Executive Order Signed by Trump on Trade Deal
Executive order is signed by President Donald Trump to withdraw from the Trans-Pacific Partnership (TPP). This fulfills a campaign pledge he made during his campaign. The trade deal, was supported by ex-President Barack Obama. The Asia policy was signed by 12 nations.
Executive Order Means Withdrawing From TPP
The TPP covered 40 percent of the world’s economy. It was negotiated in 2015 by 12 nations including the US, Japan, Australia, Canada and Mexico. The goal was to strengthen economic ties and boost growth. It included measures to enforce labor and enviornmental standards, copyrights, patents and other legal protections. The agreement was heavily supported by US business.
The president also pledged today to massively cut regulations and taxes on companies, while imposing “a very major border tax” if they choose to move factories outside the US. Trump told executives from 12 companies, attending the meeting, “All you have to do is stay.”
Today the president also signed an executive action placing a hiring freeze on non-military federal workers. Another signature was placed on an order blocking foreign aid or federal funding for any nongovernmental organization that provides abortions abroad.
The president signed a number of orders which will allow the president to bypass Congress by issuing legally binding directions to federal agencies to take action on anything from White House decorations to foreign policy.