Obama Delivers Blow To TTIP: ‘Deal Not Going To Happen Anytime Soon’

U.S. Treasury Secretaries
President Obama said that the long-awaited trade deal between the USA and the European Union (EU) will not happen “anytime soon”, casting doubts on the Trans-Atlantic Trade and Investment Partnership (TTIP) long lauded by Europhiles and U.S. establishment figures. Mr. Obama answered questions from the press alongside British Prime Minister David Cameron during his London visit Friday. One question in particular asked the President what the consequences of a British exit of the European Union would be when it came to trade with the United States. He said Britain would fall “to the back of the queue” in regards to trade deals like the TTIP. The President told the press that a U.S./EU trade deal is “not going to happen anytime soon,” and remarked that trade deals between large blocs like the European Union are easier to coordinate rather than what he called a, “hugely inefficient” deal with the UK on it’s own. The President’s remarks are not the first blow to the TTIP as Breitbart London reported this week that the French government are threatening to halt the process entirely because they feel there has been a distinct lack of progress in the negotiations. French Trade Minister Matthias Fekl said, “I