As expected, the outgoing Obama administration is throwing in the towel regarding the Trans-Pacific Partnership trade agreement. DTN reports the White House will not seek a vote on the agreement during the lame duck session of Congress. Republican and Democratic leaders in Congress told the White House they would not advance the trade deal in the election’s aftermath, and Obama administration officials acknowledged the agreement has no path forward now in the United States. The move comes with little surprise following the election results and remarks by House and Senate leadership earlier this year. The Obama administration had campaigned heavily in support of TPP before the elections in an effort to garner more support. Now, President-elect Donald Trump is expected to withdraw from the trade deal.
From the National Association of Farm Broadcasting news service.