BREAKING: Trump pulls U.S. out of Trans-Pacific Partnership (TPP)

From Newser

By John Johnson
January 23, 2017

President Trump had a busy morning, signing three executive orders on trade, abortion, and federal hiring, and issuing a warning to US companies that they’ll be penalized if they move overseas. Details:

  • TPP: As promised, Trump signed an order withdrawing the US from the Trans-Pacific Partnership, which the New York Times points out is President Obama’s most important trade deal, though it was never ratified by Congress. Coupled with Trump’s promise to renegotiate NAFTA, Trump’s trade stance is “a drastic reversal of decades of economic policy in which presidents of both parties have lowered trade barriers and expanded ties around the world.”

http://www.newser.com/story/237277/trump-signs-3-big-executive-orders.html

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