ATTENTION SWITCHES TO BILATERAL TRADE DEALS AS TRUMP LEAVES TPP IN THE DUST

Even as the official withdrawal of the United States from the Trans-Pacific Partnership (TPP) has been greeted by enthusiasm by American automakers, the focus is shifting to the bilateral trade deals that President Donald Trump has promised will take its place. The rejected treaty had aimed at eliminating tariffs between the US, Canada, Mexico, Australia, Japan, Malaysia, Vietnam, New Zealand, Brunei, Singapore, Peru and Chile. But the US auto industry had greeted its provisions with less than enthusiasm, expressing concern that the benefits derived from opening ...


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