Potential EU-US free trade area would have big repercussions for China and other partners in Asia and South America

Plans recently announced for the creation of a vast new Atlantic free trade area, if realized, would have historic economic and trade implications, but potentially also geopolitical and strategic repercussions.

Although at first glance the ambitious and long-discussed project, representing trillions of dollars in trade and investment, directly concerns only the European Union and United States, it is clearly directed at China and other rising Asian economies.