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Home / News / World News / Trump pulls America out of TPP trade deal
  • World

    Trump pulls America out of TPP trade deal

    Abheet Sethi
    Written by
    Abheet Sethi
    Mail
    Last updated on Jan 24, 2017, 10:47 am
    Trump pulls America out of TPP trade deal
  • President Donald Trump has signed an executive order to withdraw the US from the 12-nation Trans-Pacific Partnership (TPP) trade deal.

    "Great thing for the American worker what we just did," said Trump.

    The TPP was a linchpin for Trump's predecessor, President Barack Obama's Asia policy.

  • In this article
    Japan's Abe says TPP deal "meaningless" without the US Trump pulls America out of TPP trade deal What is the TPP TPP was seen as remarkable achievement Trump's stance on TPP What US' withdrawal means for the TPP Trump hasn't kept several of his "day-1" promises
  • 07 Nov 2016

    Japan's Abe says TPP deal "meaningless" without the US

    Japan's Abe says TPP deal "meaningless" without the US
    Credits:
  • Prime Minister Shinzo Abe said the 12-nation Trans-Pacific Partnership "would be meaningless without the United States."

    His statement comes as Donald Trump said he would withdraw from the free trade deal on his first day in office.

    Abe said there was no discussion among other TPP members during the APEC summit to go ahead with the deal without America.

  • 24 Jan 2017

    Trump pulls America out of TPP trade deal

    Trump pulls America out of TPP trade deal
  • President Donald Trump has signed an executive order to withdraw the US from the 12-nation Trans-Pacific Partnership (TPP) trade deal.

    "Great thing for the American worker what we just did," said Trump.

    The TPP was a linchpin for Trump's predecessor, President Barack Obama's Asia policy.

  • Explained

    What is the TPP

    What is the TPP
    Credits:
  • The TPP was negotiated by 12 nations which constitute 40% of the global economy. These include the US, Japan, Malaysia, Australia, Canada and Mexico.

    The deal would reduce tariffs and was modelled to possibly create a new single market, much like the European Union.

    Experts believe it was mean to box in China, which wasn't party to the agreement.

  • Historical

    TPP was seen as remarkable achievement

  • The TPP included measures for environmental protection, workers' rights and regulatory coherence. It also accorded special protections that some nations have for certain industries. The TPP was considered a remarkable achievement due to the different approaches and standards within member countries.

  • Explained

    Trump's stance on TPP

    Trump's stance on TPP
    Credits:
  • During the election campaign, Trump had criticized the trade deal, calling it a "potential disaster for our country", arguing it had harmed US manufacturing.

    He had promised to withdraw from the TPP on his first day of entering the White House.

    His stance drew support from both the left and right political circles, including rival Democratic Senator Bernie Sanders.

  • Information

    What US' withdrawal means for the TPP

  • America's participation was the major linchpin for the deal's effectiveness. Its withdrawal marks a huge blow to the remaining countries. The other countries could move forward with a scaled down version of the TPP.

  • What?

    Trump hasn't kept several of his "day-1" promises

    Trump hasn't kept several of his "day-1" promises
    Credits:
  • During the election campaign, Trump had promised to do the following on the first day of his becoming president:

    Begin construction of a wall along US-Mexico border and Branding China a currency manipulator.

    The elimination of gun-free zones in schools and on military bases.

    Terminate each of President Obama's "unconstitutional executive order."

    "Immediately" suspend the admission of Syrian refugees into America.

  • Donald Trump
  • Barack Obama
  • White House
  • European Union
  • Shinzo Abe
  •  
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