| Author (Person) | Ruano, Lorena |
|---|---|
| Publisher | European Union Institute for Security Studies (EU ISS) |
| Series Title | EUISS Brief |
| Series Details | No.7, March 2017 |
| Publication Date | 15/03/2017 |
| Content Type | Journal | Series | Blog |
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Upon taking office in January 2017, President Trump signed an executive order formally ordering the withdrawal of the US from the Trans-Pacific Partnership (TPP). This Brief examines the implications of Trump’s protectionist trade policies: the opportunities for third countries, as well the potential of sparking a trade war. Upon taking office, President Donald Trump confirmed his intention to swiftly carry out some of his campaign promises on trade, which he blames for the loss of blue-collar jobs, as it allegedly exposes US workers to ‘unfair’ competition and lower standards from abroad. The first casualty was the Trans-Pacific Partnership (TPP), an agreement signed by President Obama in 2015 after seven years of protracted negotiations with 11 partners that account for 44% of US exports. Still not ratified by Congress and criticised even by Hillary Clinton during the presidential campaign, TPP was a relatively easy target, so one of Trump’s first acts as President was to order the withdrawal of the US from it. |
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| Source Link | Link to Main Source https://publications.europa.eu/s/c5Wo |
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| Subject Categories | Trade |
| Countries / Regions | Europe, United States |
