Trump: US to quit TPP trade deal on first day in office – outlines other plans – BBC News

Trump: US to quit TPP trade deal on first day in office – BBC News

President-elect Donald Trump says the US will quit the Trans-Pacific Partnership trade deal on his first day in the White House.

He made the announcement in a video message outlining what he intends to do first when he takes office in January.

The TPP trade deal was signed by 12 countries which together cover 40% of the world’s economy.  The TPP was agreed in 2015 by countries including Japan, Malaysia, Australia, New Zealand, Canada and Mexico, but is not yet ratified.

The Republican also pledged to reduce “job-killing restrictions” on coal production and stop visa abuses.  

But there was no mention of repealing Obamacare or building a wall on the southern border with Mexico, two actions he said during the campaign he would do on day one.

His surprise election win two weeks ago has sparked protests across the US.

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  • Rosaliene Bacchus  On 11/22/2016 at 12:20 pm

    Clean coal???

  • Clyde Duncan  On 01/24/2017 at 9:27 pm

    A transatlantic trade deal with President Trump would make us the laughing stock of Europe

    Downing Street advisers are quietly putting out talk of a trade deal that will make it easier for Americans to work in the UK and Brits to work overseas – which is curious following in the wake of two seismic transatlantic political events that both had immigration at their heart

    Tom Peck | Independent UK

    Sometimes in life you don’t always want to be at the front of the queue. For anyone with the surname Aardvark – and there are around a thousand such people on Facebook, one of whom, incidentally, has had it paired with the first name Quentin – school life will have been automatically conferred with many privileges. First in line at dinner time, a peg right by the door, the pick of the board games come wet play (a phrase I must apologise for using in a column which will shortly be about Donald Trump). But for yin there must be yang, and when nurse arrives with the needle, well you’d rather be Quentin Yang than Quentin Aardvark.

    And so Theresa May stands, Aardvark-like, at the front of the queue, ready to take a deep breath and plunge her snout in to the towering termite mound of Trump’s America.

    She stands at the front of the line for a rollercoaster no one has ridden, completely untested, its safety certificate not even in the post. Later this week, she will strap herself in to her RAF Voyager and take off for a Washington DC that used to be a Waltzer but now looks more like Oblivion.

    At least, to an extent, the devastation from two transatlantic political earthquakes has put the Special Relationship back in sync. One of the more curious realities of recent times was, in 2008, watching the left-leaning liberals of America pinning the blame for the financial crisis on the conservatives, while over here the Conservatives did the same to Labour.

    History could have been very different if Obama and Blair had found each other. Now, as Trump puts America First, Theresa May’s Conservatives bear every outward similarity to Britain First, so at least things will not be complicated.

    So what to expect? Downing Street advisers are quietly putting out talk of a trade deal that will make it easier for Americans to work in the UK and Brits to work overseas, which you’d think might be a curious thing to follow in the wake of two seismic transatlantic political events that both had immigration at their heart.

    It might make life that little bit harder for those who continue to claim the referendum result was nothing to do with race, and for that reason we look forward to Nigel Farage’s grave warnings about the Americans moving in next door, and the Boston accents on the trains out of Charing Cross. At this early stage in the delicate proceedings, it might be best not to mention the 72-million black and Hispanic people with USA passports.

    We know that Trump is confident a deal can be done “quickly and properly.” He said so himself to Michael Gove. I mean, we also know that there were “a million and a half” people at his inauguration and that it’s the “dishonest media” that has cooked up his row with the USA intelligence services (and has nothing to do with his own tweet comparing them to Nazis), so there is no harm in taking the man at his word.

    A wisdom appears to be emerging that a potential USA trade deal gives the UK leverage in its negotiations with Brussels – that now more than ever we are in a stronger position to just walk away.

    That in a week in which both the President of the United States of America and the Chinese Premier made loud public proclamations about a return to protectionism, the UK has suddenly done the right thing by marching out of the world’s largest free trade zone, right on its doorstep and running into the arms of an international joke [Donald Trump’s America First] is something our European neighbours will fear and not merely laugh at.

    We shall have to wait and see what we get from America, but it will be hard to ignore that the chap appointed by Donald Trump to do his trade deal negotiations is “distressed debt” billionaire and real life Richard Gere from Pretty Woman by the name of Wilbur Ross, a man who has made his fortune forcing terrible terms on close-to-bankrupt companies who have no choice but to take them. If only the Anglosphere had a word for déjà vu.

    You don’t need the lapel mic recordings from the Access Hollywood tour bus to know that in any kind of relationship with Donald Trump there’s only going to be one special person – and it’s not going to be you.

    Front of the queue then, Theresa May. Enjoy the ride. Don’t forget to smile for the cameras.

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