Obama: Trade pact will open new markets for US farmers
WASHINGTON - President Barack Obama is touting a new trade agreement between the U.S. and 11 other countries, saying it will provide American businesses and workers with access to new, fast-growing markets.
He says the deal will provide a fair shot and level the playing field.
However, the pact still has to clear Congress. A vote isn't expected until next year. Opponents will have plenty of time to lobby against an accord that Obama says will eliminate some 18,000 taxes on U.S. goods.
Labor unions represent the biggest obstacle Obama must overcome. Many Democratic lawmakers are also against the Trans-Pacific Partnership, while Republicans generally are more supportive.
The president spoke to reporters Tuesday at the Agriculture Department. He promoted the deal while meeting with agriculture and business leaders.