U.S. President Barack Obama holds a press conference at the conclusion of the APEC (Asia-Pacific Economic Cooperation) Summit in Lima, Peru November 20, 2016.  REUTERS/Mariana Bazo

U.S. President Barack Obama holds a press conference at the conclusion of the APEC (Asia-Pacific Economic Cooperation) Summit in Lima, Peru November 20, 2016. REUTERS/Mariana Bazo (Copyright Reuters 2016)

Obama says not moving forward with TPP would undermine U.S.

Markets Reuters

U.S. President Barack Obama said not moving forward with the Trans-Pacific Partnership (TPP) trade pact would undermine the U.S. position across the Asia-Pacific region.

Continue Reading Below

He said he had heard calls for a less ambitious trade agreement that would exclude U.S. workers and businesses at a news conference at the APEC summit in Peru, the last stop of his last scheduled trip abroad as president.

(Reporting by Jeff Mason; Editing by Sandra Maler)