It is official. The United States has formally pulled out of the Trans-Pacific Partnership, otherwise known to everyone as the TPP.
As one of his first acts of business, President Donald Trump signed an executive order to make an exit from the TPP, something that his predecessor had negotiated but could never fully ratify. Often referred to as the Gold Standard of trade deals by Democrats, particularly Hillary Clinton, it became one of the key targets of the Trump campaign throughout the 2016 election.
Trump immediately called the move “a great thing for the American workers.”
He was even given kudos by socialist Vermont Senator Bernie Sanders.
“I am glad the Trans-Pacific Partnership is dead and gone. For the last 30 years, we have had a series of trade deals — including the North American Free Trade Agreement … which have cost us millions of decent-paying jobs and caused a ‘race to the bottom,’ which has lowered wages for American workers,” Sanders said in a statement. “Now is the time to develop a new trade policy that helps working families, not just multi-national corporations. If President Trump is serious about a new policy to help American workers then I would be delighted to work with him.”
Some of the most establishment Republicans were not too pleased with the executive order, including Senator John McCain, who called it a “serious mistake.”
It remains unclear if Trump will work with the 11 other nations on a new trade pact.
Moreover, there wasn’t any mention to the North American Free Trade Agreement (NAFTA).
This should definitely be considered a victory for everyone. The TPP was not about trade but rather “lawfare.” It enhanced the power of corporations and unions over the citizens, it was one step closer to global government and it was permanent so you couldn’t get out of it (SEE: Why everyone should be afraid of the Trans-Pacific Partnership (TPP)).
The end of the TPP is a good thing for liberty.
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