US President Donald Trump indicated that he will ask the Unites States to quit the Trans-Pacific Partnership or TPP deal as soon as he is in the White House.
Trump said that as soon as he will take office in January, quitting TPP will be the first decision he is going to take. The announcement came as part of a video message. The message outlined the things that are priorities for the newly elected president. Trump said that he will issue a notice asking the nation to opt against TPP, which was backed by former President Barack Obama. He called the deal a “potential disaster” for America.
According to Trump’s YouTube video, the nation should rather negotiate fair and bilateral trade deal. In the message, besides TPP, the president also mentioned the energy production limit fixed by Obama and said that he will cancel the administration’s rules concerning the energy consumption strategy.
Trump added he would ask his Labor Department to examine the visa programs offered by the nation. He indicated severing immigration rules that might lead to the decline in the number of human resources in the country. If intake of foreign workers would be limited, the industrial sectors will have to suffer in terms of skilled manpower.
Trump also unveiled his plans of ordering security agencies to have some efficient cybersecurity strategies and take control of the breaching of private data. Besides all other points, the president vowed to ensure reduction of “job-killing restrictions” as far as coal-producing companies are concerned, according to Washington Times.
Trump acting against TPP might mean reactions from the rest of the world. There are 12 countries that signed the TPP deal in 2015 and agreed to the trade terms. These nations included New Zealand, Australia, Malaysia, US, Japan, Canada and Mexico. The TPP deal was introduced to make sure every nation in the world is in coordination with others to boost growth and economic ties at reduced tariffs.
Online Source: Aussie Network News.
