Obama will get many questions about Trump on last major trip
ricky l17 seconds ago
Asian leaders who painstakingly negotiated a landmark free trade deal with the U.S. are swallowing the reality that Congress will not approve the Trans-Pacific Partnership any time soon. Obama planned to meet with TPP country leaders in Peru, but the White House acknowledged the deal is all but dead because Senate Majority Leader Mitch McConnell has ruled out a vote on it before Trump takes office.
Trump is vehemently opposed to TPP and similar deals. That could benefit China, which is eager to fill any void in regional leadership left by a U.S. withdrawal and has its own competing free trade scheme.
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China has already move forward with the 15th round of negotiation on RCEP trade deal with the Asia Pacific Countries.
US businesses will become uncompetitive in the Asia Pacific market the moment China RCEP come into effect.
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