10 Nov TPP in dire straits as US voters turn their backs on trade
SIIA Chairman Simon Tay spoke to TODAY on the future of the Trans-Pacific Partnership and US trade relations with Asia, in the wake of Donald Trump’s win in the US Presidential Election.
The election of Mr Donald Trump into the Oval Office could spell the death knell of the landmark Trans-Pacific Partnership (TPP) trade pact, as the Republican President-elect has made it clear that he is against further global trade liberalisation that does not benefit ordinary Americans.
Mr Trump’s stunning march to the White House also raises questions on how the global trade picture will look like going forward, as fears mount over the possibility of a more protectionist America.
“It will be a long winding path to get it (TPP) back even if it’s not dead. To me, it either will be long delayed or Asians need to figure out what else they need to do,” Associate Professor Simon Tay, chairman of the Singapore Institute of International Affairs, told TODAY.
He noted that, going forward, some American companies may still be interested in Asia but, on the whole, he expected the United States to turn its back to this part of the world.
TPP in dire straits as US voters turn their backs on trade [TODAY, 10 Nov 2016]
Photo Credit: Michael Vadon / CC BY-SA 4.0