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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 |
(about 1 hour 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 as soon as he assumed power. | |
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. | 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 say it was negotiated in secret and it favours big corporations. | |
Reaction to Trump quitting TPP | |
What is the TPP and why does it matter? | 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. | 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. | 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". | 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 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 president-elect has spent the last week starting to put together his new team. |
The people around Donald Trump | The people around Donald Trump |
He said in the video that "truly great and talented men and women, patriots are being brought in and many will soon be a part of our government". | |
Some key appointments have been made, but not without controversy. | |
Alabama Senator Jeff Sessions, who was turned down as a federal judge in 1986 due to racism complaints, will head the Justice Department. | |
And the news that Steve Bannon, former editor-in-chief of the conservative Breitbart website, was the new White House strategist was welcomed by former Ku Klux Klan leader David Duke. | |
One of Trump's immigration advisers, Kris Kobach, was unwittingly photographed meeting him while holding a document on view that contained some hardline proposals. | |
Among them was the re-introduction of registration for people arriving from mostly Muslim countries, which was brought in after the September 11 attacks but later dropped. | |
More on the Trump transition |