President-elect Donald Trump said Monday that on his first day in office next January he will begin the process of withdrawing from the Trans-Pacific Partnership (TPP), a prospective trade deal which has been a centerpiece of the Obama administration’s “rebalance” to Asia, but which Trump while campaigning called “horrible.”
Trump said in an online video message on priorities for his first 100 days that he has asked his transition team “to develop a list of executive actions we can take on day one, to restore our laws and bring back our jobs. It’s about time.”
“On trade, I am going to issue our notification of intent to withdraw from the Trans-Pacific Partnership, a potential disaster for our country,” he said. “Instead, we will negotiate fair, bilateral trade deals that bring jobs and industry back onto American shores.”
Trump characterized the move a part of a plan to advance the simple core principle of “putting American first.”
“Whether it’s producing steel, building cars, or curing disease, I want the next generation of production and innovation to happen right here, on our great homeland, America – creating wealth and jobs for American workers,” he said.
The TPP partners the U.S. with 11 countries on either side of the Pacific – Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.