Withdrawal from Trans-Pacific Partnership shifts U.S. role in world economy

Withdrawal from Trans-Pacific Partnership shifts U.S. role in world economy

January 23, 2017, The Washington Post

John Veroneau is quoted by The Washington Post in an article regarding President Trump’s decision to withdraw from the Trans-Pacific Partnership (TPP). According to Veroneau, the Trump administration could still pursue bilateral deals with individual countries, particularly Japan and Vietnam, that mirror the deals negotiated under the TPP. But he pointed out that China is aggressively seeking to lock in trade agreements with many of the same countries that had signed on to the TPP. “If the U.S. decides to pause, we should assume that some of our trading partners will move ahead,” Veroneau says.