No one is sure what President-elect Donald Trump will do to simultaneously boost the American economy and the country’s standing abroad, but one of his apparent moves will be to cancel the Trans-Pacific Partnership.
In the wake of Trump’s election, that proposed free-trade bloc — which would include 12 countries accounting for more than a third of global trade — has been more or less pronounced dead.
Although extensive analysis on the terms of the deal had concluded that any of its economic benefits would likely be meager, proponents of the deal had insisted it was a key component of the American geopolitical “pivot” toward the Asia-Pacific region.
via CNBC
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.