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US to Quit TPP Trade Deal on Trump’s First Day in Office

Tuesday, November 22, 2016

We may finally be getting a hint as to how president-elect Trump will run the United States of America after his inauguration in January. It looks like TPP (the Trans-Pacific Partnership), a trade deal to lower tariffs between major economies such as the US, Japan, Australia, Canada and Mexico, is in the president-elect’s sights. Mr Trump has promised to quit the deal on his first day office, in an attempt to bring jobs back to US shores. Because the TPP is such a major trade deal covering 40% of the world economy, this would be a huge blow to globalisation and creating the most efficient process of production to help consumerism by keeping prices low. The loss of TPP would be a sad blow to the remaining 11 countries, but it would be a huge loss to the US.

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