“Instead we will negotiate fair bilateral trade deals that bring jobs and industry back on to American shores,” Trump said. The TPP excludes China, which declined to join, proposing its own rival version, the Regional Comprehensive Economic Partnership (RCEP), which excludes the US. Already China is intensifying its push for a new regional trade agreement, which excludes the United States.”What is the TPP and is it over? “So speaking as one mate to another, I can say emphatically that free trade is in your best interests. To rectify the situation, Trump said, he would label China a “currency manipulator” and put a 45% tariff on Chinese imports.

Source: The Guardian November 23, 2016 03:00 UTC