U.S., Pacific Rim trade talks fail over dairy, sugar

August 1, 2015 6:48 AM

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Top trade officials for the U.S. and 11 other Pacific Rim countries on Friday failed to conclude a major free-trade agreement -- a setback for President Obama and his bid to clinch a deal that has been marked by repeated challenges at home and abroad.

Expectations were high that this week's meetings in Hawaii would yield a final agreement on the Trans-Pacific Partnership, which has been years in the making, but negotiators were unable to resolve differences over such long-standing issues as market access for dairy and sugar.

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