Obama just quietly signed the Trans-Pacific Partnership, one of the biggest multinational trade deals in history that aims to break down trade barriers between countries comprising 40 percent of the global economy, in New Zealand.
Yep. It’s done.
“We should get TPP done this year and give more American workers the shot at success they deserve and help more American businesses compete and win around the world,” Obama said.
Obama didn’t even sign it in person. He sent sent U.S. trade representative Michael Froman on his behalf.
Senator Jeff Sessions said the White House downplayed the news because the administration realizes how unhappy the public will be when the realization hits.
Via Washington Examiner:
“A trade deal is a contract, and it must be one that puts American workers’ interests first, not the interests of global elites,” Sessions said in a statement. “It is little surprise the administration is not showcasing today’s signing given its unpopularity with the American people.”
Only four others voted against fast tracking the deal with Sessions.
A Tufts University study found the TPP will cost nearly 450,000 American jobs in the next nine years.
Obama will urge Congress to ratify it as soon as possible.
Rep. Tulsi Gabbard said:
“The American people have been left out of the Trans-Pacific Partnership from the very beginning and it shows in the resulting agreement. If this deal is enacted, the American people will be left behind as corporations benefit.”
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