TRADE, THE WoT AND GOLF:

[T]he Obama administration, which negotiated the treaty, isn't giving up on it. The White House is pressuring Congress to approve the 12-nation trade deal during the lame-duck session after the election. And on Thursday, Obama's Council of Economic Advisers published a report warning that if the TPP isn't passed, a China-backed trade agreement will takes its place. That could put U.S. manufacturers at a disadvantage when they try to sell to customers in Japan and other Asian nations. The report argues that if China's Regional Comprehensive Economic Partnership goes into effect, at least 35 U.S. industries as diverse as plastics, fishing and footwear will be at risk of increased competition from China in the Japanese market.

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