Politico article Trump’s sudden decision to withdraw from the Trans-Pacific Partnership is bad for the U.S. economy and the global economy, according to economists who work on the trade agreement.
The decision by the president to withdraw is a setback for American workers, said the economists, who were asked to comment on Trump’s abrupt withdrawal by The Associated Press.
The economists, whose work was not published in the AP, spoke on the condition of anonymity because they were not authorized to speak publicly on the matter.
In a statement, Trump said his decision was based on his “continued commitment to working with partners to reach a strong and lasting agreement.”
He added: “The trade agreements that have been negotiated over the past decade have created more than 15 million American jobs, and they have created an enormous boost to our economy and our national security.
These agreements are an important component of the strategic vision of President Trump and the American people, and I look forward to working collaboratively with them over the coming months.”
Trump also made clear that he is willing to negotiate further on the TPP, but said the two sides need to work together on issues such as border security and energy policy.
“Our goal should be to achieve a trade agreement that is strong, fair and good for American businesses and workers, and we are working with our partners to make that happen,” Trump said.
Trump said the trade deal will be “one of the biggest jobs projects in the history of the United States” but did not offer specifics on what kind of jobs the U,S.
or TPP would create.
“We are looking forward to seeing what happens.
I’m confident that it will be one of the largest jobs projects, in the world, in terms of the amount of jobs that it creates,” Trump added.
The deal was negotiated between the U of A and nine Pacific Rim nations and was approved by Congress in 2015.
It was signed into law in December 2017 by President Donald Trump.
In January, Trump abruptly ended a three-year process that had been under way for the trade pact to be finalized, which the White House called a “once in a generation opportunity.”
It was meant to give the US. and other countries negotiating the pact the ability to work with their counterparts on key issues.
Trump announced his decision on Friday, saying the TPP was the “worst trade deal ever negotiated” and that it was “the single most disastrous trade agreement ever negotiated.”
In his statement, the president said he is “not giving up” on the agreement.
“For too long, the Obama Administration negotiated bad trade deals with unfair and costly regulations, and failed to protect American workers and American jobs,” Trump wrote.
“Now is the time to end the TPP and renegotiate the rules so American companies can compete and thrive in the global marketplace.”
Trump has previously said he wants to renegotiate or withdraw from NAFTA, the North American Free Trade Agreement, the Trans Pacific Partnership, and the Asia-Pacific Economic Cooperation Agreement, all of which have been in place for decades.
In March, Trump made headlines for calling NAFTA a “total disaster” and a “disaster for the United State.”
Trump said on Thursday that he would like to renegotiating NAFTA but added that the U.,S.
would not agree to a “sovereign-type agreement.”
“I think that would be terrible,” Trump told Fox Business Network.
“I’m not going to do it, but if I can’t get it done, we’ll look at other things.
But right now, we need a tremendous trade agreement.”
Trump’s statement comes just hours after The Wall Street Journal reported that Trump and other administration officials had been negotiating a “strategic partnership” that would give the administration a “major advantage” in the future talks on the U-turn.
“The administration has been negotiating with China, Japan, South Korea, the European Union and other partners to develop an ambitious economic partnership that could transform the global trading system,” the Journal wrote.
But it was unclear how long the president would be willing to work on it.