Since wrapping up negotiations for the Trans-Pacific Partnership (TPP) earlier this month, the Obama Administration has made very little information about the trade agreement available to the American public. With Congress not likely to put it to a vote until next year—an election year—the Administration has offered us a taste of what’s to come.
In a new guide published by the U.S. Trade Representative (USTR), the Administration reveals some of the made-in-America products (119 in total) that will benefit from the agreement’s tariff cuts. The Guide lists products by state, with each state showing only six goods that would receive preferential treatment in a TPP country. We found this arrangement less than ideal, as it may lead readers to believe that preferential treatment only applies to products from the state in which they are listed—which is not the case.
We’re also concerned that some readers may misinterpret the percentages listed next to products in the Guide. It should be noted that these percentages represent the maximum tariff rates U.S. goods currently face in TPP countries. They do not indicate how much the rates will be reduced.
To spare you the hassle of having to hunt for your product page-by-page, state-by-state, we pulled the complete product list from the Guide and present it to you in what we consider a more user-friendly manner (alphabetically).
According to TPP: 18,000 Tax Cuts on Made-in-America Exports, TPP will reduce or eliminate tariffs (referred to in the Guide as “taxes”) on the following made-in-America exports.
Circuit Breakers and Protectors
Feminine Products & Diapers
Iron & Steel
Motors & Generators
Nuts & Bolts
Plugs & Sockets
Wire and Cable
The Trans-Pacific Partnership covers trade in 12 nations:
- Brunei Darussalam
- New Zealand
- United States
TPP: 18,000 Tax Cuts on Made-in-America Exports (U.S. Trade Representative)