What is lost by burying the Trans-Pacific Partnership?
As Senate leaders have confirmed that the TPP will not be considered in the last days of the current Congress, its demise likely signals that other countries “will move forward in negotiating their own trade agreements that exclude the United States,” Obama administration officials have argued. As it stands, “some 18,000 tariffs” on imports of U.S. goods will remain in place, and the future is less clear for international standards on “digital commerce, intellectual property rights, human rights and environmental protection.”
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