Merkel 'not happy' Trump scrapping Pacific trade deal

German Chancellor Angela Merkel yesterday criticised plans by US President-elect Donald Trump to ditch a trans-Pacific trade deal, warning that future agreements will likely be worse.

With a planned US-EU mega-deal called TTIP also looking doomed, Merkel predicted that in future "there will be more trade agreements, and they won't have the standard which this agreement and the mooted TTIP deal have".

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"I tell you quite honestly, I am not happy that the trans-Pacific agreement will now probably not become a reality," said Merkel.