U.S. President Donald Trump gives a thumbs up as he departs the White House. February 3, 2017.
Image Source: 
REUTERS/Kevin Lamarque

In killing US participation in the Trans-Pacific Partnership (TPP), the Trump administration has signaled its desire for bilateral rather than regional agreements on trade. Jeffrey J. Schott explains why a regional deal like the TPP is far more likely to yield larger US gains with fewer US concessions than the administration's favored approach and recommends steps to improve the TPP. Among them would be inclusion of an enforceable currency manipulation clause and omission of the controversial investor-state dispute settlement provision.

Photo Credit: 
REUTERS/Kevin Lamarque