US risks losing lead in global trade policy

Barack Obama and Shinzo Abe made little progress at the TPP negotiations in April (photo: dpa)
Barack Obama and Shinzo Abe made little progress at the TPP negotiations in April (photo: dpa)

Washington is negotiating two major trading pacts, the Transatlantic Trade and Investment Partnership and the Trans-Pacific Partnership, which also have geopolitical implications. But progress on both deals is slow and global leaders have pegged the lack of US leadership as Barack Obama’s problem. Many nations are increasingly likely to look to bilateral agreements to boost international trade and improve their domestic economies.

US risks losing lead in global trade policy

THE FUTURE of the American free-trade agenda rests on two important trade pacts, currently under negotiation.

A lack of direction from the White House, combined with curt...

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