Agricultural News
President Trump Signs Executive Order to Withdraw from TPP - Wants Deal that Puts Americans First
Mon, 23 Jan 2017 15:48:35 CST
Today, President Donald Trump signed an executive order withdrawing the United States from participating in the Trans-Pacific Partnership trade deal. President Trump campaigned on the notion that under his administration, the US would no longer seek to negotiate bilateral trade agreements, but rather pursue deals that upheld the interest of American workers and stakeholders.
The new White House website, outlines the Trump Administration's position on trade negotiation, which lists withdrawing from TPP as the first step to opening renegotiations internationally.
"For too long, Americans have been forced to accept trade deals that put the interests of insiders and the Washington elite over the hard-working men and women of this country. As a result, blue-collar towns and cities have watched their factories close and good-paying jobs move overseas, while Americans face a mounting trade deficit and a devastated manufacturing base.
"With a lifetime of negotiating experience, the President understands how critical it is to put American workers and businesses first when it comes to trade. With tough and fair agreements, international trade can be used to grow our economy, return millions of jobs to America's shores, and revitalize our nation's suffering communities.
"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. President Trump is committed to renegotiating NAFTA. 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.
"In addition to rejecting and reworking failed trade deals, the United States will crack down on those nations that violate trade agreements and harm American workers in the process. The President will direct the Commerce Secretary to identify all trade violations and to use every tool at the federal government's disposal to end these abuses.
"To carry out his strategy, the President is appointing the toughest and smartest to his trade team, ensuring that Americans have the best negotiators possible. For too long, trade deals have been negotiated by, and for, members of the Washington establishment. President Trump will ensure that on his watch, trade policies will be implemented by and for the people, and will put America first.
"By fighting for fair but tough trade deals, we can bring jobs back to America's shores, increase wages, and support U.S. manufacturing."
Since signing the executive order, withdrawing the US from TPP, several agricultural interest groups have issued statements publicly, expressing their concerns that the President does not understand the importance of trade to the US agriculture industry and the opportunities TPP presents to American producers.
Trump supporters suggest though that the President has significant prowess in negotiating deals and should be allowed the chance to oversee an even better trade than TPP, that puts American interests first.
Source - The White House
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