White House officials conceded on Friday that the president’s hard-fought-for Trans-Pacific Partnership (TPP) trade deal would not pass Congress.
Earlier this week, congressional leaders in both parties said they would not bring the trade deal forward during a lame-duck session of Congress, before the formal transition of power on 20 January.
The Democratic senator Chuck Schumer, who will be minority leader in the next Congress, told union leaders the trade deal would not pass. Senator Mitch McConnell, the chamber’s Republican majority leader, told reporters “no” when asked if Congress would consider the TPP.
The deal has supporters in both parties but became a campaign symbol for lost manufacturing jobs, especially in the rust belt states. The TPP would’ve cost the US millions of jobs, and redistributed trillions of dollars from working folks to the rich billionaires who control both major political parties.
The TPP was negotiated to redistribute income and political power from the 99 to the 1 percent.
Over the last three years, a variety of labor, progressive, environmental, human rights groups have organized and pushed back hard against the TPP, and quite successfully.
The TPP would have included the US and 11 countries in Asia, South America and the south Pacific, and was designed in large part to curb the growing economic influence of China.