The former Agriculture Department trade chief in the Bill Clinton administration does not see the Trans-Pacific Partnership deal happening in a Hillary Clinton White House. If there were ever a time for Congress to pass the TPP, Paul Drazek says that’s in a lame-duck session—just the opposite of what longtime Republican agriculture Senator Chuck Grassley said earlier this week.
Drazek, who advised Clinton USDA Secretary Dan Glickman on agricultural trade, says after inauguration day, TPP’s chances could be non-existent…
Drazek argues that would be a very damaging outcome for U.S. relations in the Asia Pacific region.
Both presidential candidates argue TPP is flawed and needs fixes. Drazek says any changes to TPP are unlikely…
Some TPP nations are already working on a regional trade deal with China and Drazek says imposing tariffs on imports will only raise U.S. consumer prices, cost jobs and invite retaliation.
But he concedes, crafting better trade deals is hard, so without presidential support, agriculture may have to wait until next time.