If the US had stayed in TPP, the country's real income would have risen $ 131 billion annually, according to the Peterson Institute for International Economics. Well, "the United States not only forfeits these profits, but also loses an additional $ 2 billion in revenue, as American companies are penalized in the markets [CPTPP]," the think tank said in a February report. The pact would not be good for his country. According to the president, the plan would have damaged US industry, increased the trade deficit and sent American jobs overseas.
As CPTPP attendance increases, US overseas pressure is likely to increase. Firstly, the United Kingdom has said that it is considering becoming a CPTPP member. The deal may help "a Pacific-Pacific trade wars not hit British households," said the United States Department of International Trade in a Sunday statement. This would help UK companies expand into new markets if the country may not have special privileges in the EU.
"I have never seen such nervousness in the US economy as I see it now," Steve Okun Senior Advisor to McLarty Associates, an international trading consultancy, told CNBC last week about developments such as the CPTPP. There is a feeling that "the world is progressing without us," he said.