A new report by the Peterson Institute for International Economics says the United States will gain the most from the Trans Pacific Partnership. The Peterson report says the agreement will increase annual real incomes in the U.S. by $ 131 Billion by 2030.  R CALF CEO Bill Bullard discounts the report. He says it’s based on old flawed information and doesn’t represent how the deal will impact the U.S.

 

He says the impact of the TPP will have disastrous impacts on both the U.S. cattle and sheep industries.

 

Bullard says if the TPP is approved it’ll deepen the U.S. trade deficit.

 

Ministerial representatives from the 12 TPP countries are scheduled to formally sign the pact in Auckland, New Zealand on February 4.