Trump Moves to Pull US out of Pacific-Rim Trade Deal

Trump Moves to Pull US out of Pacific-Rim Trade Deal
President Donald Trump shows the Executive Order withdrawing the US from the Trans-Pacific Partnership after signing it in the Oval Office of the White House in Washington, DC on Jan. 23, 2017. (Ron Sachs - Pool/Getty Images)
The Associated Press
1/23/2017
Updated:
1/23/2017

President Donald Trump greets Wendell P. Weeks (R) Chief Executive Officer of Corning, as he host breakfast with business leaders in the Roosevelt Room of the White House in Washington on Jan. 23, 2017. (AP Photo/Pablo Martinez Monsivais)
President Donald Trump greets Wendell P. Weeks (R) Chief Executive Officer of Corning, as he host breakfast with business leaders in the Roosevelt Room of the White House in Washington on Jan. 23, 2017. (AP Photo/Pablo Martinez Monsivais)

Trump ran for office pledging to overhaul U.S. trade policy, arguing that massive free-trade agreements have disadvantaged American workers. Since winning the White House, he’s aggressively called out companies that have moved factories overseas, vowing to slap taxes on products they then try to sell in the U.S.

“Some people say that’s not free trade, but we don’t have free trade now,” Trump said Monday.

The president also reiterated his campaign pledge to lower taxes for companies, as well as the middle class, “anywhere from 15 to 25 percent.” He also called for cutting 75 percent of regulations, though he insisted that doing so would not compromise worker safety.

Trump delivered a unifying message Sunday and sought to reassure Americans he was up to the daunting task ahead.

Speaking in the White House East Room during a swearing-in ceremony for top aides, the president warned his staff of the challenges ahead but declared he believed they were ready.

“But with the faith in each other and the faith in God, we will get the job done,” he said. “We will prove worthy of this moment in history. And I think it may very well be a great moment in history.”

Trump said his staff was in the White House not to “help ourselves” but to “devote ourselves to the national good.”

President Donald Trump hosts breakfast with business leaders in the Roosevelt Room of the White House in Washington on Jan. 23, 2017. (AP Photo/Pablo Martinez Monsivais)
President Donald Trump hosts breakfast with business leaders in the Roosevelt Room of the White House in Washington on Jan. 23, 2017. (AP Photo/Pablo Martinez Monsivais)

Trump also announced that he’s set up meetings with Canadian Prime Minister Justin Trudeau and Mexican President Enrique Pena Nieto.

“We’re going to start some negotiations having to do with NAFTA,” he said of his meeting with Pena Nieto. Mexico is part of the free trade agreement with the U.S. and Canada. Trump said he also will discuss immigration and security at the border. He has promised to build a wall along the length of the southern border and insisted that Mexico will pay for it.

Later in the week, he'll address congressional Republicans at their retreat in Philadelphia and meet with British Prime Minister Theresa May.