Scrapping TPP Was a Mistake, Ex-Trade Representative Froman Says
- Says worst case would be a ‘tit-for-tat’ trade war with China
- Former U.S. Trade Representative Michael Froman speaks at Boao
Former U.S., Trade Representative Mike Froman weighs in on President Trump's trade policies, the future for global trade and U.S. and Chinese relations. He speaks on 'Bloomberg Markets.' (Source: Bloomberg)
Former U.S. Trade Representative Michael Froman said the goals of a 12-nation Pacific trade pact he helped negotiate are likely to live on in some fashion and that President Donald Trump’s decision to abandon the agreement was a "terrible mistake."
Asia-Pacific nations value "high standard rules" negotiated in the Obama administration-led deal, Froman said Friday in a Bloomberg Television interview from the Boao Forum, an annual conference on the southern Chinese island of Hainan. “The rules that we negotiated find their way into effect in some way or another in a number of different ways.”