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Trans-Pacific Partnership Trade Deal is Dead

HeadlineNov 17, 2016

White House officials have quietly admitted that President Obama will no longer push for the Trans-Pacific Partnership, known as the TPP, meaning the massive proposed trade deal is effectively dead. It would have encompassed 12 Pacific Rim nations, including the U.S., and 40 percent of the global economy. In recent days, Malaysia, Vietnam and Japan have all backed away from the deal, following the U.S. decision to abandon it after Donald Trump’s election. The TPP has faced years of global public resistance by those who say free trade deals benefit corporations at the expense of health and environmental regulations. The trade deal was also lambasted by Donald Trump and Bernie Sanders on the U.S. campaign trail this year. Lori Wallach, director of Public Citizen’s Global Trade Watch program, said, “The unremitting push by the Obama administration for the TPP right through this election helped to elect Donald Trump, but Trump has not derailed the TPP—people power united across borders did that.”

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