TPP allows us to write rules of the road that level the playing field for American workers, support American manufacturing jobs, and help us export more ‘Made-in-America’ manufactured goods across the world.
HOW TPP BENEFITS U.S. MANUFACTURING
- Eliminates all foreign taxes in the form of tariffs on U.S. manufactured goods exported to TPP countries, including rates as high as 70 percent on automobiles in Vietnam.
- Prevents other TPP countries from maintaining, expanding, or creating new trade barriers to American manufacturers as they eliminate tariffs.
- Some countries require exporters to acquire licenses before they can send their goods to that country. TPP ensures that exporters have updated and complete information about import licensing requirements so that they cannot be used as trade barriers, which can hurt U.S. workers and businesses and provide foreign companies with unfair advantages.
- Rules of origin allow us to determine if a good is a genuine TPP good. TPP establishes rules of origin that provide incentives for companies to keep production and manufacturing jobs in the United States.
- Helping to prevent long delays in customs processing for U.S. products
- Eliminates trade barriers and creating export opportunities for U.S. auto manufacturers in the Japanese market.