On the recordJune 12, 2015
I thank the gentleman for yielding. Mr. Speaker, time and again, we are promised trade deals create opportunity. Time and again, instead, they send jobs abroad. In the first 7 years of NAFTA, New York City's textile and apparel industry shed 7,900 jobs. In total, fast-track trade policies have cost the U.S. more than 1 million jobs. New York lost more than 374,000 manufacturing jobs since NAFTA and the World Trade Organization agreements. Why would the Trans-Pacific Partnership be different? If that deal is approved, the U.S. will lose more than 130,000 jobs to just 2 of the 12 TPP members--Japan and Vietnam. New York already ran a $47 billion trade deficit last year. This agreement will make the situation worse. The SPEAKER pro tempore. The time of the gentlewoman has expired.
