Brexit and the election of Donald Trump have shocked political and economic elites throughout Asia. For the last decades, the Asian development largely depended on open world markets and the presence of a US security umbrella. A first harbinger of what is yet to come is the suspension, if not de facto cancellation, of the Trans-Pacific Partnership Agreement (TPP). Without a majority in the US Congress the TPP, at least in its current form, is dead. And that is rather likely.