On his fourth day in office, President Trump signed an executive order formally withdrawing the U.S. from the Trans-Pacific Partnership trade deal. Former president Barack Obama had heralded the ambitious 12-nation trade deal as a way to balance China's rising influence in Asia. The agreement, known by its acronym TPP, had already stalled before Congress, and so Trump's executive order was a mostly symbolic move. Here are four potential shifts to watch in the aftermath of Trump's executive order on TPP. [Peru welcomes Obama, but worries its U.S. trade deal could unravel under Trump]The TPP withdrawal could be a sign of what's to come for NAFTA.
Source: Washington Post January 23, 2017 20:27 UTC