Obama says TPP needed for U.S. to lead way on global trade

China among countries negotiating Regional Comprehensive Economic Partnership trade deal that's hoped to be completed before end of year.

The Obama Administration continues to say that the U.S., not China, needs to lead on global trade. However, the timeline seems to be shortening on how quickly China could step into the driver’s seat if the U.S. doesn’t move to ratify the Trans-Pacific Partnership (TPP), President Barack Obama said in an op-ed published in the Washington Post Monday.

Obama said some of the greatest economic opportunities abroad are in the Asia-Pacific region, which is on its way to becoming

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