Obama says Chinese-led trade deal shows need for TPP - Washington Post

U.S. President Barack Obama said on Monday that a Chinese-led regional trade deal shows the urgent need for the U.S. Congress to sign off on the Trans-Pacific Partnership trade pact.

U.S. President Barack Obama speaks at the White House Correspondents Association's annual dinner in Washington, U.S., April 30, 2016. REUTERS/Yuri Gripas

WASHINGTON: U.S. President Barack Obama said on Monday that a Chinese-led regional trade deal shows the urgent need for the U.S. Congress to sign off on the Trans-Pacific Partnership trade pact.

"China is negotiating a trade deal that would carve up some of the fastest-growing markets in the world at our expense, putting American jobs, businesses and goods at risk," Obama said in an opinion piece published on the website of the Washington Post, referring to the 16-member Regional Comprehensive Economic Partnership.

(Reporting by Roberta Rampton; Editing by Tom Brown)

- Reuters