The International Trade Commission is expected to vote this week on whether to award the largest ever award to a multinational company to win a major trade award in a case that could impact thousands of American workers.
The commission has already awarded about $5.3 billion to major corporations and trade groups, most of it to companies that have been accused of stealing U.S. jobs.
But in a recent decision that is expected, the commission also is expected move to award a $100 million award to the Trans Pacific Partnership, or TPP, which is the trade deal that would become the largest deal in the world, potentially stretching to the entire U.N. General Assembly.
“We’ve got a number of issues with the TPP, but TPP is a really big deal, it’s the largest trade deal ever,” said David White, president of the National Employment Law Project, a labor group.
“So it’s going to have a significant impact on American workers, especially those who work in retail, in restaurants and other industries.
That’s why we’re very worried about this vote.”TPP is a trade agreement between 12 countries including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam and the United States, which would extend the jurisdiction of the United Nations to include countries in the Pacific Rim region.
TPP would expand global trade rules to include trade in services, with the goal of opening up markets for more U.s. companies to compete for customers, workers and the jobs that they create.
The United States is not part of TPP, and President Donald Trump has called the agreement a “horrible, horrible, terrible deal” that would cost the U.