Multiple sources confirm that the Trans-Pacific Partnership (TPP) appears to have been derailed. Let us take a moment to celebrate, but there may now be a new set of acronyms to learn: EPA, AFTA, RCEP, FTAAP and TiSA.
American Enterprise Institute economist Derek Scissors says, "TPP is dead. The TPP is 99 percent or more killed by Trump winning." Eurasia Group director Jon Lieber says, "Since the U.S. hasn’t ratified it, [Trump] can just declare that the U.S. is no longer involved and it will be a dead letter in the U.S. I expect he’ll do that. It’s effectively done." And this evening The Globe and Mail reports, "The Trans-Pacific Partnership deal is all but dead, now that the Obama administration has given up hope of a last-ditch effort to ratify it [during the lame-duck session of Congress]."