TPP Moving Ahead Without US As Trump Fooled By "Warm" Welcome In Asia | WHAT REALLY HAPPENED


TPP Moving Ahead Without US As Trump Fooled By "Warm" Welcome In Asia

In his speech (see here) at the Asia Pacific Economic Cooperation Summit (APEC) on Friday, Trump slammed China, the WTO and his predecessor’s Trans Pacific Partnership (TPP) trade agreement as issues holding back his America-first “Indo-Pacific dream”. Without referencing it specifically, Trump criticised the TPP which he said would “tie our hands, surrender our sovereignty and make meaningful enforcement (of WTO rules) practically impossible”. Trump stated that the US would conduct trade with Asian nations based on bilateral agreements. Over the weekend, Japan – the largest remaining member of the TPP and traditionally subservient to US wishes – and a host of other nations announced that they would move forward with a revised TPP, regardless of US withdrawal. According to the FT.

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