With the U.S. earlier this week pulling out from the 12-nation Trans-Pacific Partnership (TPP), that trade agreement is all but dead. Analysts say the U.S. move paves the way for China to forge its own deals with other countries and dominate the world’s major trading regions and routes, potentially putting American companies at a disadvantage. Immediately, China could pursue trade deals with the remaining TPP members in Southeast Asia and Latin America, many of which do not have large domestic markets and are heavily dependent on foreign trade. China is also pursuing the One Belt, One Road (OBOR) project to build land and sea trade routes spanning 60 countries primarily in Asia and Europe. Among the various other trade pacts China is pursuing is the Regional Comprehensive Economic Partnership (RCEP), covering the ASEAN region and six other Asia-Pacific countries.…