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Obama Budget Aims To Cover TPP Implementation, Predicts Drop In Tariff Revenue

February 10, 2016 at 12:46 PM
President Obama's budget proposal for fiscal year 2017 says it includes the funds necessary to implement the Trans-Pacific Partnership (TPP) and specifically boosts funding for trade-related functions at the departments of Commerce, Labor and State, along with the Office of the U.S. Trade Representative. At the same time, the budget also projects that implementing TPP would lead to a net loss of $28 billion in tariff revenue over 10 years compared with the current baseline. The administration, however, estimates that...

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