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http://www.politico.com/magazine/story/2017/08/07/trump-tpp-deal-withdrawal-trade-effects-215459

The article details the plight of some Americans working in agriculture who will likely suffer under the economic fallout from America's withdrawal from the TPP. The other countries that were involved in the deal have been trying to salvage it, which has included the formation of a potential series of smaller trade alliances that will likely undercut the US' agricultural exports.

The demise of the TPP has also reduced the US' "soft power", increasing the trade influence of China and denying Washington the ability to leverage its superior position to force Beijing into action on North Korea.

Anyone who has interest in economics or international relations please provide your thoughts on how the US should act moving forward. Is it doomed to an irreversible decline in its fortunes and power projection?

Why did we oppose the TPP again?
Was it due to copyright stuff?

It allowed corporations to sue countries in the TPP for lost profits due to thier actions. It also screwed over other sectors of what remains of america's manufactory by allowing the signers to compete unimpeded with american workers, signers including notorious sweatshop nations like vietnam and indonesia which would end up driving down the value of american labour.

That's what we do know about it, the 5,600 page agreement was riddled with legaleze and the negociation process was undertaken in secret, so pretty much anything could have been within it and the american voter would only have found out about it after it went into action, likely to detrimental effect.

Basically noone outside of the people who drafted it knew fully what was in it, and the people who drafted it were exactly the sort of people populists like bernie sanders and elizabeth warren rail against for having no loyalty but to profit, so giving it the benefit of the doubt would be pretty much economic russian roulette.

I believe the copyright stuff was a toxic pill for most of the internet.

It allowed corporations to sue countries in the TPP for lost profits due to thier actions.

This argument never made sense. The particular provision of the TPP with this legal mechanism has been found in most free trade agreements the US has made for more than half a century in one form or another. It is necessary in order to prevent countries from going back on the agreements they made during the negotiations and there has been zero precedent regarding any such provision eroding national sovereignty.

https://www.nbr.co.nz/article/should-we-worry-about-private-companies-suing-new-zealand-under-tpp-nr-185828

It also screwed over other sectors of what remains of america’s manufactory

Technically true, but economists overwhelmingly predicted a net benefit from the agreement. For every manufacturing job lost the US would create an agricultural job or a job in a more efficient, modern, and sustainable industry. No trade agreement can exist without, well, trade-offs.

In order to have international enforcement of IP laws, the TPP proposed a standardized ruleset to operate on.

Which took the form of what was last known as ProtectIP, which at this point is the legislation version of Castlevania's Dracula, risen again and again to haunt the realm of the living.

"What is a deal? A miserable little pile of secrets!"