TPP vs. RCEP: U.S. & China Battle for Pacific Trade

TPP vs. RCEP: U.S. & China Battle for Pacific Trade

Within hours of President Obama’s announcement of the Trans-Pacific Partnership agreement on Monday, the landmark deal looked like it had already run into trouble in the U.S. Congress. The influential Nelson Report suggested the pact might be “DOA”—dead on arrival. The Senate and the House get an up-or-down vote on “the most ambitious trade pact in a generation,” and opponents were lining up early to criticize its terms.

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