In yet another bold move in their initial days in office, U.S. President Donald Trump and team have announced their withdrawal from the controversial Trans-Pacific Partnership free trade agreement.
Claiming that Trump “understands how critical it is to put American workers and businesses first when it comes to trade,” the statement on the White House’s website promises to bring jobs and economic prosperity by “rejecting and reworking failed trade deals.” Earlier this month, his team also announced they would instead be focusing on more bilateral trade deals.
“This strategy starts by withdrawing from the Trans-Pacific Partnership and making certain that any new trade deals are in the interests of American workers,” the statement reads, then delivers an ultimatum regarding its commitment to the 1994 North American Free Trade Agreement, the neo-liberal wedge used to open up the Mexican market to trade by promising, and failing to deliver, economic prosperity.
“If our partners refuse a renegotiation that gives American workers a fair deal, then the President will give notice of the United States’ intent to withdraw from NAFTA.”
The statement, titled Trade Deals Working For All Americans, emphasizes Trump’s “lifetime of negotiating experience” as a selling point for withdrawing from the 12-nation agreement, which former President Barack Obama adamantly pushed.