U.S. Trade Representative Michael Froman says years of negotiating the Trans-Pacific Partnership were not a waste of time, and the deal could still be implemented at some point. Speaking at a Politico event on trade this week, Froman says aspects of TPP— if not the deal itself —should be preserved and revived down the road. Froman told the crowd a clear takeaway from last week’s election results is that Americans are concerned they are on an unfair playing field globally. Froman says he is hopeful the benefits of TPP will be seen over time as the rest of the world moves on. He did not go as far to say TPP is “dead,” but referred to the trade deal as being in purgatory. Also speaking at the event, House Ways and Means Chairman Kevin Brady, a Texas Republican, says while the agreement is on hold, “that doesn’t mean the entire trade agenda has to be.” He encouraged President-elect Donald Trump to focus on strengthening the problem’s he sees in trade agreements including TPP and NAFTA.
From the National Association of Farm Broadcasting news service.