The agreement would have increased workers` incomes in all countries by $223 billion a year, $77 billion for American workers. For the United States, the future remains uncertain. President-elect Biden told cFR during the 2020 presidential campaign that the TPP “wasn`t perfect, but the idea was a good idea,” adding that the U.S. withdrawal had “put China in the driver`s seat.” During the Democratic primaries, Biden said he would try to renegotiate the TPP, but would not sign a new agreement without the thinking of workers` groups and the environment. He also said that significant investments in U.S. workers and infrastructure are preconditions for any new trade agreement. The agreement would have reduced tariffs and other trade barriers between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam. In the United States, the agreement is seen in the broader context of the Obama administration`s military and diplomatic “pivot” to East Asia, described by then-Secretary of State Hillary Clinton in a 2012 Op-Ed in Foreign Policy. In 2017, the estimated commercial value of all countries was $1 trillion. It would have been smaller than the TTIP.
This is the other major regional trade agreement being negotiated. It is between the United States and the European Union. When Trump took office in 2009, Obama continued discussions. In 2011, Secretary of State Hillary Clinton described the TPP as the strategic hub of the United States for the Asia-Pacific. After 19 formal rounds of negotiations and many other separate meetings, the participating countries agreed in October 2015 and signed the pact in early 2016. This year, Clinton said the agreement provides for the “gold standard in trade agreements.” Your comment was probably a reaction to an unexpected and violent primary challenge from Senator Bernie Sanders. Since then, Clinton has said she is against the deal. Clinton presidential campaign opponent Donald Trump also spoke out against the TPP and other similar agreements. Other trade agreements that Trump rejects are NAFTA, which Bill Clinton signed in 1993 as president. NAFTA has been one of the priorities of the Trump campaign. According to the Congressional Research Service, “Tufts` study, as an unconventional framework for the analysis of trade agreements, has attracted particular criticism, while the computable general Equilibrium (CGE) models used in Peterson`s study are the standard in commercial analysis.
 Fabio Ghironi, a professor of economics at the University of Washington, describes the models of the World Bank and the Peterson Institute in more favourable terms than Tufts` analysis.  With the exit of the trade agreement, the United States