Obama Argues for China Trade Deal

Obama Argues for China Trade Deal

The landmark global trade deal, known as the Trans-Pacific Partnership (TPP), has created a tsunami of opposition in Congress this week as President Obama presses to add the agreement to his bill of accomplishments.

The deal is comprised of a trade pact among a dozen Pacific nations including the United States reports the Wall Street Journal. It would result in a more open and balanced slate of trade measures and the president argues it will end unfavorable conditions for the United States.

Although the Republican-led Senate Finance committee passed a bill giving President Obama a fast-track of authority to agree the deal, bipartisan House opposition showed signs that a proposed agreement could be dead on arrival.

An odd coalition, between anti-free traders on the right and progressive unionist on the left, has banded together to oppose the broadening of the international trade agreements. They argue the agreement will only further hurt the American job market.