Australia, Japan still optimistic amid TPP setback

Key US trade partners said Saturday they were still optimistic about reaching a deal to lower Pacific Rim trade barriers, but acknowledged that a setback in Washington made the already tight schedule even more challenging.

Japan’s Economy Minister Akira Amari, speaking to reporters in Tokyo, said there was no need to be overly pessimistic. “We are looking for the House to work toward prompt passage” of legislation granting President Barack Obama broad negotiating authority, he said.