China has dealt a major blow to the United States by joining 14 countries in the world's largest trade deal. According to CNBC, China has signed the agreement with 14 Asia-Pacific countries, the world's largest trade agreement, and analysts say the nature of the agreement could help China's political and economic interests in the region. The influence will increase greatly.
The agreement is called the Regional Comprehensive Economic Partnership. The countries involved in the treaty are a market of 2.2 billion people and have an international output of 26.3 trillion. In this respect, it has become the world's largest trading bloc, led by China. The United States is not included. This trade bloc is larger than the United States, Mexico, Canada and the European Union. Analysts say the deal is a political victory for China at a time when the United States is retreating in the Asia-Pacific because of President Trump's "America First" policy.
