After years of negotiations, the Trans-Pacific Partnership is finally a go — without America

CPTPP.
(Image credit: CLAUDIO REYES/AFP/Getty Images)

Just before President Trump is set to sign orders on protective tariffs for steel and aluminum imports, 11 U.S. allies signaled their commitment to free trade by signing the Trans Pacific-Partnership trade deal. The U.S. was not among the signatories, having backed out of negotiations last January.

The formulation of the partnership, which is made up of countries that together comprise more than 13 percent of the global economy, was initially spearheaded by the U.S. as a means to counter China's surging economic power. But Trump, following through on one of his most consistent campaign promises, killed the deal soon after entering the White House in order to "protect American workers." Most analysts predicted that the U.S.'s exit from the agreement would kill the deal, but the remaining countries — Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam — rallied to save it.

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