A major goal of the Trans-Pacific Partnership (TPP), intended to cover about 40 percent of world trade, was to ensure that rule-of-law nations, not China, would write the rules for the world economy in the 21st century.
The administration of former US president Barack Obama concluded that the TPP would spur economic growth and create new jobs, while building US strategic interests in Asia. Former US president Donald Trump saw it as adding to American decline in manufacturing and withdrew immediately on taking office in 2017.