President Elect Trump is clearly going to keep his word on ending the TPP, which was aimed at demonstrating US economic power in Asia by further reducing trade barriers with numerous Asian countries excluding China.
The idea was that we were going to exclude China from the partnership until we had established a clearly defined hegemony then consider allowing them into the partnership only when our position was secure. All that is gone now as President Elect Trump's protectionist economic policy is being anticipated by the global economy mostly in the form of further losses on the part of our trading partners.
US markets remain incongruously at or near record highs while volatility, despite early post-election fears of increased uncertainty, seems to be trending downward. This is far from what I had expected from a Trump victory, though I suppose it's a bit early to call the game.
Happy Thanksgiving!
