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Trump Withdraws U.S. from Massive TPP Trade Deal

HeadlineJan 24, 2017

President Donald Trump withdrew the United States from the sweeping Trans-Pacific Partnership trade deal, known as the TPP, on Monday. It would have encompassed 12 Pacific Rim nations, including the U.S., and 40 percent of the global economy. The TPP faced years of global public resistance by those who say free trade deals benefit corporations at the expense of health and environmental regulations. The TPP became a major issue during the 2016 presidential campaign. Donald Trump, Vermont Senator Bernie Sanders and, eventually, former Secretary of State Hillary Clinton all said they would withdraw from the deal, if elected. Lori Wallach of Public Citizen’s Global Trade Watch said Trump’s executive order Monday “will bury the moldering corpse of a deal that couldn’t gain majority support in Congress, but the question is going forward: Will President Trump’s new trade policies create American jobs and reduce our damaging trade deficit while raising wages and protecting the environment and public health not just here but also in trade partner nations?”

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