The Trans-Pacific Partnership Could Reduce Trade

The NYT told readers misled readers in its description of the Trans-Pacific Partnership (TPP). It told readers:

"The American plan [the TPP] would require each country to open even some of its most fiercely protected markets to foreign goods and services, which could produce a surge in trade."

While the agreement is pursuing some trade openings, notably in agriculture, it is not clear how far they will go since there is much political resistance to these openings. On the other hand, it also c...