Arguably, one of the most polarizing presidents in US history, Donald Trump has followed through with one of his most potent campaign promises – overturn the Trans-Pacific Partnership (TPP).
By executive order, Trump swiftly signed away the deal, receiving congratulations from many progressive politicians, including Bernie Sanders and Elizabeth Warren.
“Great thing for the American worker, what we just did,” Trump said as he signed that presidential memorandum at the Resolute desk in the Oval Office.
The TPP had put a lot of people on edge, as it was created in secret by Wall Street business people behind closed doors.
One of the horrific clauses of the failed trade deal was the “Investor-State Dispute Settlement,” that would have allowed corporations to sue governments that cost them profits.
To clarify, had the citizens of the United States voted to put ecological restrictions on who could drill for oil where, Shell and Exxon could have sued the citizens for loss of profits.
Sanders, particularly, spoke highly of the move. “I am glad the Trans-Pacific Partnership is dead and gone,” he said.
“For the last 30 years, we have had a series of trade deals – including the North American Free Trade Agreement, permanent normal trade relations with China and others – which have cost us millions of decent-paying jobs and caused a ‘race to the bottom’ which has lowered wages for American workers.
Now is the time to develop a new trade policy that helps working families, not just multinational corporations. If President Trump is serious about a new policy to help American workers, then I would be delighted to work with him.”
Good signs from a move that transcends party lines.