As the TPP Founders, Southeast Asia Hedges Its Bets

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....