TRUMPS PROMISE TO AXE TPP ON DAY ONE OF HIS PRESIDENCY PROMPTS WIDESPREAD NERVOUSNESS
November 1st, 2016
THE PROMISE from US President-elect Donald Trump to withdraw the USA from the Trans-Pacific Partnership (TPP) trade agreement on his first day of office has prompted widespread nervousness in auto-sectors around the world.
His rejection of the deal could scupper an agreement negotiated over five years by the United States; Australia; Brunei; Canada; Chile; Japan; Malaysia; Mexico; New Zealand; Peru; Singapore and Vietnam.
In Japan, Prime Minister Shinzō Abe has warned that without the USA, "the TPP would be meaningless.”
However, automakers in his country ...
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