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Trump: US to quit TPP trade deal on first day in office | 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. | 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. | 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 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. | 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. | 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. | His surprise election win two weeks ago has sparked protests across the US. |
The TPP was agreed in 2015 by countries including Japan, Malaysia, Australia, New Zealand, Canada and Mexico, but is not yet ratified. | |
Its aim was to deepen economic ties and boost growth but its opponents said it was negotiated in secret and it favours big corporations. | |
What is the TPP and why does it matter? | |
Asia-Pacific leaders meeting in Peru over the weekend said they will continue to pursue free trade deals despite Mr Trump's opposition. | |
But on Monday, Japanese Prime Minister Shinzo Abe said the TPP trade deal would be meaningless without the involvement of the US. | |
In the video message, Mr Trump said his governing agenda would be based on "putting America first". | |
The six executive actions he would take on day one are: | |
The president-elect has spent the last week starting to put together his new team. | |
The people around Donald Trump |