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Donald Trump to Withdraw US from Trans-Pacific Partnership

posted by on Tuesday November 22 2016, @09:31PM   Printer-friendly
from the we're-going-back-to-bartering dept.

n1 writes:

Donald Trump says he will issue an executive action on his first day in office to withdraw from the Trans-Pacific Partnership.

In a video updating Americans on the White House transition, the President-elect described TPP as a "potential disaster for our country".

[...] Mr Trump said his administration instead intends to generate "fair, bilateral trade deals that bring jobs and industry back onto American shores".

Sky Correspondent Greg Milam said: "Donald Trump has been very critical of what trade deals have done for American workers and the damage that the North American Free Trade Agreement (NAFTA) did in the 1990s - particularly to low-income workers in the Midwest, who it turns out voted for Mr Trump in huge numbers."

Source: Sky News

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  • (Score: 0) by Anonymous Coward on Wednesday November 23 2016, @02:00AM

    by Anonymous Coward on Wednesday November 23 2016, @02:00AM (#431614)

    I think that's grasping at straws.

    Trump's sales-pitch was that the TPP sacrificed main-street for wall-street. If these new, completely hypothetical future trade agreements are going to be so great for wall-street, then it seems unlikely they are going to be any better for main-street than the TPP was.

    And pre-holiday rallies is a cop-out. The markets have been rallying ever since Trump won. Today was more of the same.
    Wall-street loves Trump.

  • (Score: 2) by bob_super on Wednesday November 23 2016, @05:14PM

    by bob_super (1357) on Wednesday November 23 2016, @05:14PM (#431935)

    Wall Street loves deregulation, toothless EPA, compliant FCC, defunded SEC, understaffed CFPB, merger-friendly DoJ...