How Donald Trump damaged America’s interests in Asia

Donald Trump's decision to drop out of the Trans-Pacific Partnership (TPP) has had a lesser-than-expected economic impact. Yet China, Taiwan, Britain and other countries are applying to join the renamed CPTPP. If China joined, global annual income gains due to the pact would quadruple to $632bn.

March 7, 2023 . 2:50 PM

1 min read

Donald Trump entered the White House in 2017 with a long hit-list - the Trans-Pacific Partnership (TPP) was near the top.
Five years later, ministers from the 11 remaining countries met to sign the renamed Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Britain is expected to join CPTPP soon, and China and Taiwan have submitted applications.
China would have to undertake major economic reforms to join the CPTPP on its current terms.
If China joined, global annual income gains due to the pact would quadruple to $632bn.