January 24, 2017

"US President Donald Trump on Monday formally abandoned the 12-nation Trans-Pacific Partnership (TPP) free trade deal, fulfilling his campaign promises and showing his determination to safeguard US interests in a way he thinks is appropriate.

The TPP was injected with heavy geopolitical connotations and was brokered by former president Barack Obama to facilitate his rebalance to the Asia-Pacific strategy. It obviously aims to contain China's rising influence in Asia and does not bring many direct benefits to the US.

Trump's decision to withdraw from the TPP will weaken Washington's ability of wooing other countries to squeeze out China, thus seemingly bringing some relief to China."

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http://www.globaltimes.cn/content/1030538.shtml 

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