On Monday, January 23 President Trump signed his first trade related executive order – withdrawing the U.S. from the Trans-Pacific Partnership (TPP) the 12-nation trade agreement negotiated and signed by President Obama.
The future of the agreement is now uncertain with the U.S. withdrawal. The agreements entry into force would only occur if six of the twelve original parties making up over 85 percent of the original signatory’s gross domestic product were to ratify the accord. The withdrawal of the U.S. means that achieving the 85 percent threshold is now impossible.
More information on the agreement can be found here.