Economics
As Trump Kills TPP, China Eyes December Talks to Fill Trade Void
- Pact including China gains steam as president-elect drops TPP
- Next round of negotiations planned early December in Indonesia
Future of U.S.-China Trade Relations
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Even before Donald Trump enters the White House and formally abandons a U.S.-led trade deal that represented a cornerstone of his country’s economic policy in Asia, Chinese President Xi Jinping will get a chance to prove his willingness to step into the leadership vacuum.
The U.S. withdrawal from the 12-nation Trans-Pacific Partnership -- reaffirmed by Trump in a videotaped speech Monday -- has focused attention on a competing set of trade talks planned for Indonesia next week. The negotiations, which unlike TPP include China and not the U.S., aim to synchronize existing pacts across much of Asia and would cover 30 percent of the global economy and almost half the world’s population.