- US-EU Negotiate TTIP in New York Amid Growing Opposition
The Obama administration joins European Union officials in looking for new and more efficient ways to sell working people down the river to benefit multinational corporations.
On Monday, US and European negotiators began the 13th round of talks on the Transatlantic Trade and Investment Partnership, or TTIP, in New York. The increasingly unpopular and unusually secretive trade deal is expected to address issues including agricultural markets, government procurement practices, regulatory cooperation, and energy exports.
The proposed deal faces widespread condemnation in Europe and the United States, with opponents on the left arguing that it will diminish wages, worker protections, and environmental quality, while opponents on the right fear that the deal will give an unelected body power to manipulate the economic policies of signatory countries.
In the United States, opposition to trade deals has been a leading theme of the current presidential election cycle. Popular insurgent Democrat Bernie Sanders and Republican frontrunner Donald Trump have both excoriated job-destroying trade pacts including NAFTA and CAFTA, while warning that the Trans-Pacific Partnership (TPP) and TTIP are the kind of deals that destroyed the country’s middle class, only much more draconian. The most likely presidential successor, Hillary Clinton, claims that she opposes these trade deals, despite previously effusively supporting trade pacts.