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Friday, March 1, 2024

It’s a ‘hard sell’ if Biden administration wants to rejoin massive trans-Pacific trade deal, says analyst

  • The TPP was a mega trade deal negotiated by former U.S. President Barack Obama and 11 other countries, excluding China.
  • But the deal never passed Congress, having been widely criticized in the U.S., and U.S. President Donald Trump pulled the country out of the agreement in 2017.
  • Dane Chamorro, a partner at Control Risks, said that the "desire is probably there" among the new Biden administration to re-join the trade deal.
  • However, the former U.S. diplomat told CNBC on Monday: "But you have to think that politically, on both sides of the aisle, the idea right now of more trade liberalization is really not very popular."

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