US announces withdrawal from TPP

Soon after President Donald Trump was sworn in, his administration announced the U.S. withdrawal from the Trans-Pacific Partnership, a trade pact championed by former President Barack Obama and Japanese Prime Minister Shinzo Abe. The White House on Friday also wasted no time in declaring a renegotiation of the North Atlantic Free Trade Agreement, or NAFTA. Trump is expected to take a more isolationist, protectionist stance, and the international community is concerned that the U.S. will continue to draw inward.
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