The collapse of the Trans-Pacific Partnership
Donald Trump’s vow to pull America out of the TPP leaves a void in Asia
By S.R. | SHANGHAI
THE world's most ambitious free-trade deal in decades is all but dead. Donald Trump has said that on his first day in office America will quit the Trans-Pacific Partnership (TPP), a pact that was nearly a decade in the works. Encompassing 12 Pacific Rim countries, including America, Japan and Canada, the TPP would have covered nearly two-fifths of the global economy. Mr Trump had called it a “horrible deal” on the campaign trail. In declaring his intent this week to withdraw from it, he said it was “a potential disaster for our country”. But proponents say it would have been a big improvement on existing trade deals and very good for America. Which view is right, and what happens now?
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