Trans-Pacific Trade Partners Are Moving On, Without the U.S.

Over the weekend, 11 countries decided that the Trans-Pacific Partnership should come into existence, even without the participation of the United States. This means that all the countries that were originally involved with the TPP still want it, the only one not involved is the United States. This is a big development because this could spell trouble for the United States' position in the region, with China becoming a bigger economic leader. This was one of the concerns of the United States backing out that China would swoop in and position itself as a leader of global trade. While the TPP does not involve China, the lack of United States involvement in of this new version of TPP which has a good chance of becoming ratified, the United States could be giving up their role of global trade leader to China in the near future. 

Eric Walliser

https://www.nytimes.com/2017/11/11/business/trump-tpp-trade.html?rref=collection%2Fsectioncollection%2Fasia&action=click&contentCollection=asia&region=stream&module=stream_unit&version=latest&contentPlacement=10&pgtype=sectionfront