American trade negotiators have struck a deal with 11 nations along the Pacific Rim.
The accord links 40 percent of the global economy, cutting tariffs and streamlining trade between the countries.
The Trans-Pacific Partnership trade deal comes after more than six years of talks— disagreements often caused negotiations to stall— and is part of a plan by the Obama Administration to strengthen American influence in the Asia-Pacific region.
There will be winners and losers in the deal (if it passes), but economists say it could be a boon for some California staples.
Joining Take Two to discuss:
- William Mauldin, Wall Street Journal reporter
- Jock O'Connell, international trade advisor at Beacon Economics
