As the trade deal known as the Trans-Pacific Partnership has taken a pounding on the presidential campaign trail, at least one group is holding out hope for the stalled pact: Wisconsin dairy producers.
They see nothing but advantages from the deal negotiated by the Obama administration that could increase exports at a time when their cows are producing more milk than ever in a domestic market that doesn’t have room for all of it.
Both Hillary Clinton and Donald Trump have opposed the Asian-Pacific trade pact. As secretary of state, Clinton once called the TPP the “gold standard” of trade deals, but she announced her opposition to it last year, saying it did not meet her standard for creating jobs, raising wages and protecting national security. Trump describes TPP as a catastrophe only he can stop.
However, opponents of TPP, an agreement with 11 Pacific Rim countries, aren’t considering the agricultural benefits. Per capita consumption of dairy products by Americans isn’t expected to grow much in the near future, making overseas markets increasingly important. The USDA report estimated TPP, which would lower or eliminate thousands of tariffs, could create an additional $150 million to $300 million in annual dairy exports.
Read more from the Wisconsin State Journal.