Time: 3:50 p.m. CEST Update: 9:51 p.m. CEST
The United States President Donald Trump officially ended the participation of the U.S. in the Trans-Pacific Partnership by signing the executive order to annul former President Barack Obama signature to the TPP agreement.
President Trump, who had a meeting with the union leaders, as Mark Knoller, CBS News radio White House correspondent tweeted on January 23, “We just officially terminated TPP,” President Trump announced to applauding union leaders. He said the U.S. will now pursue one-on-one trade deals.Embed from Getty Images
The United States President Donald Trump uses executive order to cancel the Trans-Pacific Trade deal former president Barack Obama signed on February 4, 2016 with 12 nations of Asia region. CNN.com reported on January 23, the possible executive order after “two sources, familiar with the matter” said to CNN that the executive order would mean withdrawal of the negotiating process. CNN.com explains this should signal to Democrats and foreign leaders that Trump’s rhetoric is turning into action.
Former president Barack Obama strongly advocated for TPP, but Congress never ratified the deal. On Monday, Trump will meet union leaders and would have separate meetings with business leaders from several major companies and factories. CNN.com explains that it is a first step for new President’s agenda, focused on the blue collars workers.
As the Associated Press reports, Trump’s chief of staff, Reince Pribus, said on “Fox News Sunday,” that in the first full week in office, he would undo some of former President Barack Obama’s agenda. The AP says that Trump could sign some executive orders, but it was unclear which. Trump said he would cancel TPP and executive order given by Obama to defer deportations for 700,000 people, who came in the United States illegally, but as minors.
Later in the week, Trump will meet British Prime Minister Theresa May. Shortly after the inauguration, Trump faced protests and large Women’s March, opposing to some of his opinions and possible policies. On January 22, Trump said he will begin to renegotiate North American Free Trade Agreement and would be leaders of Canada and Mexico, the AP says.