Latest Breaking News
Showing Original Post only (View all)US announces withdrawal from TPP [View all]
Source: Asia.Nikkei
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.
Trump had the lowest approval rating of any incoming president at around 40%, and at least 60 Democratic legislators boycotted his inauguration. Though the Republican Party took back the White House for the first time in eight years and holds a majority in both houses of Congress, the administration's future path depends on how much public support it receives.
Read more: http://asia.nikkei.com/Spotlight/Trump-era-begins/US-announces-withdrawal-from-TPP
I'm actually not sad to see this fail.