End Of TPP Brings New Opportunities For China & U.S.
November 29, 2016
Today we take a look at the controversial Trans-Pacific Partnership (TPP) which President-elect Donald Trump promises to withdraw from on his first day in office. While I initially was in favor of TPP, I too turned against it after learning the details. It's a bad deal for the US. However, withdrawing from the TPP will create some regional advantages for China going forward that I will discuss as we go along today.
While many worry that Trump's anti-China rhetoric, including tariffs on Chinese imports, could lead to a trade war with Beijing in the coming years, I have a better idea. When President Trump withdraws the US from the TPP in January, he should immediately begin talks with China's leaders about a new bilateral trade agreement between the US and China. This could reap big benefits for the US in terms of our economy and new jobs. I'll tell you why today.