President Donald Trump withdraws from the Trans-Pacific Partnership Deal
President Trump formally withdrew the U.S. from the Trans-Pacific Partnership, otherwise known as the “Biggest Trade Deal in history,” when he signed an executive order on Monday, January 23, 2017. Trump called the order a “great thing for the American worker.” [source]
The Trans-Pacific Partnership, although signed by 12 other countries in 2015 and fully backed by former President Obama was never approved by United States Congress. Others, such as President Trump have “characterized the TPP as a secretive deal that favored big business and other countries at the expense of jobs and national sovereignty.” [source]
“In addition, Trump is expected to sign another executive order, this one to renegotiate the North American Free Trade Agreement, ratified decades ago with the consent of the Senate. Because the Constitution does not discuss the termination of treaties, there is some question as to how that process should work.” [Source] He will be meeting with the Prime Minister of Canada and President of Mexico later this week to discuss possible changes to the NAFTA agreement already in place.
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