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2015 Could be the Year for U.S. Trade Deals

Posted February 19, 2015

Under Economic Issues, International Trade Issues

(Yahoo Finance)

An uproar over "chlorine chickens" and other scenarios overrode any positive news coming out of negotiations last year about a massive trade deal between the United States and the European Union.

Things weren't much better for a separate deal that the U.S. is pursuing with Pacific partners. It has run into opposition from labour unions, environmental groups and members of Congress who say it could undermine the government's ability to protect the U.S. economy.

The uproar over "chlorine chickens" prompted German Chancellor Angela Merkel to pledge that the "horrors and frightening scenarios" being spread about on the U.S.-EU deal will not happen. But like other European leaders and U.S. President Barack Obama, she firmly supports the pact. In light of high unemployment in Europe, the deal would be "of inestimable value," Merkel said. For Obama, trade policy in 2015 will burn the candle at both ends. Click here to read more.