US President Donald Trump signed an executive order formally withdrawing the US from Trans-Pacific Partnership trade agreement. This was reported by Bloomberg agency.
“We’ve been talking about this for a long time,” Mr. Trump said as he signed a document formalizing his decision. He also added that withdrawal from the trade pact is a “great thing for the American worker.”
According to Trump, the alternative to "catastrophic" TPP, which he criticized during the presidential race, will be "fair bilateral trade deals," which will return jobs to the US.
As it was reported earlier, Trump promised to leave the Trans-Pacific Partnership, which was signed by Barack Obama on February 4, 2016 in Auckland (New Zealand). At the same time, German Chancellor Angela Merkel criticized the intention of the US President Donald Trump of his country's exit from the Trans-Pacific Partnership.