Adjunct Professor Matt Gold, former deputy assistant U.S. trade representative, was featured in a CNN Live broadcast about President Obama’s free trade deal with Europe.
The Trans-Atlantic Trade and Investment Partnership (T-TIP) was meant to be one of Obama’s legacies, but officials from Germany and France say negotiations are going nowhere.
“The transatlantic talks have been the biggest trade challenge for both the U.S. and the European Union because neither party has ever seen a trade negotiator as powerful on the other side of the table for free trade talks. So this has been a frustrating for both countries from the beginning.
“The real question is why are we seeing the cracks now?”
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“First of all, there’s a series of dynamics that occur in the U.S. and it’s affecting Europe as a result of the American presidential election, and as a result of the fact that the Obama administration is going to try to get the Trans-Pacific Trade Agreement approved by the U.S. Congress in the coming months.”