Tradelines News

Get the latest news and updates on cross-border customs and international trade.

Biden Sees ‘less than even chance’ of U.S. Congress Approving TPP Deal

Posted September 22, 2016

Under Economic Issues, International Trade Issues


(Reuters)

Vice President Joe Biden said on Wednesday that he sees a “less than even chance” that the U.S. Congress approves the 12-country Trans-Pacific Partnership trade pact before the next administration takes office in January.

Biden, speaking to the Council on Foreign Relations in New York, said that the brief “lame duck” session of Congress after the Nov. 8 presidential election was “our only real shot” for approving TPP.

The sweeping trade deal has been a central plank in President Barack Obama’s foreign policy shift to counter the rising economic and military might of China, and has been broadly supported by U.S. business interests. Click here to read more.

Related: Open Letter to Congress (National Taxpayers Union & Other Conservative Groups)