With the presidential primary spotlighting a bipartisan trade revolt, defenders of our status quo trade policies are on the defensive. Their latest claim: the Panama Papers leak shows that the U.S. free trade agreement (FTA) with Panama fixed that nation's infamous tax haven conduct. An actual review of the data, however, shows that the FTA seems to have incentivized more tax haven activity in Panama, not less.
There can be large benefits to countries from trading, and there is no doubt that the United States is enormously richer as a result of international trade. But that hardly means that everyone was benefitted by the patterns of trade over the last three decades, nor is it a reason to support the TPP.