US Allies Sign Sweeping Trade Deal in Challenge to Trump

In its original incarnation as the TPP, the accord was conceived as a counterweight to China, whose vast economy was drawing other Asian countries closer despite its state-driven model and steep trade barriers. Not only does the pact lower trade barriers, it could also prod Beijing to make changes to enjoy the same benefits.

When President Obama was advocating the deal, he said that “America should call the shots” instead of China.

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President Trump officially withdrawing the United States from the Trans-Pacific Partnership in January 2017.

Credit
Doug Mills/The New York Times

Now, signatories are opening the door for China to join. Heraldo Muñoz, Chile’s foreign minister, told reporters on Thursday afternoon that Chinese officials had

Article source: https://www.nytimes.com/2018/03/08/world/asia/us-trump-tpp-signed.html

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