EU-U.S. trade deal seems distant dream after early optimism


  • World
  • Tuesday, 16 Jun 2015

BRUSSELS (Reuters) - When U.S. trade chief Michael Froman opened talks in 2013 on an EU-U.S. free trade deal he said he was confident it could be reached on "one tank of gas." Two years later, negotiations have all but stalled.

This was to have been a unique trade deal between open, developed economies whose high wages meant trade unions did not need to fear job-sapping floods of cheap imports.

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