BREAKING: Trump Presidency Takes it’s First Scalp – ‘TPP’ Trans-Pacific Partnership is DEAD!
Obama Administration Gives up on Trans-Pacific Partnership (TPP)
Breitbart Reporting: TPP DEAD – Obama Quits after Historic Trump Election Victory
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.
— Franco Gonzalez (@itsFranco) November 11, 2016
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 had lobbied hard for months in the hope of moving forward on the pact if the Democratic nominee, Hillary Clinton, had won.
The Free Thought Project Reporting: Secret Corporate Government Merger — Known as the Trans-Pacific Partnership — is Finally Dead
The TPP had faced opposition from both left and right. On the left, Sen. Bernie Sanders (I-VT) and others criticized TPP for the same reasons they have long opposed free trade agreements — namely, they are concerned that unionized American workers would face competition from lower-wage counterparts abroad, and that countries with fewer environmental regulations would attract American industries.
Obama himself was a late convert to free trade, having opposed earlier agreements in the Senate.
BOOM! Obama admin gives up on TPP in lame duck session. Trump has to make sure Republicans don’t push it either & Trump needs to keep word.
— Hector Morenco (@hectormorenco) November 11, 2016
Joel B. Pollak is Senior Editor-at-Large at Breitbart News. His new book, See No Evil: 19 Hard Truths the Left Can’t Handle, is available from Regnery through Amazon. Follow him on Twitter at @joelpollak.
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