While the Trump administration has announced withdrawal from TPP, in favor of bilateral economic cooperation and negotiation to protect US interests, it does not necessarily mean the US has given up its quest for dominancy in global trade rule-making. Meanwhile, other TPP signatories, including Japan, Australia, New Zealand and Canada, are not willing to let the deal fall by the wayside. That means the spirit of TPP lives on even if the agreement itself does not.

Donald Trump is a new type of political phenomena that has caught the world off guard. His unpredictability and lack of experience set the stage for a perfect storm of wild-card events that will almost certainly be an early theme during his presidency. While it is China’s decision how it reacts to Trump, tact and precision will be Beijing’s greatest defense in not only ensuring that relations with the U.S. do not deteriorate further, but in safeguarding key aspects of the current international system.

Donald Trump's presidency could reset American presence in Asia and present China with unexpected military and economic opportunities in the region. China's leaders must prioritize their objectives to avoid alienating neighbors, but until Trump chooses his cabinet and interacts with its members, they have little idea of what to expect from the United States in the coming years.

Shelving the TPP could create opportunity to accelerate the FTAAP, working in line with high-standard trade rules, committing to new international trade rules and basing the FTAAP on the next trade mode.

President-elect Donald Trump’s attack on international trade, and especially his intention to withdraw from the Trans-Pacific Partnership (TPP), will allow the People’s Republic of China to seize the economic lead in Asia and prevent any goal of making America great again.

The loss of momentum for the Trans-Pacific Partners agreement has diminished the US’ standing as a global power, and taken the wind out of the sails of President Obama’s Pivot to Asia strategy. The result is a brighter prospect for a more regional partnership and China’s push to establish a Free Trade Area of the Asia-Pacific (FTAAP).

As the president-elect makes bold statements and takes symbolic actions relevant to US-Sino relations, perhaps a bit of folklore suggests how to think about wise policy actions.

The U.S.-China relationship is complex and often fraught, but getting it right is possibly the most important economic and foreign policy task of any President. The pathway to a more advantageous U.S. economic relationship with China will not be easily forged, but it is vital to the American economy. As China’s President Xi Jinping told Trump recently, a cooperative U.S.-China relationship is the only pathway forward.

Globalization is always an evolving process, with inevitable ups and downs and not moving in a linear fashion. Despite populist reservations in the US and UK, the international community has become intertwined and interdependent, thanks to global free trade and investment. Cooperation to tackle global challenges will continue while more efforts will address the “global governance deficiency” in promoting social justice and fairness such the widening gap between rich and poor both domestically and among nations.

With the election of Donald Trump to the White House, the Obama Administration has finally accepted the inevitable and has announced that it will cease efforts to push the Trans Pacific Partnership (TPP) forward in the waning days of the Lame Duck session. Over the long term, Washington will need to re-assert its trade presence in the Asia-Pacific region. The supply chains are too interwoven and interdependent for the U.S. to go at it alone, despite the isolationist rhetoric emanating from the U.S. election.