24 January 2017

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President Trump withdraws from Trans-Pacific Partnership deal

President Trump withdraws from Trans-Pacific Partnership deal

US President Donald Trump has signed an executive order formally withdrawing the US from the Trans-Pacific Partnership (TPP) trade deal, following through on a promise from his presidential campaign.

Trump’s election opponent, the Democrat Hillary Clinton, had also spoken out against the TPP.

In 2015 12 countries signed the Trans-Pacific Partnership (TPP) trade deal.
The TPP deal was negotiated by former President Barack Obama's administration but never approved by US Congress. The TPP was never ratified by the Republican-controlled Congress.
TPP trade agreement had yet to go into effect but now the deal has no future as US the world leader has withdrew from the deal this means deal died the deal has no future.

Its signatories are Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the US but Now TPP deal has no future.

"We've been talking about this for a long time," Trump said as he signed the executive order in an Oval Office ceremony on Monday, calling the move a "great thing for the American worker".

In the same ceremony, Trump signed an order imposing a federal hiring freeze, with the exception of the military

Additionally, a directive signed by Trump banned US non-governmental organizations that perform abortion from receiving federal funding.

President Donald Trump said the U.S. will impose a “very major” border tax on companies that move overseas 

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Tuesday, January 24, 2017

Tags – USA Donald Trump President TPP Withdraw