In January 2017, just three days after taking office, President Donald Trump withdrew the United States from the Trans-Pacific Partnership, or TPP. This trade agreement involving about a dozen Pacific Rim countries would have reduced trade barriers and established rules governing trade in the region. “We’re going to stop the ridiculous trade deals that have taken … companies out of our country,” he stated. Trump had consistently argued that trade agreements such as the North American Free Trade Agreement (NAFTA) with Canada and Mexico were “a bad deal” for US workers and unfair to American business, allowing other countries “to take advantage of us.”
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