EU Accepts TTIP Deal Dead Due To Trump Presidency Getty by RAHEEM KASSAM11 Nov 2016181 The European Union is conceding defeat over the Trans-Atlantic Trade and Investment Partnership hailed by President Barack Obama and Democrat Party candidate Hillary Clinton following the election of Republican Donald Trump. Protests against the Trans-Atlantic Trade and Investment Partnership (TTIP) deal have crossed the political spectrum, thought it has been the left primarily responsible for bringing the issue to the public consciousness. From mass protests in Germany to huge online petitions, TTIP was widely believed by those on the left and right to be a “corporate stitch-up” deal. The issue attracted the ire of UKIP’s Nigel Farage, Greenpeace, as well as the socialist worker’s parties across the continent. Now, according to the European Union (EU), it is basically dead. Speaking on Friday, EU Trade Commissioner Cecilia Malmström said it would make no sense to expect further talks on the issue, which had already stalled due to European demands over U.S. product standards and a demand for access to U.S. public sector contracts, otherwise protected by the Buy American Act. Malmstöm, in what could be a harbinger for President-elect Trump’s attitude towards the EU, was forced to admit that EU officials are in the dark over the process. She said they “don’t really know what will happen,” and admitted TTIP “might not be the biggest priority” of the President-elect, according to Deustche Welle. “There is strong reason to believe that there would be a pause in TTIP,” she said, attempting to cushion the blow. And thus, with one fell swoop, President-elect Donald Trump should be the hero to millions of left-leaning, working-class people across the continent of Europe. If they were rational. http://www.breitbart.com/london/2016/11/11/eu-accepts-ttip-deal-dead-due-trump-presidency/
This is great news, now Europe doesn't have to compete with American food that's produced with barely any standards. The fact that you think this benefits US working class shows how little you understand. This is terrible news for them.
LOL...he is not even president yet and he's getting stuff done. As usual, ahead of schedule and under budget!
OK, well guess what? We don't need your overpriced cars, your wine and beer and whatever other odds and ends you manage to sell here. Good luck with that.
OK, guess what? All BMW SUV, most Mercedes SUVs are manufactured in the US - they even export back to Europe from Southeast US. These are also the biggest sellers in the US market where SUV is king. So you're FOR the closure of the giant plants in South Carolina and Alabama? Americans might not need what Europe sells but you definitely want it, as is obvious by just looking around because quality does matter (products categories like food and cars are of lower quality in US).
Actually Trump stated previously that foreign companies are welcome to come here and create American jobs.
The point is, we got off track by making me as a stock owner rich the ultimate goal and forgot about the displaced American employees.
The problem is, if Trump is going to restrict European trade, EU will do the same for American goods. BMW will cease operations in the country if the rest of the world is adding tariffs because it's "made in US".