25 January 2017

News Story: US withdraws from Trans-Pacific Partnership deal

Hanoi (VNA) - US President Donald Trump signed a decree to withdraw his country from the Trans-Pacific Partnership (TPP) trade deal on his first official working day in the White House on January 23.

Trump said the TPP, which grouped the US and 11 economic partners in Asia Pacific, will harm manufacturing and production in the US, and deprive US citizens of jobs. 

The deal had been discussed since 2009, during the presidency of Barack Obama, but the US Congress never ratified the agreement, and many legislators opposed it, or expressed doubts about its profitability

Read the full story at VietnamPlus