WASHINGTON — Calling the 12-nation Trans-Pacific Partnership trade deal a “potential disaster for our country,” President-elect Donald Trump said Monday night he will seek to withdraw the U.S. from the trade pact on Day One of his administration.
Trump outlined in a video some of the executive actions, including in the areas of energy, immigration and regulations, that he plans to take on his first day in office, as part of his 100-day agenda.
“As part of this plan, I’ve asked my transition team to develop a list of executive actions we can take on Day One to restore our laws and bring back our jobs,” Trump said. “It’s about time.”
Trump railed against TPP, calling it a bad trade deal for American workers and repeatedly vowed to withdraw the U.S. from the deal.
His fervent antitrade rhetoric, combined with similar rhetoric from his challenger Democratic presidential candidate, Hillary Clinton, helped stall the deal from advancing in a lame-duck session of Congress.
Trade ministers signed TPP in early February. It includes the U.S., Australia, Japan, Mexico, Canada, Vietnam, Malaysia, Peru, Singapore, Chile, Brunei and New Zealand and aimed to remove barriers to trade to encompass nearly 40 percent of the world’s gross domestic product if enacted.
But the TPP trade deal also ran into broad opposition from Republicans and Democrats in Congress.
The Obama administration gave up last week on pursuing the sweeping trade deal that was seen as a cornerstone of President Obama’s legacy.
Trump said he plans to issue a notification to the other 11 TPP partner countries of his intent to withdraw the U.S. from the deal.
With the trade deal dead in the water, trade experts have said they expect Trump to negotiate smaller bilateral trade deals.
Trump hinted in the video statement that is the direction he might take on trade.
“We will negotiate fair, bilateral trade deals that bring jobs and industry back onto American shores,” Trump said.
“My agenda will be based on a simple core principle: putting America first,” Trump added. “Whether it’s producing steel, building cars, or curing disease, I want the next generation of production and innovation to happen right here, in our great homeland: America — creating wealth and jobs for American workers.”
Among the other actions he plans to take on are: canceling what he said are “job-killing” restrictions on the production of energy domestically, including shale energy and clean coal, which he said will create “many millions of high-paying jobs.”
On regulation, Trump said he plans to create a rule which states “that for every one new regulation, two old regulations must be eliminated.”
The president-elect also plans to direct the Department of Labor to investigate all “abuses of visa programs that undercut the American worker,” and task the Department of Defense and the Chairman of the Joint Chiefs of Staff with developing a comprehensive plan to protect the country’s infrastructure from cyber attacks and all other attacks.
On ethics reform, Trump reiterated his pledge to “drain the swamp” and said he will impose a five-year ban on executive officials from becoming lobbyists after they leave the administration, as well as a lifetime ban on executive officials lobbying on behalf of foreign governments.