on November 11, 2016 in World News
Obama Administration Gives up on Trans-Pacific Partnership (TPP)
by Joel B. Pollak Donald Trump’s victory in Tuesday’s presidential election has prompted President Barack Obama to abandon the Trans-Pacific Partnership (TPP) trade agreement, the Wall Street Journal reported late Friday. According to the Journal, the White House had hoped to push the deal forward in the lame-duck session of Congress, assuming Democratic presidential nominee Hillary Clinton had won the election. Her loss has already changed the political landscape: Just days after Donald Trump surprise victory, U.S. officials said Republican congressional leaders had made clear that they wouldn’t consider the 12-nation Trans-Pacific Partnership in the remainder of Mr. Obama’s term. The White House… View Article
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