There are HUGE implications for the US, China, Russia. This sets the US up to build a great Pacific alliance .. one of Obama’s original goals. Next BIG issue will be the South China Sea. To avoid war and work WITH China, he needs to find a way for some balance of powers there.
(HUFF POST) WASHINGTON — House Minority Leader Nancy Pelosi (D-Calif.) waved the white flag on Wednesday, telling her caucus she would support passage of a key measure tethered to President Barack Obama’s broader trade agenda. Her support all but guarantees that the measure will succeed, thereby handing Obama a major victory on trade.
Pelosi and House Democrats were the last obstacle against Republican and pro-trade Democrats’ efforts to grant Obama so-called “fast-track” authority to clear major trade deals, such as the Trans-Pacific Partnership, through Congress with ease.