It may be too late for bold moves. Reuters:
Senate Finance Committee Chairman Max Baucus said on Friday he saw no need yet for the U.S. Congress to renew the White House’s trade promotion authority, which expires at the end of June…
“If there’s not a new pending agreement, whether it’s multilateral or bilateral, then there’s not going to be a need for TPA,” Baucus said after a speech…
U.S. Trade Representative Susan Schwab, at a briefing with reporters in New Delhi, said there was no “Plan B” for finishing the WTO talks without trade promotion authority.
Baucus is often regarded as very influential on trade policy issues, so his position may indicate that this round of negotiations is headed into deep freeze until the end of the Bush administration.