China will be the winner if US backs out of the TPP
- Written by Nicholas Ross Smith, Visiting scholar, University of Auckland
If the United States backs out of the Trans-Pacific Partnership (TPP), a 12 member mega regional trade agreement, it could leave a gap for China to emerge the dominant trading power in the Asia Pacific.
The TPP has been the centrepiece of Obama’s external trade policy in his 2nd term. However, with the agreement all but ratified, serious...