Asian Press Reporting US has Withdrawn from the TPP
Guest post by Joe Hoft
WikiLeaks has tweeted that the Asian Press is already reporting that the US has withdrawn from the Trans Pacific Partnership (TPP).
— WikiLeaks (@wikileaks) January 22, 2017
Trump stated in late November that the first thing he would do on his first day in office would be to pull out of the TPP. The TPP was expected to send more US jobs offshore and another major criticism is that the:
TPP will protect and guarantee profits for multinational corporations, at our expense. It gives corporations special rights to challenge U.S. laws or regulations that threaten the corporation’s “future expected profits.” These challenges are heard in an overseas secret tribunal, not accountable to any government.
Getting out of the TPP can’t come soon enough.
Soon after President Donald Trump was sworn in, his administration announced the U.S. withdrawal from the Trans-Pacific Partnership, a trade pact championed by former President Barack Obama and Japanese Prime Minister Shinzo Abe.
The White House on Friday also wasted no time in declaring a renegotiation of the North Atlantic Free Trade Agreement, or NAFTA. Trump is expected to take a more isolationist, protectionist stance, and the international community is concerned that the U.S. will continue to draw inward.
Trump was sworn in as the 45th president of the U.S. on Friday, repeating his campaign pledges of putting American interests first and restoring national glory to a deeply polarized public.