Given the US represents 60.3 percent of the combined GDP, without the US signature, the entire deal dissolves. To provide a little prospective, the only two ways the TPP was going to be implemented was if all countries ratified the agreement, or if a minimum of six countires collectively representing 85 percent of more of the combined GDP of the twelve countries. To answer the first question, the action President Trump took on Monday was no real surprise to anyone following both the TPP and the comments Trump made during the election campaign, however many, such as Japanese Prime Minster Abe and Australian Prime Minster Malcom Turnbull, were still holding out hope. During these discussions, I was asked two key questions, the first being “What does Trump’s withdrawal of the TPP mean to the US?”, and secondly, “Will the 11 other nations work to resurrect the agreement?”
I’ve been travelling the country this week meeting with both American business leaders and government and trade representatives from several Asian countries.
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