Inside Story (Al Jazeera) The US President-elect has promised to withdraw from the world’s largest free-trade agreement.
US President-elect Donald Trump has vowed to quit a proposed 12-country free-trade bloc – the Trans-Pacific Partnership (TPP) – and renegotiate other trade deals upon entering the White House.
Trump called the TPP “a potential disaster” for the US in a social media video message published late on Monday, pledging instead to negotiate “fair bilateral trade deals that bring jobs and industry back onto American shores”.
Although the TPP terms were settled more than a year ago, the pact was never taken up by US Republican leaders in Congress, in part because of anti-free-trade rhetoric in the presidential campaign.
Trump’s comments would appear to snuff out any hopes among other TPP countries that the pact championed by President Barack Obama could be revived under the new administration.