Trump formally pulls U.S. out of TPP

January 23, 2017

The new U.S. president made good on one of his campaign promises Monday, formally withdrawing the United States from the Trans-Pacific Partnership, a trade deal negotiated by his predecessor but never ratified.

Donald Trump signed an executive order to pull out of TPP a little before noon ET, calling the move "great news for American workers."...

Reports Monday suggested the Trump administration would also sign an order to formally attempt to renegotiate NAFTA, but no such document was included in a series of executive orders...

Trump's son-in-law Jared Kushner is expected to meet with Canadian Prime Minister Justin Trudeau and members of his cabinet on Tuesday while the ministers are on a retreat in Alberta. Trade deals are expected to be front and centre in those discussions.

At last count, 38 U.S. states counted Canada as their largest trading partner, and those states won't want to see the border thicken in either direction.

This was excerpted from 23 January 2017 edition of CBC News.


Topic(s): 
World Economy & Politics
Information Source: 
Canadian News Channel / International News Channel
Document Type: 
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