CNNMONEY: Trump’s decision to kill TPP leaves door open for China




January 24, 2017 | By: Charles Riley

On Monday, Donald Trump handed Xi the car keys and threw in a free tank of gas, abandoning the Trans-Pacific Partnership (TPP) in one of his first official acts as president. Trump’s decision to jettison the largest proposed free trade deal in history leaves the door open for Beijing to push its own brand of trade in a region that is home to many of the world’s fastest-growing economies. Trump, who made protectionist trade policies a cornerstone of his campaign, has described TPP as a “disaster done and pushed by special interests who want to rape our country.” He has also pledged to renegotiate NAFTA.

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