Africa Map

African Press Agency

African Press Agency Logo
   

 Home
 Country Profile
 Useful Links
 Contact us

Home

US/TrumpBack
[Published: Sunday November 19 2023]

 Trump vows to kill Asia trade deal being pursued by Biden if elected

 
By Nathan Layne
 
FORT DODGE, Iowa, 19 Nov. - (ANA) - Donald Trump, the frontrunner for the Republican presidential nomination, said on Saturday that he would kill off a Pacific trade pact being advanced by U.S. President Joe Biden if he were to win the 2024 election and return to the White House.
 
Speaking to supporters in Iowa, Trump said he was against the regional trade deal being negotiated by the Biden administration with 13 other countries, arguing that it would hollow out U.S. manufacturing and trigger job losses.
 
Talks on the trade sections of the Indo-Pacific Economic Framework (IPEF), which is aimed at offering the region an alternative to China's growing trade clout, stumbled in recent days after some countries, including Vietnam and Indonesia, declined to commit to strong labor and environmental standards.
 
Trump, who withdrew from the Trans-Pacific Partnership (TPP) trade deal that had been forged with many of the same countries after taking office in January 2017, said he would "knock out" what he referred to as "TPP Two" immediately upon taking office.
 
"Under the next administration... the Biden plan for 'TPP Two' will be dead on day one," Trump said at a campaign event in Fort Dodge, about 94 miles (150 km) north of Des Moines.
 
"It's worse than the first one, threatening to pulverize farmers and manufacturers with another massive globalist monstrosity designed to turbocharge outsourcing to Asia."
 
The Biden administration had hoped to finish key chapters of its IPEF trade initiative in time for this week's Asia-Pacific Economic Cooperation (APEC) meeting. It has vowed to continue negotiating the ambitious deal, but election-year pressures and resistance to tough commitments from some countries make a deal unlikely, trade experts and business groups say.   - (ANA) -
 
AB/ANA/19 November 2023 — - -
 
 
 

North South News website

Advertise banner

News icon Israel/Gaza Massacre
News icon UN/West Bank
News icon UK/Israel/Gaza
News icon Trump/Agenda
News icon Darfur/HRW
News icon US/Chip Companies
News icon Greece/Migrants
News icon US/Space Missions
News icon Eurojust/Terrorist Communication
News icon IFAD/Canada

AFRICAN PRESS AGENCY Copyright © 2005 - 2007