This is the Cato Daily Podcast for Tuesday, October 3rd, 2017. I'm Caleb Brown.

The Rise of China has so-called economic nationalists all of Twitter, but many of the concerns over China's economic growth wrongly consider trade as win-lose rather than win-win.

The new Cato policy analysis out today, responsible stakeholders, why the United States should welcome China's economic leadership is by

Colin Grabo, it discusses the rise of China and the appropriate U.S. responses.

The current President has decided to withdraw the United States from the TPP.

How does that change China's role with respect to international trade?

I think the surprising answer to that is that China is going to prove to be a positive role

for international trade in the Asia-Pacific realm.

It's undertaken a number of initiatives that I think will boost trade, free trade, and expanded

trade more generally.

That takes the form of the ARSEP, which is the Regional Comprehensive Economic Partnership, includes 16 different countries, as well as a number

of their infrastructure initiatives such as the One Belt One Road Initiative, as well as the Asian Infrastructure

Investment Bank, which started a few years ago.

So if you're standing aside, you're not an American, you're not Chinese, you're standing

aside looking at whether or not the U.S. should participate in the

TPP on balance would you say that the U.S. withdrawal from the TPP

actually enhanced free trade or was it a net

negative for free trade? It was absolutely a net negative for free trade. One of the big

draws of the Trans-Pacific partnership with access to the US market.

And when you remove the United States from the equation,

that's almost, I believe, 40-something percent

of the Trans-Pacific partnership

...