The Trans-Atlantic Free Trade Agreement is a top priority of the Obama administration. Tariffs are already almost negligible across most products between the US and the European Union. So a deal is essentially about a power grab over continental markets by Big American Agro-Business (as in an invasion of genetically modified products), as well as American media giants. Call it a nice add-on to the Trans-Pacific Partnership (TPP) - which in a nutshell means an American takeover of the heavily protected Japanese economy.
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