To speed up the painfully slow recovery and provide an effective counterweight to China , whose cheap exports have put scores of American and European firms out of business . Worth up to around $ 280 billion , the agreement will cement an alliance between the two blocs . The deal is expected to be signed in early 2016 and it's a big win for both sides : But stronger U.S.-EU ties risk alienating large emerging economies that have been deliberately excluded .
Worth up to around $ 280 billion , the agreement will cement an alliance between the two blocs . The deal is expected to be signed in early 2016 and it's a big win for both sides : But stronger U.S.-EU ties risk alienating large emerging economies that have been deliberately excluded .