Trump Declares US ‘ll Dump TPP When Resumes Office
Latest Headlines, U.S./Canada, World News Tuesday, November 22nd, 2016
BALTIMORE, MD (AFRICAN EXAMINER) – US President-elect Mr. Donald Trump has declared his country will quit the Trans-Pacific Partnership (TPP) trade deal on his first day in the White House.
Trump made the declaration in a video message which highlighted what he intends to do first when he resumes in January 2017.
The Republican pledged to reduce “job-killing restrictions” on coal production as well as stop visa abuses.
Still, he did not comment on repealing Obamacare or building of a wall on the southern border with Mexico. Trump was critical and persistent on the two issues during campaign for the just concluded Presidential election.
The TPP trade deal was signed by 12 countries which together cover 40 per cent of the world’s economy.
The massive trade deal was agreed in 2015 by US, Japan, Malaysia, Australia, New Zealand, Canada and Mexico, but has not yet been ratified by the participating countries.
TPP is meant to deepen economic ties and boost growth, including by reducing tariffs.
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