Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

The TPP Lives On – Without Trump's United States

Published 15/11/2017, 12:11 am
Updated 15/11/2017, 12:11 am
© Reuters.

© Reuters.

Investing.com - Ten months after President Donald Trump withdrew from the Trans-Pacific Partnership negotiations, the remaining countries in the TPP bloc are considering signing a trade pact on their own.
Trump feared the TPP trade deal would take jobs away from the US, and wanted to focus on America First policies. But on Saturday the other TPP nations said they had agreed on core elements of a revised version of the TPP – without the United States of America.
The TPP currently includes Japan, Canada, Mexico, Australia and seven other countries whose trade totaled around $350 billion last year. Researchers from the Peterson Institute for International Economics said the pact could produce income of $157 billion annually for its members.
The final TPP agreement is still in the works. There are still several sticking points, and the deal could be expanded to include additional countries. But according to the New York Times, a new deal could be announced as early next year.
Ironically, the new deal was announced while many of the would-be TPP signatories were meeting with Trump in Asia, where Trump said that while “large agreements that tie our hands” were off the table, he was open to bilateral trade agreements with any Indo-Pacific nation that would abide by the principles of fair and reciprocal trade.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.