onsdag 4. november 2020

Biden would want the U.S. to rejoin Trans-Pacific Partnership, leading China watcher says

Joe Biden, if he wins the presidential election, would want the U.S. to rejoin the massive trade deal known as the Trans-Pacific Partnership, said Graham Allison, Harvard University’s Douglas Dillon professor of government. But actually doing so will be a “difficult challenge” because “Democrats – and especially the Democratic base — are more protectionist than the Republicans,” he said. The original TPP, negotiated by the Obama administration, would have put around 40% of the world economy on the side of the United States, said Allison.