Trans-Pacific Partnership

“I fear [the deal] will create an incentive for American manufacturers to move production to Mexico to access consumers in the Asia-Pacific, such as those in Japan, Malaysia and Vietnam.”

Malaysia and Vietnam had wanted to opt out of the original labor provisions, CBC News says, which was unacceptable to Canada.

Report: Country leaders are slated to officially approve the deal on Friday.

As President Trump continues his trip throughout Asia, Barbara Weisel, former U.S. chief negotiator of the Trans-Pacific Partnership, said she is encouraged by the itinerary – and expects the 11 remaining TPP countries will announce progress on the sidelines of the Asia-Pacific Economic Cooperation summit.

A look at what's being said about TPP-11's prospects.

President Trump is set to meet with key trading partners in Asia without a coherent and effective strategy to achieve positive outcomes for the U.S., multiple sources and trade analysts have told Inside U.S. Trade -- adding that U.S. trade officials are not pushing China to make changes to its industrial policy in a bid to build a narrative that supports the case for tougher action in the future.

"Is it worthwhile spending hundreds of hours and efforts to try and reach a deal which may be politically spiky at home in our countries, and then finally it doesn't go through – and what was this for?"

PIIE: Direct economic losses for the U.S. “would be modest at first, but greater costs would follow as large economies begin to shape regional rules.”

Two AEI scholars say TPP can “serve as the baseline for negotiations” on agriculture, including beef, pork and dairy exports.