates of trade said it was going to benefit everyone. The evidence is it's benefited a few and left a lot behind," Stiglitz told CNN's Richard Quest on Quest Means Business Tuesday.
Both Donald Trump and Hillary Clinton are against TPP, a free trade agreement that President Obama has been pushing with 11 other Asian nations. China is not a part of the deal.
There's a chance Obama might try one last time to get Congress to pass TPP. Lawmakers typically come back to Washington for a few days after the presidential election. It's known as a "lame duck" session. Full story...
Related posts:
- The case against TTIP...
- Will we be fooled again? Stop the TPP!
- TTIP: UK Government found trade deal had 'lots of risk and no benefit'
- Ambitious TPP trade deal signed...
- TPP 'fundamentally flawed,' should be resisted - UN human rights expert...
- South America takes to the streets against TPP...
- Here's what the Internet hates about the TPP trade deal...
- TPP ‘worst thing Harper did for Canada’ & will cost hundreds of billions...
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