In a major victory for several nations and millions of people around the world, the White House has announced moments ago that Republican and Democratic leaders in Congress has said that they won’t try to advance the Trans Pacific Partnership as they know a Trump administration will be completely opposed to it. This makes the TPP, a trade agreement that has been protested on a global scale, now effectively dead in the water. As the Wall Street Journal reports:
The failure to pass what is by far the biggest trade agreement in more than a decade is abitter defeat for Mr. Obama, whose belated but fervent support for freer trade divided his party and complicated the campaign of Mrs. Clinton. The TPP’s collapse also dents American prestige in the region at a time when China is flexing its economic and military muscle.
