Obama warns against rush to condemn Trump trade policies
LIMA, Peru — Warning against a rush to judgment, President Barack Obama sought Saturday to ease concerns in Latin America that President-elect Donald Trump will wipe out trade deals and create other international problems. “Don’t just assume the worst,” he said. “Wait until the administration’s in place” before drawing conclusions.
Obama, speaking on the margins of an Asia-Pacific summit in Peru, said tensions over trade are likely under the new Trump administration and trade pacts may be modified. But he predicted that once the administration sees how the deals are working, “they’ll determine that it’s actually good both for the United States and our trading partners.”
Obama made his comments during a town hall-style forum with young people after meeting with leaders of countries that joined the U.S. to negotiate a sweeping Pacific trade deal that is now in jeopardy.
The president said his meetings in Peru were a good chance for leaders to review how to spur their economies. They had hoped to achieve some of those goals through the Trans-Pacific Partnership, but the agreement appears unlikely to be ratified due to opposition from Trump. Trump opposes multinational trade deals as written, saying they are harmful to U.S. workers.