Wand, 24 января 2017 г., 4:09
(Photo not found) President Donald Trump has fulfilled a campaign pledge by signing an executive order to withdraw from the Trans-Pacific Partnership (TPP). The 12-nation trade deal was a linchpin of former President Barack Obama's Asia policy. "Great thing for the American worker what we just did," said Mr. Trump as he dumped the pact with a stroke of a pen. He also cut funding for international groups that provide abortions, and froze hiring of some federal workers. Mr. Trump's executive order on TPP was largely symbolic since the deal has not been ratified by a divided US Congress. During his presidential campaign, he criticized the accord as a "potential disaster for our country", arguing it harmed US manufacturing. - What is the TPP? • The trade deal, which covered 40% of the world's economy, was negotiated in 2015 by nations including the US, Japan, Malaysia, Australia, New Zealand, Canada and Mexico • TPP's stated aim was to strengthen economic ties and boost growth, including by reducing tariffs • It included measures to enforce labour and environmental standards, copyrights, patents and other legal protections • The agreement, backed heavily by US business, was designed to potentially create a new single market likened to the EU • Critics argued it was a not-so-secret gambit to box in China, which is not part of the agreement The Trump administration's first weekday began with a flurry of executive orders, which allow the president to bypass Congress by issuing legally binding directions, mostly of limited scope, to federal agencies. Mr. Trump also signed an order blocking foreign aid or federal funding for any nongovernmental organization that provides abortions abroad. The so-called Mexico City policy was first established by Republican President Ronald Reagan in 1984. It is typically rescinded by incoming Democratic presidents, including Barack Obama in 2009, and reinstated by Republican presidents. Also on Monday morning, the new president pledged to "massively" cut regulations and taxes on companies, but impose "a very major border tax" if they move factories outside the US. "All you have to do is stay," he told executives from 12 companies including Lockheed Martin, Under Armour, Whirlpool, Tesla and Johnson & Johnson. Source: www.bbc.com/news/world-us-canada-38721056
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