US to quit TPP, says Trump

Dhaka,  Sun,  04 December 2016
Published : 23 Nov 2016, 00:19:44

US to quit TPP, says Trump



NEW YORK, Nov 22 (Agencies): President-elect Donald Trump says the US will quit the Trans-Pacific Partnership (TPP) 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.

Trump outlined the plans on Monday for his first day in office, including withdrawing from TPP and investigating abuses of work visa programmes, and met with Cabinet hopefuls at his Manhattan office tower.

Trump met with Oklahoma Governor Mary Fallin, Democratic U.S. Representative Tulsi Gabbard and former Texas Governor Rick Perry.

But he announced no further appointments, keeping candidates and the public guessing about the shape of the administration that will take office on Jan. 20.

Fallin, Gabbard and Perry were the latest of dozens of officials who have made their way across the opulent lobby of Trump Tower for talks with the Republican president-elect in a relatively open - and unconventional - transition process since his election victory on Nov. 8.

The TPP trade deal was signed by 12 countries which together cover 40 per cent of the world's economy.

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.

During the US presidential election campaign, Mr Trump gave broad brush arguments against the pact, and used plenty of colourful language.

In June 2016 he described it as "another disaster done and pushed by special interests who want to rape our country, just a continuing rape of our country". In another speech he referred to the TPP as "the greatest danger yet".

But while there was plenty of talk about "taking back control" of the US economy, there were few specifics.

Announcing the plan to pull out of the TPP, he said that the US would "negotiate fair, bilateral trade deals that bring jobs and industry back onto American shores".

In the video message, Mr Trump said his governing agenda would be based on "putting America first" and that he and the new administration would "bring back our jobs".

Besides quitting the TPP, he committed to several other executive actions that he said he would take on day one.

He said he would cancel restrictions on US energy production. Last year, President Obama brought in the Clean Power Plan, an anti-climate change measure which aimed to reduce carbon emissions from the power sector by 32 per cent by 2030 compared with 2005 levels.

Mr Trump said: "I will cancel job-killing restrictions on the production of American energy, including shale energy and clean coal, creating many millions of high-paying jobs."
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