Crunch Time for the Trans-Pacific Pact

Crunch Time for the Trans-Pacific Pact

Admittedly, one can overreact to the negative consequences of President Obama’s decision to cancel his trip to Asia and forego participation in the Asian Pacific Economic Cooperation (APEC) leaders’ meeting and the East Asian Summit. But it would also be a mistake to underestimate the blow — at least in the short term — to the ability of the United States to project a confident leadership role in the region. Headlines such as “Obama cancels Asia trip. Is the U.S. ‘pivot’ in jeopardy?” and “As Obama’s Asian ‘pivot’ falters, China steps into the gap” are all too representative of the reaction both within Asia and around the world.

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