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Trump signs executive order withdrawing US from TPP

With a stroke of a pen, President Donald Trump has unraveled the Trans-Pacific Partnership, withdrawing the US from the controversial free-trade pact. Without Washington’s participation, the TPP would have to be renegotiated or scrapped altogether.

The largest global trade agreement in 20 years, the TPP would have included the United States, Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. It was championed by former President Barack Obama as a way to open Asian markets for American goods and create a trade bloc to counter China.

Opposition to the TPP was one of the key planks of Trump’s presidential campaign, with the billionaire businessman calling the trade pact a “potential disaster” for the US. He said he would prefer bilateral trade deals with individual TPP countries instead. Monday’s executive order signaled the new administration’s determination to address its priorities quickly.

Vietnam backed out of the pact in November, citing uncertainty created by Trump’s election and the refusal of the US Congress to ratify the TPP.

Trump has also targeted the North American Free Trade Association, which eliminated commercial barriers between the US, Canada and Mexico during the Clinton administration.

https://www.rt.com/usa/374819-trump-orders-tpp-repeal/

Ephesians 6:12 For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places.

Comments

  • hansel49hansel49 Member, Permitted to post new threads
    That paragraph makes it sound like Clinton started NAFTA when I believe it was first brought up during the Reagan administration and signed under Bush Sr.
    11-13 Illinois
  • RosieRosie Member, Permitted to post new threads
    Apparently pharmaceuticals were going to become more costly under TPP and excluding China wouldn't have enhanced relationship.

    "We are shaped by our thoughts; we become what we think. When the mind is pure, joy follows like a shadow that never leaves."

  • Matt_ADMIN_Matt_ADMIN_ Administrator
    hansel49 said:
    That paragraph makes it sound like Clinton started NAFTA when I believe it was first brought up during the Reagan administration and signed under Bush Sr.
    Hmm, interesting...
    -------------------
    "...Say, 'GOD is sufficient for me.' In Him the trusters shall trust." (Quran 39:38)
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