President-elect Donald Trump says his first day in office will include issuing formal notification the United States is withdrawing from the Trans-Pacific Partnership, part of a series of moves based on his focus on "putting America first."
In a video message posted to YouTube Monday, Trump called the TPP a "potential disaster" for the U.S. "Instead, we will negotiate, fair, bilateral trade deals that bring jobs and industry back onto American shores," he said.
Throughout his campaign for president Trump opposed the TPP, which involves 12 Asia-Pacific nations, as well as the North American Free Trade Agreement with Canada and Mexico. He touted his negotiating ability and said he would get new agreements that benefit the U.S.
Ministers from TPP countries signed the agreement in February 2016, saying their goal was to "enhance shared prosperity, create jobs, and promote sustainable economic development for all of our nations." President Barack Obama supported the pact, but Congress never gave the necessary approval for the U.S. to formally join.
Without the U.S., the TPP cannot go into effect. That is because of a provision that says it either needs to be approved by all 12 signatories, or by at least six of them if they together account for 85 percent of the combined gross domestic product of the entire group. The United States represents 60 percent of the combined GDP, so there is no way to meet that 85 percent threshold without U.S participation.
【川普誓言上任第一天就退出跨太平洋贸易协定】相关文章:
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