President Trump signs executive order withdrawing US from TPP
Making good on a campaign promise, President Trump on Monday signed an executive order withdrawing the United States from the controversial Trans-Pacific Partnership trade deal.
He also signed two other orders — one placing a hiring freeze on some federal workers and the other reinstating a ban on funding for international groups that perform abortions.
The TPP, a giant and semi-secret 12-member free-trade agreement advocated by the Obama administration, aimed to deepen economic ties between the U.S. and 11 other Pacific Rim nations, cut taxes and foster trade to boost economic growth in the process.
“We’ve been talking about this for a long time,” Trump said, as he signed the document. He called the order to pull out of TPP a “great thing for the American worker.”