Analysts believe Trump's decision is one of the worst ever made by an American president.

Analysts believe Trump's decision is one of the worst ever made by an American president.

According to trade and foreign policy analysts, the U.S. withdrawal from the Asia-Pacific Trade Agreement designed to advance the U.S. '

Donald Trump's decision seems worse now that China has applied to join the Comprehensive and Progressive Partnership across the Pacific.

Trump's trade policies, particularly tariffs on steel and aluminum, have led to the layoff of many manufacturing workers. According to research by Mary Amity, an economist at the Federal Reserve Bank of New York, and economists at Columbia University Sang Hun Kong and David Weinstein, tariffs have caused companies on the U.S. The stock market is expected to lose $1.7 trillion in value.

"The Trump administration's trade policy has been a story of great harm and some successes," wrote Anderson, executive director of the nonpartisan National Foundation for American Politics. The administration imposed tariffs on $350 billion worth of imports from China. The Congressional Budget Office estimated that Trump's fees cost the average American family more than $1,200 a year. The Biden administration maintained tariffs ".

Many manufacturing workers lost their jobs as a result of Trump's trade policies.

1.  and his tariffs cost U.S. listed companies an estimated $1.7 trillion in market value.
2. While failing to achieve their stated goals with China and the rest of America's trading partners, the Trump administration's trade policies have harmed consumers and businesses, Anderson wrote. Donald Trump's decision to pull the US out of the Trans-Pacific Partnership has given China an advantage and will continue to put American workers and businesses at a competitive disadvantage.
3. The Trump administration's trade policy was a story of chaos with few victories. The Trump administration has imposed tariffs on $350 billion worth of Chinese imports. According to the Congressional Budget Office, Trump's tariffs cost the average American family more than $1,200 a year. The tariffs were maintained by the Biden administration.

According to the analyst, the United States will suffer a major setback in its efforts to shape the international economic landscape in support of our values and interests. 

• These factors point to the possibility that Washington's trade inaction will have a significant impact on the US economy. competitiveness and the long-term prospects of U.S. workers and companies.
• On September 16, 2021, China applied to join the Comprehensive and Progressive Trans-Pacific Partnership, which is now known as CPTPP (CPTTP).The Trade Agreement currently includes Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand.
•  Peru, Singapore, and Vietnam. According to Wendy Cutler, Vice President of the Asian Society Policy Institute, China's notification was sent to the New Zealand Minister of Commerce, a member appointed CPTPP for such matters.

The New Zealand Minister of Commerce is well aware of the risks.

 According to Tim Grosser, who served as New Zealand's Minister of Commerce (2008-15) and Ambassador to the United States (2016-18): "This was in February 2017 and was President Trump's When President Trump announced the US's withdrawal from the Trans-Pacific Partnership.

 I remembered a conversation I had with a friend. with a particularly skilled Asian ambassador. He suggested to me that if a book was written on the decline of American influence in Asia and the Pacific - and he hoped it would never happen - the first chapter would be an account of the withdrawal of the United States from the Trans-Pacific Partnership. "

The Trump administration's trade policies have hurt consumers and companies while failing to achieve their stated goals with China and other American trading partners. Donald Trump's decision to withdraw the U.S. from the TPP opened the door for China and will continue to put U.S.Workers and businesses are at a disadvantage in the marketplace.