Home Business Hillary Clinton Opposes Trans-Pacific Partnership Deal

Hillary Clinton Opposes Trans-Pacific Partnership Deal


Hillary Clinton has come out against the Trans-Pacific Partnership (TPP) deal championed by President Barack Obama.

The historic trade deal involves 12 countries along the Pacific rim, including the US, Australia and Japan.

In a recent interview, Democratic presidential hopeful Hillary Clinton said the agreement left many “unanswered questions” and did not met the “high bar” she had set.

“I am not in favor of what I have learned about it,” she told PBS.

The former Secretary of State joins rivals for the Democratic presidential nomination, Bernie Sanders and Martin O’Malley, in opposing the agreement.

Photo Getty Images

Photo Getty Images

The deal took five years to negotiate and covers 40% of the global economy.

In an interview on October 7, Hillary Clinton said she would only support a trade bill that helped American workers.

“I have said from the very beginning that we had to have a trade agreement that would create good American jobs, raise wages and advance our national security and I still believe that is the high bar we have to meet,” she said.

President Barack Obama, for whom the deal would be a prime economic achievement of his second term, said the deal would level the global playing field for US workers.

“[The deal] includes the strongest commitments on labor and the environment of any trade agreement in history,” he said after the agreement was reached.

Meanwhile, Hillary Clinton also plans to propose a tax on high-frequency trading, her campaign said.

The tax would target securities transactions with excessive levels of order cancelations that can destabilize the markets, a campaign aide said.