President Barack Obama told a crowd of young Vietnamese entrepreneurs that he hopes to see a new 12-nation trade pact ratified this year. Mr. Obama, speaking during a question-and-answer session on the last day of his visit to Vietnam, said the Trans-Pacific Partnership will raise labor and environmental standards across Southeast Asia while giving the region an economic jolt.
President Obama will head to Hanover, Germany in late April to attend a trade fair, the White House announced Wednesday, part of the administration's push to secure a European trade deal before he leaves office.
Democratic presidential candidate Hillary Rodham Clinton announced Wednesday that she opposes an expansive 12-nation Pacific Rim free-trade accord finalized by the Obama administration this week, breaking sharply with the president over a deal she had championed while serving as secretary of state.
The United States and 11 other Pacific Rim nations on Monday agreed to the largest regional trade accord in history, a potentially precedent-setting model for global commerce and worker standards that would tie together 40 percent of the world’s economy, from Canada and Chile to Japan and Australia.
When it was all but over, and the trade legislation that President Barack Obama and congressional Republicans spent many agonizing months brokering was on the brink of law, House Democratic leader Nancy Pelosi was left to lament that she and her party had been shut out by the president she helped elect.
Gwen Ifill is moderator and managing editor of "Washington Week" and co-anchor and managing editor of the "PBS NewsHour." The best-selling author of "The Breakthrough: Politics and Race in the Age of Obama," Gwen has covered seven presidential campaigns and moderated two vice presidential debates.