Charlie Nelson, left, shows U.S. Trade Representative Michael Froman Nelson's Green Brier Distillery in Nashville on Oct. 28. Under the deal, Japan would eliminate tariffs on key U.S. industries, such as beef and tobacco, that are expected to drive much of the $357 billion increase in exports forecast over the next 15 years. "The choice isn't between the status quo and TPP, but what's going to happen in the absence of TPP," U.S. Trade Representative Michael Froman said Thursday. The White House estimated that 35 U.S. industries, making up $5.3 billion in exports to Japan, could suffer a loss in market share. Source: Council of Economic AdvisersStill, the deal faces widespread opposition from both parties and questions about its potential consequences.

Source: Washington Post November 03, 2016 18:36 UTC