EU Sees Pause In Talks On Free Trade Deal With US

The EU's top trade official says talks on the planned Trans-Atlantic trade deal are on hold following the election of Donald Trump in the United States.

German Chancellor Angela Merkel answers a question from the media during the final press briefing at the EU Summit in Brussels, Friday, Oct. 21, 2016. The European Union's attempt to finalize a massive free trade deal with Canada remained in limbo Friday, with the tiny Belgian region that's holding up the pact saying its objections had not yet been sufficiently addressed. (AP Photo/Alastair Grant)
German Chancellor Angela Merkel answers a question from the media during the final press briefing at the EU Summit in Brussels, Friday, Oct. 21, 2016. The European Union's attempt to finalize a massive free trade deal with Canada remained in limbo Friday, with the tiny Belgian region that's holding up the pact saying its objections had not yet been sufficiently addressed. (AP Photo/Alastair Grant)

The European Union's top trade official says talks on the planned Trans-Atlantic trade deal are set to be put on hold following the election of Donald Trump in the United States.

EU Trade Commissioner Cecilia Malmstroem said Friday that "with the new president-elect we don't really know what will happen" with the Trans-Atlantic Trade and Investment Pact.

German Chancellor Angela Merkel answers a question from the media during the final press briefing at the EU Summit in Brussels, Friday, Oct. 21, 2016. The European Union's attempt to finalize a massive free trade deal with Canada remained in limbo Friday, with the tiny Belgian region that's holding up the pact saying its objections had not yet been sufficiently addressed. (AP Photo/Alastair Grant)German Chancellor Angela Merkel answers a question from the media during the final press briefing at the EU Summit in Brussels, Friday, Oct. 21, 2016. The European Union's attempt to finalize a massive free trade deal with Canada remained in limbo Friday, with the tiny Belgian region that's holding up the pact saying its objections had not yet been sufficiently addressed. (AP Photo/Alastair Grant)

She said "there is strong reason to believe that there would be a pause in TTIP, that this might not be the biggest priority for the new administration."

The Europeans had wanted to seal a deal before President Barack Obama leaves office in January. Looming elections in France and Germany have also hampered progress.

TTIP aims to remove barriers to trade between the EU and the U.S. to boost economic growth and employment.

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