BOFIT Viikkokatsaus / BOFIT Weekly Review 2016/45
Donald J. Trump and his administration will assume office on January 20, 2017. Thereafter, the extent to which Trump acts on his campaign rhetoric should gradually become evident. For example, Trump talked against free trade in Asia and criticized arrangements with China, even if the US and American firms have huge stakes in the region, the engine of global growth. An immediate issue for the incoming administration will be the fate of the already-signed Trans-Pacific Partnership (TPP) agreement. A collapse of the yet-to-be-ratified TPP agreement could have unpredictable effects on development of global trade and international trade rules.