Markets

Obama: Don't rush to judgment on US-EU trade deal

BRUSSELS (AP) — President Barack Obama says some countries have legitimate questions about whether budding free trade deals will benefit them in the long-term.

But Obama is cautioning skeptics to wait to see what's negotiated before jumping to conclusions. Obama is speaking at a news conference with European Union leaders in Brussels. The United States and the EU are working on the Transatlantic Trade and Investment Partnership, which seeks to remove trade barriers between the 28-nation bloc..

Obama says some suspicions about the so-called TTIP have been unjustified. He says he's fought his entire political career for consumer and environmental protections. He says he doesn't intend to sign legislation that would weaken those protections.

Related Headlines

  • EU deals could stoke growth, reform

    Leaders from the 28-country European Union on Friday signed broad trade and economic deals with non-member countries Ukraine, Moldova and Georgia. The so-called "association ... 

  • EU hopes for new impetus in Vietnam trade talks

    The European Union is making progress in free trade talks with Vietnam but a concerted push would be needed to reach an agreement this year, the EU's top diplomat said Tuesday 

  • Barack Obama, Herman Van Rompuy, Jose Manuel Barroso,

    Obama highlights need for US-EU energy cooperation

    A trans-Atlantic free trade deal would allow the European Union to reduce its dependence on Russian energy and strengthen its ability to stand up to Moscow on issues like ...