President Donald Trump Moves To Pull U.S. Out Of TPP Trade Deal

Trump . Signing executive orders in the Oval Office
U.S. President Donald Trump made moves to pull the U.S. out of the controversial Pacific-Rim trade deal – the Trans-Pacific Partnership (TPP) . . .

Reports say Trump moved to pull the United States out of the proposed Trans-Pacific Partnership trade pact on Monday. Trump’s move dealt a quick blow to former U.S. President Barack Obama’s legacy as Trump began fulfilling promises he made on the campaign trail. The president appears to be fulfilling the promises he made to the American people in his first week in office.

Trump said in a brief remark: ”Great thing for the American worker that we just did” as he signed a notice in the Oval Office. He campaigned as a fierce opponent of multilateral trade agreements on his campaign trails across America, particularly the 12-nation Pacific Rim deal. The deal was the cornerstone of former President Barack Obama’s attempt to counter China’s influence in Asia.

The Republican president also signed memoranda freezing most federal government hiring but made an exception for the U.S. Military. He reinstated a ban on providing federal money to international groups that perform abortions or provide information. Surprisingly, the regulation, known as the “Mexico City Policy” was instituted by Republican administrations and rescinded by Democratic ones since 1984.

Trump . TPP countries

Trump . TPP countries 2

On Monday, President Trump announced he is setting up meetings with Canadian Prime Minister Justin Trudeau and Mexican President Enrique Pena Nieto. Canada and Mexico are partners with the U.S. in the North American Free Trade Agreement (NAFTA) pact which Trump (in nearly on his campaign stops) had vowed to renegotiate the terms of that pact.

© 2017 MadjackMedia
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