WASHINGTON: President-elect Donald Trump will not revive his predecessor's stalled Trans-Pacific Partnership (TPP) trade deal in any form, but will quickly pursue bilateral trade agreements, a Trump transition policy adviser said. "TPP, or a multilateral agreement that looks like TPP but is called something else, is emphatically dead." Speaking by phone late on Thursday, the Trump adviser said Tillerson was expressing some personal views on free trade theory. Britain has expressed strong interest in a bilateral trade deal with the United States once it exits the European Union. The Trump policy adviser said the new administration is determined to reverse years of Chinese trade practices that have "hollowed out" the US manufacturing base.

Source: New Strait Times January 14, 2017 04:16 UTC