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Trump: I'll Ditch TPP Trade Deal on Day One of My Presidency (arstechnica.com)

US President-elect Donald Trump has confirmed that the U.S. will pull out of the Trans-Pacific Partnership (TPP) -- a trade deal involving 12 Pacific Rim nations -- "on day one" of his presidency. From a report on ArsTechnica: Trump, in a YouTube video outlining plans for his first 100 days in office, said: "I'm going to issue our notification of intent to withdraw from the Trans-Pacific Partnership, a potential disaster for our country." He added: "Instead, we will negotiate fair, bilateral trade deals that bring jobs and industry back on to American shores." An emphasis on bilateral trade deals may call into question both the Trade in Services Agreement (TISA), involving dozens of nations, and the Transatlantic Trade and Investment Partnership (TTIP). Although the latter is between the US and the European Union, the complex political structure of the EU means that effectively 28 nations are involved and can influence the outcome of the deal. This was demonstrated by the dramatic intervention of the Walloon regional government in the signing of CETA, the bloc's trade deal with Canada.

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  1. Do you now realize why Trump won? by Anonymous Coward · · Score: 5, Interesting

    Bernie Sanders' supporter here. I didn't vote on Nov. 8th, because I simply couldn't back a lobbyist like Clinton. By killing the TPP, and maybe also TiSA and TTIP, Trump has just taken the most progressive political choice in the last 40 years, it's the first real reversal of the globalization process, something unthinkable until a few years ago. Clinton would have surely "renegotiated" the TPP, and after few useless and cosmetic changes, passed it. After all, it was "the gold standard" for her. Obama himself wanted it, and he's technically supposed to be more progressive than Clinton.

    Surely I don't like many of Trump's proposals (slash taxes also for the rich, "clean" coal...), but on trade he could be the most "leftist" president in decades.

    Instead of complaining, next time choose the right candidate at the Democratic primaries.