With the Trans-Pacific Partnership's Demise, China Just Got More Powerful

President Trump's executive action to remove the U.S. from the Trans-Pacific Partnership, gives China an opening to develop its own trade deals in the region.
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President Trump's executive action to remove the U.S. from the Trans-Pacific Partnership, gives China an opening to start its own trade deals in the region. China was not part of the 12-nation trade pact. The U.S. withdrawal "definitely does open a door for China, and that's been happening for a while. It pulls the U.S. back a little," said TheStreet's politics writer Emily Stewart. According to Stewart, the Trump Administration's preference for bilateral trade agreements with various countries needs Congressional ratification -- a hurdle for Trump.