Wikipedia has a decent summary of the TPP
From what is being said, it would've been like the NAFTA, but for some South East Asian nations.
By itself, it wasn't the worst bill to be made, but riders added onto it caused it to be really bad. Like, corporations can sue governments because they didn't get enough profit bad.
Someone on reddit explained it very well. Here was his post:
Here's the original post: https://www.reddit.com/r/worldnews/comments/5ppzs5/president_donald_trump_signed_an_executive_order/dct75ux/?utm_content=permalink&utm_medium=front&utm_source=reddit&utm_name=worldnews
Basically, this is a good thing.
That's a pretty comprehensive analysis of it.
In an ideal world it would be pretty legit. But unfortunately there are far too many greedy parties that would take advantage of it without caring or suffering the consequences.
Thank god TPP is finally dead.
So what effects does withdrawal mean?