Both Republican and Democratic likely presidential nominees, respectively Donald Trump and Hillary Clinton, have questioned free trade pacts, especially the Trans-Pacific Partnership (TTP) which was introduced by the White House as one of President Barack Obama foreign policy’s main achievements.
While the conclusion of the controversial USA-European Union (EU) Transatlantic Trade and Investment Partnership (TTIP) has never seemed so distant, “we’re going to get rid of TPP, we’ve got to stop it,” Trump told supporters. Indeed, “North American Free Trade Agreement (NAFTA) was a disaster and this TPP is going to be worse,” Trump added.
Although Clinton had previously worked in favor of and praised the TPP, she’s now not in favor of what she has learned about it since then. “I am worried about currency manipulation not being part of the agreement. We have lost American jobs to the manipulations that countries, particularly in Asia, have engaged in,” Clinton said.
Despite mounting opposition of both camps against the TPP, “we have a very strong argument to make about the wisdom of Congress moving to approve the TPP agreement,” White House spokesman Josh Earnest reiterated. Whatever the political circumstances, incumbent US and European leaders remain committed to finalizing the TTIP by the end of 2016.
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