Germany’s Merkel ‘not happy’ Pacific trade pact in danger
BERLIN — German Chancellor Angela Merkel said Wednesday she’s not happy about the possible demise of the Trans-Pacific Partnership trade agreement, which President-elect Donald Trump wants to pull the U.S. out of. She argued that alternative pacts will be a poor substitute.
Merkel didn’t mention Trump directly in a speech to the German Parliament in which she called for nations to take a multilateral approach to solving global problems, but made plain her unease at his approach to major trade pacts.
“I will tell you honestly: I am not happy that the trans-Pacific agreement now will probably not become reality,” she said.
“I don’t know who will benefit from that — I want to hold back with forecasts,” she added.