Japan's Prime Minister Shinzo Abe and Donald Trump agreed a limited trade deal as he tries to win back support from farmers unhappy with his trade wars.
Trump's vision of world trade sees countries looking after their own self-interest in the pursuit of the best possible deal.
A tariff wall removes pressure on states to make businesses more competitive.
In a world confused and disturbed by Trump, China will find it easier to play down its own lack of transparency and accountability. Maybe, finally, it will be able to convert its economic power into political influence.
When word swirled through Washington on Thursday that Trump might be preparing to ease U.S. sanctions on Russia, worried European diplomats began calling the National Security Council and asking if the rumors were true.
Trump, who took office last Friday, reiterated on Thursday he would strike numerous bilateral deals, as opposed to multilateral accords like the TPP.
Japan had led the push for TPP as a counterweight to China's power in the region.
And will America's exit dramatically impact the global economy?
In an interview with the Handelsblatt newspaper to appear on Tuesday, Gabriel said, "If Trump starts a trade war with Asia and South America, it will open opportunities for us."
President also signs executive orders declaring a federal hiring freeze and banning NGOs from performing overseas abortions if they receive federal funds.
The "strategic intent" of the deal was underplayed during the election.
Chinese president Xi Jinping says the country will 'open more' to the outside world; New Zealand PM says China will fill any void created by Trump.
Trump's remedy is similar to what Larry Summers has prescribed to avoid "secular stagnation."
Here's a simple prescription: Whatever Obama did by regulation, undo.