As the TPP Founders, Southeast Asia Hedges Its Bets

Feb 21, 2017 | 09:00 GMT
As the TPP Founders, Southeast Asia Hedges Its Bets
A container is unloaded from an international freighter in Tokyo. Japan is fighting tooth and nail to salvage the TPP, which it has long considered the linchpin to its economic reforms and defense ties with Washington.

The impending downfall of the U.S.-led pact has not led to as much success for China as it may seem. Most Southeast Asian economies don't have the luxury of choosing between ties with Washington or Beijing. And, unable to weather threats of Western protectionism or trade spats brewing between Washington and Beijing, many have little choice but to hedge their bets by searching for new and more reliable partners elsewhere....

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