If TPP fails, China takes advantage
The administration of US President Barack Obama is moving into its final three months in office and the trajectory of one of its signature foreign policy initiatives - the US "rebalance" to the Asia-Pacific - remains unclear.
Washington's inability thus far to ratify the Trans-Pacific Partnership (TPP) trade deal - a 12-country deal that encompasses nearly 40 percent of the world's gross domestic product - has its friends and partners in the region concerned about its long-term commitment to the Pacific.
http://www.aljazeera.com/indepth/opinion/2016/09/tpp-fails-china-takes-advantage-160927111115555.html
I know there is a lot of antipathy here towards the TPP.
It is, though, important to note that one of the reasons President Obama was so vehemently in favor of TPP is because without it, China will be the ones writing the rules on trade with Asia.
This will need to be addressed, and quickly, by the United States if they want to prevent this from happening (I would think, we all agree that China writing trade rules is not great for the world).