have gotten significantly richer in the past decade, meaning that a much different set of trade policy circumstances would face
Obama and other advocates of the deal argued that it would strengthen the U.S. position relative to China, foreseeing the continued rise of Asian economic power. Bangladesh, a nation of more than 171 million people, is no longer among the poorest countries in the world, as its per capita GDP has also more than doubled during the same time period, thanks in large part to its rise as a major hub for textile manufacturing. Poverty, as defined by the share of people living on less than $2.15 a day, has fallen from 13.5% of the population in 2016 to 5% in 2022, according to the World Bank. in place tariffs on some $300 billion of Chinese goods.
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