Skip to main content

Donald Trump withdraws US from TPP





US President Donald Trump has killed America's involvement in the Trans-Pacific Partnership mega free trade deal with Australia, New Zealand, Japan and eight other Pacific nations.
Trump signed an executive order on Monday to withdraw the US from the TPP.
"Everyone knows what that means, right?" Trump said at the signing ceremony in the White House.
"We've been talking about this for a long time.
"It's a great thing for the American worker."
It is a major blow to the Australian government, with Prime Minister Malcolm Turnbull holding out hope Trump might not go ahead with his TPP election promise.
Australian Trade Minster Steven Ciobo, who is in the US, said on the weekend he has been speaking with remaining TPP nations "on ways to lock in the benefits from the TPP" without US involvement.
Withdrawing from the TPP is one of Trump's first major moves since being sworn in as president on Friday.
Trump said on Monday he is pursuing what he calls "fair trade", not free trade, and he has China and Japan in his sights.
He called out Japan for making "it impossible to sell" US cars in Japan.
"If you want to sell something into China and other countries it's very, very hard," Trump told a meeting of chief executives of some of America's biggest companies earlier on Monday.
"In some cases it's impossible.
"They won't even take your product.
"But when they do take your product they charge you a lot of tax.
"I don't call that free trade.
"What we want is fair trade."
In the meeting with company heads, including Australian Dow Chemical chief executive Andrew Liveris who was appointed as one of Trump's key advisers, the president laid out his plans to cut regulations for businesses in the US and slash the company tax rate from 35 per cent "down to anywhere from 15 to 20 per cent".
"What we want to do is bring manufacturing back to our country," he told Liveris and the chief executives of other companies including Ford, US Steel and Lockheed Martin, said.
He said companies that moved factories out of the US and then tried to sell its products back to America would be punished with a "very major border tax".


Labels

Labels:

Comments

Post a Comment

Popular posts from this blog

Jane the Virgin Season Finale Recap: The Wedding of Jane Gloriana Villanueva

Ivonne Coll as Alba, Gina Rodriquez as Jane, Andrea Navedo as Xo. If I could write this whole recap with emojis, there'd be several varieties of hearts, the running man, the dancing woman, and lots and lots of fires and heart-eyed faces. Those creepy dancing twin girls would also make an appearance. And there'd be a gun. My imaginary emoji recap is appealing because it's incredibly hard to come away from a blockbuster hour of television like "Chapter Forty-Four" and pull together coherent thoughts that aren't just "AHHH!" or "WHY would you get ICE for the DAMN CHAMPAGNE?!" or "OMG FACE OFF MASK!" or "Why isn't all of life just Jane and Rogelio doing that father/daughter dance forever?" But I'll give it a try. Jane the Virgin 's season finale is a narrative fireworks display, a shock-and-awe storytelling spectacular that short-circuits emotional processing centers with blazing confidence. It drops j...
Post a Comment
Read more

Who Is Zuleyka Rivera? 5 Things To Know About The ‘Despacito’ Actress

With ‘Despacito’ up for Record of the Year at the 2018 Grammy Awards, here’s everything you need to know about the music video’s actress — Zuleyka Rivera! 1. She’s a renowned beauty queen.  Not only did she claim the Miss Universe Puerto Rico title, Zuleyka eventually took the top prize and was later crowned Miss Universe in 2006. 2. After her huge Miss Universe win, she studied acting and eventually became a TV star.  She now lives in Miami where she’s frequently a special guest or a host on shows like  Un Nuevo Dia  on Telemundo and  Despierta America  on Univision. Before that, she became a breakout star by appearing on several Televisa soap operas in Mexico. 3. In addition to modeling, she also owns her own clothing line.  On top of running her own teen-ware clothing collection, she also has three fragrance lines called the Karisma, Zuleyka and Zuleyka 2010. If that wasn’t impressive enough, she also started an amazing swims...
Post a Comment
Read more

The Zipless, First-Person Violence of “Hardcore Henry”

The movie’s hyperkinetic action was shot using tiny GoPros. CREDIT STX ENTERTAINMENT / COURTESY EVERETT Raised from a watery chamber resembling a womb, Henry, a full-grown man, looks out on the world as if for the first time. Viewers see Henry’s world through his own eyes (which is how all of “Hardcore Henry” is made), and his prospects seem circumscribed. Henry finds himself in a hospital-like setting; he’s unable to speak, and he’s missing an arm and a leg. In short order, however, a medical professional named Estelle (Haley Bennett) fits him with high-tech prostheses, which she snaps into place, attaches to his body, and covers with a coating of his own skin. Henry is also suffering from memory loss, and Estelle reminds him of one detail: they’re husband and wife. When armed invaders breach the operating room, Henry discovers what Estelle already knew—that they’re someplace in the sky, inside an airplane—and husband and wife clamber through vents to reach a conveniently located ...
Post a Comment
Read more