As Zero Hedge previewed and was widely expected, President Trump has just signed 3 executive orders, including one which withdraws the U.S. from the TPP:
— Bloomberg TV (@BloombergTV) January 23, 2017
*TRUMP SIGNS EXECUTIVE ACTION TO WITHDRAW FROM TPP
*TRUMP SIGNS ORDER FOR FEDERAL HIRING FREEZE EXCEPT MILITARY
*TRUMP SIGNS EXECUTIVE ACTION TO LIMIT ABORTION FUNDING OVERSEAS
As AP reports, President Donald Trump is signing a memorandum to leave the proposed Pacific Rim trade pact known as the Trans-Pacific Partnership.
“The move is basically a formality, since the agreement had yet to receive required Senate ratification.
Trade experts say that approval was unlikely to happen given voters’ anxiety about trade deals and the potential for job losses.
“It remains unclear if Trump would seek individual deals with the 11 other nations in TPP— a group that represents roughly 13.5 percent of the global economy, according to World Bank figures.
“Trump has blamed past trade deals such as the North American Free Trade Agreement and China’s entrance into the World Trade Organization for a decline in U.S. factory jobs.”
Trump was forceful in his comments after the signing, noting that exiting TPP “is a great thing for the American worker.”
A second Executive order confirms a federal hiring freeze, “except for military,” President Trump tells reporters while signing order.
“President Donald Trump is signing a memorandum that freezes hiring for some federal government workers as a way to reduce payrolls and rein in the size of the federal workforce.
“Trump’s directive is fulfilling one of his campaign promises. He tells reporters that members of the military will be exempted from the hiring freeze.
“The new president has vowed to take on the federal bureaucracy and the action could be the first step in an attempt to curtail government employment.
“The memorandum signed by Trump’s is similar to one that President George W. Bush signed at the start of his administration in 2001.”
And a third executive order saw President Donald Trump is reinstating a ban on providing federal money to international groups that perform abortions or provide information on the option.
“The regulation has been something of a political football, instituted by Republican administrations and rescinded by Democratic ones since 1984.
“Most recently, President Barack Obama ended the ban in 2009.
“Trump signed it one day after the Jan. 22 anniversary of the Supreme Court’s 1973 Roe vs. Wade decision that legalized abortion in the United States, the date which is traditionally when presidents take action on the policy.
“The policy also prohibits taxpayer funding for groups that lobby to legalize abortion or promote it as a family planning method.”
Here is a brief summary of what Trump can (and can not do) on day one. Exhibit 3 lists the President’s “Contract with Voters”, which includes several items that can be accomplished through executive action but involves significant legislative activity as well.