Consider Trans-Pacific Partnership (TPP). What possible impact could this event have on global trade? What is President Trump's position on the TPP?

The impact of the Trans-Pacific Partnership on global trade would be;

Creation of a wider and more technologically developed market area that would enhance the world's market standards.

There would be massive benefits of trade negotiations with respect to the global market.

Creation of a supreme body for devising rules and regulations pertaining to the international trade market.

There would be an increment in foreign investments, global supply chains, and improvements in the manufacturing sector.

Introduction of trade-related international policies and programs.

When Trump assumed office, his first big move was to sign out from the Trans-Pacific Partnership citing it was a bad deal that did not have the good of the US economy at heart. He has been a critic of the agreement for a long time.

However, he has recently ordered his top officials to examine the chances of rejoining the partnership if it is adjusted suit US interests.