Clinton opposes new Pacific trade pact in break with Obama

U.S. Democratic presidential candidate Hillary Clinton speaks during a community forum campaign event at Cornell College in Mt Vernon, IowaBy Amanda Becker and John Whitesides WASHINGTON (Reuters) – U.S. Democratic presidential candidate Hillary Clinton said on Wednesday she does not support the 12-nation Trans-Pacific Partnership (TPP), rejecting a central tenet of President Barack Obama’s strategic pivot to Asia. Clinton, who backed the developing trade pact when she was secretary of state during Obama’s first term, said she was worried the agreement would not do enough to crack down on currency manipulation or protect consumers from excessively high drug prices. “The bar here is very high and, based on what I have seen, I don’t believe the agreement has met it,” Clinton said in a statement issued during a campaign swing through Iowa.

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