Economics
Trump and Sanders Shift Mood in Congress Against Trade Deals
- Change endangers Trans-Pacific Partnership, future trade pacts
- ‘Gravity has shifted’ toward worker protections, Kaptur says
A man cycles past the CSCK Indian Ocean container ship, operated by China Shipping Container Lines Co., during loading operations at the Eurogate GmbH & Co. KGaA KG shipping terminal at Hamburg port in Hamburg, Germany, on Tuesday, June 2, 2015.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Congress has embraced free trade for two generations, but the protectionist bent of the 2016 election campaign may mark the end of that era.
The first casualty may be the 12-nation Trans-Pacific Partnership, which was already facing a skeptical Congress. A European trade pact in the works may also be in trouble.