22-11-2016 11:34 via news.yahoo.com

Trump's pullout of TPP opens way for China

By Ami Miyazaki and Tom Westbrook TOKYO/SYDNEY (Reuters) - An Asia-Pacific trade deal stands almost no chance of working now that U.S. President-elect Donald Trump has pulled the plug on it, proponents of the pact said on Tuesday, opening the way for China to assume the leadership mantle on trade. Japan and Australia expressed their commitment to the pact on Tuesday, hours after Trump vowed to withdraw from the 12-nation Trans-Pacific Partnership on his first day in office, calling the deal "a p
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