Is the Trans-Pacific Partnership (TPP) a bad trade agreement for the U.S.? That remains to be seen.
However, Americans have little reason to trust their government regarding trade.
The U.S. was the principal architect of the global economy and current trade deals, yet, it has failed to acknowledge the shortcomings of the agreements or try to correct them.
The global economy was conceived during WWII to expedite post-war economic recovery, prevent future wars of territorial acquisition, provide employment in the developed nations and improve the lives of people throughout the world.
Unfortunately, the inherent difficulties of international trade, such as equitable currency exchange, currency manipulation, trade imbalances, the outsourcing of production and the creation of national and international winners and losers, remain problematic.
Regardless of intentions, U.S. trade agreements have adversely affected U.S. workers, small manufacturers, national wealth, and the long-term viability of the United States (the losers).
On the other hand, they have richly rewarded international corporations, Wall Street, large investors and foreign nations whose economies are based on exports or currency manipulation (the winners).