Channel: We Party Patriots » TRADE
Viewing all articles
Browse latest Browse all 33

With Trump Win, Obama Admits Defeat of Trans-Pacific Partnership, Pleasing Labor


Protesting didn't work. But not voting did!

Protesting didn’t work. But not voting did!

submit to reddit 

The Obama Administration has acknowledged that the Trans-Pacific Partnership (TPP) is dead. The trade deal was the centerpiece of President Obama’s “pivot to Asia,” intended to strengthen ties with key Asian allies at a time when China is exerting more economic and military influence in the region. In a rare instance of bipartisanship, however, the deal has become increasingly unpopular among democrats and republicans alike.

Labor leaders, along with constituents of both parties,
would not be ratified by Congress
. Enthusiasm about the TPP was in short supply throughout the entire campaign season:

The deal never had much of a following among congressional Democrats to begin with. Only 28 of 188 House Democrats and 13 of 44 Senate Democrats supported granting Obama the authority to negotiate and finalize a deal last year. And Trump’s rise has decimated support for free trade among Republicans.

[…] Senate Majority Leader Mitch McConnell (R-Ky.) said Wednesday there was no chance that the deal would pass during Obama’s final months in office.

After that, it will be up to Trump, whose anti-trade stance is one of his few clear policy positions.

Viewing all articles
Browse latest Browse all 33

Latest Images

Trending Articles