(Matthew Pennington & Josh Lederman – Associated Press)
President Barack Obama found common cause with the leader of Singapore in the face of growing political headwinds against the Trans-Pacific Partnership, warning that to “pull up a drawbridge” on trade would only hurt the United States and its workers.
Singaporean Prime Minister Lee Hsien Loong urged the United States to maintain its “indispensable role” in the Asia-Pacific and ratify the TPP as he joined Obama at the White House to celebrate the 50th anniversary of U.S. diplomatic relations with the Southeast Asian city state.
Obama said that people have legitimate fears about the impact of globalization and being “left behind” but the answer cannot be to back away from trade and the global economy.
“To try to pull-up a drawbridge on trade would only hurt us and hurt our workers. The answer is to make sure that globalization and trade is working for us and not against us,” Obama told joint news conference after talks with Lee in the Oval Office. Click here to read more.