Trump executive order pulls out of TPP trade deal

President Donald Trump on Monday will start to unravel the behemoth trade deal he inherited from his predecessor, as he signed an executive action to withdraw from the negotiating process of the Trans-Pacific Partnership.

That executive action sends signals to Democrats and leaders in foreign capitals around the world that Trump`s rhetoric on trade during the campaign is turning into action.

Trump vowed during the campaign to withdraw the US from the Pacific trade deal, commonly known as TPP, which he argued was harmful to American workers and manufacturing.

The TPP was negotiated under former President Barack Obama, but never ratified by Congress, so withdrawing from it will not have an immediate, real effect on US economic policies, although it does signal a new and very different US outlook on trade under Trump.

The other executive actions signed Monday included reinstating the Mexico City abortion rules and instituting a hiring freeze for federal agencies.

Source: CNN, BBC