World / Trans-Pacific Partnership Trump's TPP Deal: Good News for China? All eyes on Beijing as US move creates a void in Asian trade By John Johnson, Newser Staff Posted Jan 24, 2017 9:03 AM CST Copied President Trump signs an executive order Monday. (AP Photo/Evan Vucci) (Newser) – President Trump made good on a campaign promise Monday when he pulled the US out of the Trans-Pacific Partnership, a sweeping 12-nation deal that was a key part of President Obama's aim to increase ties with Asia while keeping China in check. So now what? China wasn't part of the pact, and the US withdrawal gives Beijing an opening to play a bigger trade role in the region and the world, reports Bloomberg. It is pushing an alternative pact. A Wall Street Journal story, however, raises doubts about Beijing's ability to fill the shoes of the US, despite President Xi Jinping's seeming embrace of free trade last week in Davos. Bernie Sanders loves Trump's move (trade deals "have cost us millions of decent-paying jobs"), while John McCain hates it (in part because of the opportunity he sees for China). Details at Business Insider. story continues below Trump's move, while expected, could mark the beginning of a fundamental shift in the global economy, reports the Washington Post. It means that all US economic alliances are up for reassessment, says a Cornell prof. Trump is betting he can negotiate better terms for the US with partners than previous presidents, explains CNN. As for TPP, Australia and New Zealand say they hope to keep it alive despite the US withdrawal. Think "TPP 12 Minus One," reports the BBC. USA Today has the nuts and bolts of the trade pact (including the important fact that it hadn't been ratified by the Senate yet).