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The Wall Street Journal: Failure to pass Pacific-region trade deal would be ‘disastrous’ for U.S., analyst says

Reuters

President Barack Obama and his Vietnamese counterpart Tran Dai Quang review the guard of honor at the Presidential Palace in Hanoi, Vietnam

President Barack Obama’s troubled Pacific-region trade deal is threatening to become a foreign policy failure in Asia, where the U.S. loaded the accord with strategic significance as a counterweight to the rise of China.

U.S. officials have billed the 12-nation Trans-Pacific Partnership for years as central to a shift of U.S. military and other resources to Asia. Now, with opposition toward the pact mounting on both the right and left in Washington, the likelihood of its ratification in Congress appears bleak.

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