The Trump administration has charted a new course on trade deals, largely eschewing multilateral frameworks for bilateral agreements. Indeed within days of taking office, the administration unilaterally withdrew from the Trans-Pacific Partnership (TPP). Yet the agreements have proceeded anyway, despite the administration’s disdain. A revised TPP has been signed by the eleven remaining countries as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). What are the economic consequences for the United States of not taking part in these multilateral trade pacts? How is the US reshaping existing pacts, like the North American Free Trade Agreement (NAFTA) and the US-Korea Free Trade Agreement (KORUS), and what other nations will agree to consider new bilateral deals with Washington? How will the new American tariffs on imports of steel and aluminum impact ties with major trading partners? Who will win the looming trade war with China?