Summers: Most likely positive scenario for TPP is that new pres shifts ... position on trade deal

Former Treasury Secretary Larry Summers says Trans-Pacific Partnership trade deal unlikely to be approved this year.

Summers notes that 4 candidates leading in polls for presidential nominations -- Republicans Sen. Ted Cruz and Donald Trump, Democrats Hillary Clinton and Sen. Bernie Sanders -- all oppose TPP

“I would like nothing better than to be wrong, but I’m finding it difficult to envision the scenario in which a new president signals to Congress that they want to see TPP passed during the lame duck,” Summers says at Council on Foreign Relations in NYC

Most likely “positive” scenario for TPP is that new president shifts his or her position on trade deal and there’s some sort of renegotiation that “provides a basis for moving forward” with it

http://www.bloomberg.com/politics/trackers/2016-01-25/larry-summers-skeptical-of-tpp-passage-this-year