Australia's prime minister suggests China could replace U.S. in TPP

Australia is considering seeking to replace the United States with China as a member of the Trans Pacific Partnership trade bloc.

US House fails to adopt trade adjustment assistance legislation

The US House of Representatives on Friday failed to approve the Trade Adjustment Assistance (TAA) legislation, which would have given aid to US workers who lose their jobs as a result of US trade deals with other countries, delivering a major blow to President Barack Obama's trade agenda.