The Trans-Pacific Partnership trade deal will raise U.S. incomes by a total of $131 billion annually after 2030, and a one-year delay in its implementation would cost $77 billion in lost income, according to a think tank study.
The Peterson Institute for International Economics said Monday that its analysis of the TPP deal reached in October between the United States and 11 other Pacific Rim countries found that it would boost U.S. exports by $357 billion annually, and by $1.025 trillion annually for all TPP countries together.
Annual incomes for the 12 TPP countries would be $465 billion higher after full implementation in 2030 and $492 billion higher for the whole world, Peterson said.