Thursday, November 17, 2016

Obama passing torch to Merkel

“US President Barack Obama pays a farewell visit Thursday to German Chancellor Angela Merkel, widely seen as the new standard bearer of liberal democracy since the election of Donald Trump.”

(What possibly could go wrong with that?)

And, Merkel announced that “US free trade deal is now dead,” given Trump’s opposition.

Trump isn’t the only one opposed to the deal.

“Exporters have been in favour of the deal as it promised lower tariffs, less red tape and a wider base of consumers for their goods. But in Europe, consumers feared it would ride roughshod over the EU's labour market and environmental standards, and would bring about more outsourcing which would lead to job losses.”

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