Not many imagined that the United States would back out from a partnership that they themselves rigorously negotiated throughout 2016. Recently (with President Trump), America has actually backed out from a trade pact called Trans Pacific Partnership (TPP), which was being negotiated among 12 countries: the United States, Canada, Mexico, Peru and Chile in the Americas, and Japan, Australia, Vietnam, Malaysia, Singapore, Brunei and New Zealand in Asia-Pacific. These countries together contribute to 40% of the world’s GDP. TPP cannot be considered as “just” a trade agreement, as it also covered many other components like environmental commitments, intellectual property obligations, anti-corruption measures, protection of human rights, control of child labor conditions and other issues. It was also considered a balancing measure by many members for their one-sided relationship with China by re-engaging through the United States as a trading partner. As a result, Trump’s withdrawal has sent shockwaves through those who had pinned their economic hopes on this deal.