Trade wars: Why the central pillar of global order is in danger of collapse as TTIP disintegrates

Jon Geopolitics, Market Commentary

The Transatlantic pact intended to unite Europe and North America in a vast free trade zone is close to collapse after France called for a complete suspension of talks, accusing the U.S. of blocking any workable compromise.
‘Political support in France for these negotiations no longer exists,’ said Matthias Fekl, the French commerce secretary.
Mr Fekl said his country would request a formal decision by E.U. ministers at a summit in Bratislava to drop the hotly-contested deal, known as the Transatlantic Trade and Investment Partnership (TTIP).
‘The Americans are offering nothing, or just crumbs. That is not how allies should negotiate. There must be a clear and definite halt to these talks, to restart them later on a proper basis,’ he said.

This post was published at The Telegraph