President Obama on Tuesday defended the trade deal the U.S. is negotiating with 11 Pacific countries from concerns aired by Sen. Elizabeth Warren (D-MA) and other congressional Democrats.
“I love Elizabeth. We’re allies on a whole host of issues, but she’s wrong on this,” Obama said at a town hall with MSNBC’s Chris Matthews, according to the Huffington Post. “When you hear folks make a lot of suggestions about how bad this trade deal is, when you dig into the facts, they are wrong.”
Warren and others are worried that the Trans-Pacific Partnership could undermine U.S. financial regulations.
“We cannot afford a trade deal that undermines the government’s ability to protect the American economy,” Warren wrote in a December letter to U.S. Trade Representative Michael Froman.
