EU Scrambles to Save TTIP Deal in ‘Death Throes’ Amid Trump Opposition

Europe (Sputnik) – Brussels is desperately fighting to keep alive hopes of the controversial Transatlantic Trade and Investment Partnership (TTIP) EU-US trade deal being agreed, in the face of opposition to the dying deal from newly-elected US President Donald Trump, Sputnik has been told.

Trump has made clear that he is passionately opposed to free trade agreements, which — in his opinion — work against US citizens by opening up home markets to foreign workers and non-tariff trading. He is opposed to the North American Free Trade Agreement (NAFTA) between the US, Canada and Mexico, because he blames it for a loss of the US manufacturing industry.

He has pledged to stymie both Trans-Pacific Partnership (TPP) trade deal — a broad agreement that included Mexico, Brunei, Chile, New Zealand, Singapore, Australia, Canada, Japan, Malaysia, Mexico, Peru, the United States, and Vietnam (but not China) — as well as TTIP.

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“Donald Trump’s victory in the US presidential elections spell bad news for TTIP, which was already in its death throes — EU leaders are well aware of this, as was made clear by a letter from EU Council president Donald Tusk and President of the European Commission which offers Trump ‘sincere congratulations’ and a plea for an EU-US summit ‘at his earliest convenience,’ ” UK-based War on Want’s senior trade campaigner, Mark Dearn, told Sputnik.

 

This report prepared by Sputnik