Why China Is Creating a New Asia-Pacific Trade Pact: QuickTake

With the 15 countries in the RCEP closing in on a deal, the question now is what the impact will be on American and Chinese efforts to boost their clout — and business — across Asia. Then Prime Minister Narendra Modi pulled India out of another regional grouping led by China known as the RCEP.

In both cases, protectionism played a part; in both cases, the show went on without them. First President Donald Trump withdrew the U.S. from a 12-nation, pan-Pacific trade deal known as the TPP.

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