Massachusetts Sen. Elizabeth Warren’s push to undercut President Obama’s attempts to negotiate major trade deals could prove to be a big problem not just for Obama, but for Hillary Clinton as well.
Warren is just one of many liberals attempting to undercut Obama’s planned free trade negotiations with Pacific Rim countries as well as the European Union. Warren’s opposition to the potential trade deals has to do with the fact that corporations could, according to CNN, “gain the ability to challenge countries' laws under a complicated provision that's routinely tucked into new deals.” Opponents to the free trade deal fear that a provision within it would create something similar to an international court, which could then force the U.S. government to abide by its rulings.
CNN reports that on a conference call Wednesday, Warren addressed the “investor-state dispute settlement mechanism,” as the provision is known, warning that it should “raise alarm bells for everyone.”
“The name may sound a little wonky, but this is a powerful provision that would fundamentally tilt the playing field further in favor of multinational corporations,” Warren said. “Worse yet, it would undermine U.S. sovereignty.”
Warren’s challenge to the trade negotiations could pose a problem for Hillary Clinton if, indeed, she decides to run for president in 2016. Clinton backed the Pacific Rim negotiations during her time as Secretary of State. The former First lady addressed her views on the Trans-Pacific Partnership in a statement on Wednesday.
“It's safe to say that the TPP won't be perfect. No deal negotiated among a dozen countries ever will be -- but its higher standards, if implemented and enforced, should benefit American businesses and workers,” she said.
Source: CNN / Photo Credit: cnn.com