Economics
Trump’s Move to Dump TPP Bucks Growing Dependency on Asia: Q&A
- Vietnam, Singapore and Japan biggest losers from TPP pullback
- Talks continue next month on regional deal that includes China
How Trump's TPP Decision Impacts Bilateral Trade Deals
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U.S. President Donald Trump’s decision to withdraw from the Trans-Pacific Partnership, one of the largest proposed regional trade blocs in history, has dealt a blow to some of Asia’s biggest economies.
The seven Asia-Pacific signatories to the TPP -- Japan, Vietnam, Malaysia, Singapore, Australia, Brunei and New Zealand -- had collective two-way trade with the U.S. of almost $400 billion in 2015, about 60 percent of America’s total commerce with the European Union. Other Asian countries such as South Korea, Thailand and Indonesia had signaled interest in joining the agreement.