In September 2021, China applied to join the pact, putting further pressure on the United States. With the United States on the sidelines, the remaining TPP countries have forged ahead with a new version of the pact, known as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), keeping most of the original intact. decline in manufacturing, lower wages, and increase inequality. But its detractors, including Trump, saw the deal as likely to accelerate U.S. strategic interests in the Asia-Pacific region. trade and investment abroad, spurred economic growth, lowered consumer prices, and created new jobs, while also advancing U.S. Outbound Investment Screening Waits in the Wingsįor its supporters, such a deal would have expanded U.S.
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