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World

France, Germany cast doubt on E.U./U.S. trade deal

Opening sequence

Opening sequence

World

France, Germany cast doubt on E.U./U.S. trade deal

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COMING UP:France, Germany cast doubt on E.U./U.S. trade deal

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Transcript

00:00:01
>> Europe's transatlantic trade deal with America could be sunk. French President Francois Hollande calling it bogged down; France's trade minister going one further, tweeting the talks should be stopped. Paris has opposed the discussions before, but now, Germany is chiming in, too. The country's economy minister accusing the US of scampering the talks by refusing to compromise.
00:00:23
>>
FOREIGN]
> If someone can tell me how we can reach an agreement by the end of the year, which is in less than six months, when after three years of negotiations there is not even one of the 14 chapters agreed on, then I will listen. But it is pure fiction, unless we are prepared to give in completely to the US.
00:00:42
>> Some three years in the making, the free trade deal has also met popular resistance on both sides of the pond. Presidential candidate Donald Trump opposes it, Hillary Clinton appears to be on the fence. Scenes like this in Brussels have become a regular backdrop for the discussions. Critics say the pact would hand too much power to big multinationals at the expense of consumers and workers.
00:01:09
Each champions claim it could deliver over 100 billion euros in economic gains on both sides of the Atlantic.