As we all have heard, Donald Trump’s winning the US presidential election was quite a shock to most people. It was a shock because people are afraid he will do drastic changes to policies affecting trade around the world which causes instability.

Just last week, President Obama¬†backs off Pacific trade deal vote effort, which is known to us as the Trans-Pacific Partnership or TPP. This is an important trade deal and if it does not come true, it could be a big set back. In October this year, PM Lee warns of harm to US’ standing if TPP isn’t ratified.¬†The TPP, co-founded by Singapore, aims to create a giant free-trade zone and give the 12 countries access to 800 million consumers, representing one-third of global trade. It is a key thrust of the US’ foreign policy in Asia aimed at balancing China’s rising influence in the Asia-Pacific. There …