Trans Pacific Partnership Agreement

The initial TPP was accepted by some to bring China`s neighbors closer to the United States and reduce their dependence on Chinese trade. [166] [167] [23] [24] [25] [184] [185] [26] [186] [187] If the TPP were ratified, it would have strengthened U.S. influence on future rules of the global economy. U.S. Defense Secretary Ash Carter said the adoption of the TPP was as valuable to the U.S. as the creation of another aircraft carrier. [23] President Obama said, “If we don`t pass this agreement — if America doesn`t write these rules — countries like China will.” [188] According to the Congressional Research Service, “many Asian politicians might interpret – right or not – a failure of the TPP in the United States as a symbol of diminishing U.S. interest in the region and the inability to maintain leadership. The failure to conclude the TPP could indeed allow China to develop regional rules on trade and diplomacy through its own trade and investment initiatives, which could create regional rules and standards that are less advantageous to U.S. interests. [21] Michael J.

Green and Matthew P. Goodman assert that `if TPP fails, history will be unreasonable. If Congress rejects the TPP, the attempt to broker a similar deal in Asia would reopen demands to the US – and, in the meantime, would likely give impetus to alternative deals such as RCEP, which exclude the US. The dynamic behind the US-led international order was part of a dynamic against them. Future generations of historians will take note of the leadership of the United States at this time. [23] Dan Ikenson, director of Catos Herbert A. . . .