4 things to watch now that the U.S. has withdrawn from TPP trade deal - News Summed Up

4 things to watch now that the U.S. has withdrawn from TPP trade deal


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



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