TPP

The Trans-Pacific Partnership (TPP) was a trade agreement negotiated among countries bordering the Pacific Ocean, aiming to reduce trade barriers like tariffs and promote economic integration. Its goal was to facilitate easier American access to international markets, encourage investment, and set common standards on issues such as labor rights and environmental protections. While it was intended to boost economic growth and create jobs, opinions on the TPP varied, with some concerned about potential impacts on local industries and regulations. The agreement was signed in 2016 but faced political challenges, leading the U.S. to withdraw in 2017.