|European Union Institute for Security Studies (EU ISS)
|No.7, March 2017
|Journal | Series | Blog
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.
|Countries / Regions
|Europe, United States