Skip to content
Wednesday 9 September 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE · FR
MorningWire

European business, markets and politics

FTSE 100
10,670.06
-1.31%
DAX
25,576.45
-1.66%
CAC 40
8,156.67
-1.94%
STOXX 50
6,311.56
-1.58%
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
More
GermanyFranceEU InstitutionsCompetitionPublic AffairsBankingTechnologyEnergy
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
  • DE
Tuesday 22 November 2016 6:32 am

Donald Trump commits to take US out of TPP trade deal

By: Helen Cahill

Add as a preferred source on Google

President-elect Donald Trump has said he will scrap America's involvement in the Trans-Pacific Partnership (TPP) trade deal on his first day in office.

In a video message to Americans, he outlined some of the actions he will be taking on his first day in the White House.

Read more: His presidency could make or break the US: Would you serve under Trump?

The TPP deal was agreed by 12 countries in 2015, including the US, Japan, Malaysia, New Zealand and Mexico, but it has not been ratified by the individual participants.

The deal was intended to reduce trading tariffs between nations, and enforce various labour and environmental standards. However, critics of the agreement have said the negotiations were secretive and that it favoured large, multinational companies.

In his statement, Trump said: "On trade, I am going to issue a notification of intent to withdraw from the Trans-Pacific Partnership – a potential disaster for our country.

"Instead, we will negotiate fair bilateral trade deals that bring jobs and industry back onto American shores."

Read more: Downing Street tells Donald Trump: we have a US ambassador, he's great

During the campaign, Trump promised to "take back control" of the US economy. He did not go into huge amounts of detail, but his dislike for the TPP was clear. In June 2016 he said it was "another disaster done and pushed by special interests who want to rape our country, just a continuing rape of our country".

He also talked about energy in his video statement, saying he will cancel "job-killing restrictions" on American production.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business

Related Topics

  • International

Trending Articles

  • Hedge fund billionaire Chris Rokos joins UK wealth exodus 

  • Tesco and Boots lead 100,000 jobs pledge to tackle Neets crisis

  • Airport chaos latest: Heathrow, London City ‘starting to recover’ after air traffic control failure

  • Five lenders hike mortgage prices as interest rate threat looms

  • As it happened: FTSE 100 dives as oil prices surge past $100 in blow to inflation

More from Morning Wire

  • As it happened: UK stocks cool after Astrazeneca drags; Trump and Iran clash over peace talks

    FTSE 100 Live
    Donald Trump speaking at a desk, gesturing with hands, wearing a dark suit and red tie.
  • Oil price falls but Trump and Iran clash on negotiations claim

    Markets
    Donald Trump smiling in a blue suit and tie with an American flag pin, US flag in background
  • Trump suspends strikes amid new peace hopes

    Politics
    Donald Trump speaking at press conference podium, addressing media with serious expression, American flags in background
  • Donald Trump is creeping towards a shrewd sanctions policy

    Opinion
    Donald Trump holding a red TRUMP 2028 hat, wearing a tuxedo with an American flag in the background
  • As it happened: FTSE 100 mixed; oil breaks $91 as Trump rules out new US-Iran ceasefire

    FTSE 100 Live
    Donald Trump speaking emphatically at a podium, wearing a navy suit and blue tie, with a microphone and lights visible.
  • As it happened: Stocks rise as oil fluctuates after Red Sea attack; US-Iran deal ‘being circulated’

    FTSE 100 Live
    Donald Trump delivering a speech at a podium during a formal event, emphasizing key points to an attentive audience.
  • As it happened: Oil prices tumble as Bessent says US-Iran deal imminent; miner stocks rally

    Markets
    Scott Bessent, a man with gray hair and glasses, wearing a blue suit and striped tie, looking to the side.
  • As it happened: Intel, Arm shares slide; Oil climbs higher

    FTSE 100 Live
    Donald Trump smiling and holding a small golden ball, wearing a blue suit and red tie.
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • EU Institutions
  • Europe

Business

  • Markets
  • Business
  • Economy
  • Regulation
  • Competition
  • Public Affairs

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook