TPP’s Failure Would Hand U.S. Business in Japan to China, White House Says - News Summed Up

TPP’s Failure Would Hand U.S. Business in Japan to China, White House Says


A failure to clear a major Pacific trade agreement through Congress in coming weeks could realign the commerce of the world’s three biggest economies, with China muscling in on U.S. companies’ exports to Japan, the White House said. If Congress doesn’t help enact the Trans-Pacific Partnership, or TPP, export-oriented businesses from cattle ranching to medical equipment could forgo gains from the deal and lose additional market share...


Source: Wall Street Journal November 03, 2016 21:43 UTC



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