No one is sure what President-elect Donald Trump will do to simultaneously boost the American economy and the country’s standing abroad, but one of his apparent moves will be to cancel the Trans-Pacific Partnership.
In the wake of Trump’s election, that proposed free-trade bloc — which would include 12 countries accounting for more than a third of global trade — has been more or less pronounced dead.
Although extensive analysis on the terms of the deal had concluded that any of its economic benefits would likely be meager, proponents of the deal had insisted it was a key component of the American geopolitical “pivot” toward the Asia-Pacific region.
via CNBC
