Obama Takes TPP Fight to the Streets

“That may or may not be enough to provide cover for Congress to approve TPP, which as a symbol of the perceived ills of globalisation and trade liberalisation has come under sustained attack by both major presidential candidates as well as a sizeable number of congressional candidates on both sides of the aisle”.

In other words, a vote for Trump-the GOP nominee for president-is a vote to kill and bury the highly controversial TPP.

Trump has built his campaign’s success on highlighting the drained American manufacturing sector, where since the Hillary and Bill Clinton championed North American Free Trade Agreement (NAFTA) with Mexico and Canada, countless factories across America have shut down and moved overseas.

The TPP does, however, have some support in the business community, including the U.S.

“China is already the No. 1 trading partner for South Korea and Japan, and if this tripartite free trade agreement goes forward and the TPP fails, the United States will be left outside, paying higher, “most-favored-nation” import charges in the Japanese and Chinese markets”, Preeg wrote when the full text of the Trans-Pacific Partnership was released previous year.

“Countries are going to trade”.

Last Friday, the US Office of the Trade Representative posted a draft statement describing serious administrative actions for implementing the TPP trade agreement that would be sent to the US Congress for approval.

If the USA doesn’t take action, he warned, Asian nations will sign their own trade agreements.

Currently, President Obama is taking his push for Obamatrade’s centerpiece, the TPP, straight to the public.

US President Barack Obama is launching “a full-fledged, full-throated effort” to push the Trans-Pacific Partnership mega trade deal through Congress in the final lame duck months of his presidency.

UPS is lobbying members of Congress during the summer recess to get TPP approved this year, most likely in the lame duck session after the US presidential election on November 8.

“President Obama needs to stop undermining Clinton’s efforts, listen to his own party and take the TPP off the table before the election”.

Ultimately, while Clinton’s current position is that she opposes the deal-a position she will unlikely be able to back down from given how hard both Sen.

Congress leaders had previously said they would not consider the trade deal before the U.S. general election in November. “And I think I’ve got the better argument”.

However, many are questioning whether Clinton is honest about scrapping the TPP, as she did support it during her time as Obama’s Secretary of State.