Trump’s Plan to Quit TPP Might not be a Good Idea…

A big focus of President-elect Donald Trump’s campaign was on trade and how he viewed that current trade agreements as unbeneficial to the American economy.

Instead, within the first 100 days he is in office, the new President said he intends to get America out of one key trade agreement: the Trans-Pacific Partnership (TPP).

“My agenda will be based on a simple, core principle: putting America first,” he said in a recentl video message released Monday.

“As part of this plan, I’ve asked my transition team to develop a list of executive actions we can take on Day 1 to restore our laws and bring back our jobs. These include the following: on trade, I’m going to issue a notification of intent to withdraw from the TPP, a potential disaster for our country.”

Instead, Trump wants to negotiate fair, bilateral trade deals that “brings jobs and industry back onto American shores.”


However, according to research done by statistics portal, the value of trade between the United States and the eleven countries involved is “far from insignificant, totaling over 1.5 trillion dollars in 2015.”

Infographic: The Value Of U.S. Trade With TPP Countries | StatistaYou will find more statistics at Statista

Read more by Wall St. Whisperer