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Trump: US to quit TPP trade deal on first day in office | |
(35 minutes later) | |
President-elect Donald Trump says the US will quit the Trans-Pacific Partnership trade deal on his first day in the White House. | |
He made the announcement in a video message outlining what he intends to do first when he takes office in January. | |
The TPP trade deal was signed by 12 countries which together cover 40% of the world's economy. | |
The Republican also pledged to reduce "job-killing restrictions" on coal production and stop visa abuses. | |
But there was no mention of repealing Obamacare or building a wall on the southern border with Mexico, two actions he said during the campaign he would do on day one. | |
His surprise election win two weeks ago has sparked protests across the US. | |
On Monday, Japanese Prime Minister Shinzo Abe said the TPP trade deal would be meaningless without the involvement of the US. | |
What is the TPP and why dies it matter? |