Donald Trump has pulled out of the Trans-Pacific Partnership (TPP) trade deal.
Which begs the question, what the hell is it?
Well, it’s rather important as it will encompass a huge percentage of the world’s economy and will affect you over here in Britain, despite the fact we’re not in it.
Here’s some background.
Who’s in it?
Think of the TPP as a bit like the European single market but replace Britain, France, Germany, etc with the Pacific Rim countries of the USA, Japan, Malaysia, Vietnam, Singapore, Brunei, Australia, New Zealand, Canada, Mexico, Chile and Peru.
It’s big. In fact it covers 40% of the global economy and a combined population of 800 million people.
Article source: http://www.huffingtonpost.co.uk/2016/11/22/what-is-the-tpp-trans-pacific-partnership-deal_n_13145592.html?utm_hp_ref=uk-politics&ir=UK+Politics