ObamaTrade Is Dead: White House Abandons TPP As EU Halts Trade Talks After Trump Victory

by Tyler Durden
ZeroHedge.com
Nov 11, 2016

It appears the entire ‘ObamaTrade’ farce is collapsing under the weight of its secrecy and corporatocracy in the immediate aftermath of Trump’s triumph. First this morning, Bloomberg reported that EU Trade Commissioner Cecilia Malmstrom said EU-U.S. negotiations on a free-trade agreement are on hold, and now WSJ reports that the Obama administration on Friday gave up all hope of enacting its sweeping Pacific trade agreement, denting American prestige in the regions at a time when China is flexing its economic and military muscle.

The Rest…HERE

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