Donald Trump will withdraw US from TPP

Donald Trump will withdraw US from TPP ‘on day one’ as he gives major policy address on what he will do in first 100 days as president. Donald Trump has said he will pull America out of the Trans-Pacific Partnership (TPP) trade deal the day he takes office, in a major policy announcement.The US president-elect had been clear during his election campaign about his opposition to the trade deal, President Barack Obama’s signature trade initiative, which was signed by 12 countries in February and covers 40 per cent of the world’s economy.

But in a first direct address to the country about what his policy priorities would be in his first 100 days, Mr Trump said he would immediately cancel the partnership, describing it as a “potential disaster for our country”.

“I’ve asked my transition team to develop a list of executive actions we can take on day one to restore our laws and bring back our jobs,” Mr Trump said.

“On trade, I am going to issue our notification of intent to withdraw from the Trans-Pacific Partnership,” he said.

“Instead, we will negotiate fair, bilateral trade deals that bring jobs and industry back onto American shores.”