President Donald Trump Pulls the Plug on Abandons Trans-Pacific Partnership (TPP) Obama’s Signature Trade Deal

TRUMP ENDS AMERICAN JOB KILLING TPP …NOTE TO MSM, WHAT PART ABOUT AMERICA FIRST DIDN’T YOU QUITE UNDERSTAND?

On day one of his presidency, Donald Trump fulfilled a campaign promise and ended the TPP, Trans-Pacific Partnership. And so it further begins. First Obama went after Obamacare, Obama’s signature piece of legislation and now it’s Obama’s signature trade deal. Trump looks to make individual trade deals with countries and doing so from an America first vision. President Trump was able to end the TPP by an executive order because it was never approved by Congress. Bipartisan trade policy, eh NY Times?

President Trump upended America’s traditional, bipartisan trade policy on Monday as he formally abandoned the ambitious, 12-nation Trans-Pacific Partnership brokered by his predecessor and declared an end to the era of multinational trade agreements that defined global economics for decades.

With the stroke of a pen on his first full weekday in office, Mr. Trump signaled that he plans to follow through on promises to take a more aggressive stance against foreign competitors as part of his “America First” approach. In doing so, he demonstrated that he would not follow old rules, effectively discarding longstanding Republican orthodoxy that expanding global trade was good for the world and America — and that the United States should help write the rules of international commerce.

Although the Trans-Pacific Partnership had not been approved by Congress, Mr. Trump’s decision to withdraw not only doomed former President Barack Obama’s signature trade achievement, but also carried broad geopolitical implications in a fast-growing region. The deal, which was to link a dozen nations from Canada and Chile to Australia and Japan in a complex web of trade rules, was sold as a way to permanently tie the United States to East Asia and create an economic bulwark against a rising China.