Editorial Board

Let Obama Be Dealmaker in Chief

Without fast-track authority, the U.S. won't be able to negotiate a trans-Pacific deal on favorable terms, so Congress won't approve it. That could sideline free-trade talks between the U.S. and EU.
Can we get this trade-with-Asia thing done already? Photographer: Kent Nishimura-Pool/Getty Images

U.S. Trade Representative Michael Froman is reaching the end of negotiations over the Trans-Pacific Partnership, a free-trade agreement almost five years in the making. The accord would wrap the U.S., Japan and 10 other Pacific Rim countries into a humongous free-trade zone with almost 800 million consumers and 40 percent of global output. It could increase U.S. exports by $78 billion a year and create hundreds of thousands of jobs over the next decade.

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