End of TPP Could Benefit China

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

This article 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 Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza