Obama Gives Up on Pacific Trade Deal

“The Obama administration has given up all hope of enacting its sweeping Pacific trade agreement, a pact designed to preserve U.S. economic influence in fast-growing Asia that was buried by a wave of antitrade political sentiment that culminated with Tuesday’s presidential election,” the Wall Street Journal reports.

“The failure to pass what is by far the biggest trade agreement in more than a decade is a bitter defeat for Mr. Obama, whose belated but fervent support for freer trade divided his party and complicated the campaign of Mrs. Clinton.”