Trump's trades - Nafta and TPP
Synopsis
Donald Trump withdraws from TPP and seeks to renegotiate NAFTA on his first day in office.
Synopsis
On his first working day in office, Donald Trump takes decisive action against major free trade agreements involving America. He signs two executive orders: one to withdraw the U.S. from the Trans-Pacific Partnership (TPP) and another to renegotiate NAFTA, the trade deal with Canada and Mexico established in 1994. Trump's actions reflect his long-standing criticism of American trade deals, which he claims have led to job losses. The implications of withdrawing from TPP and renegotiating NAFTA raise questions about the future of North American supply chains, particularly in the automotive industry. While Trump may aim to boost his standing with supporters, the actual changes to NAFTA could be minimal, as it has already been updated to meet TPP's standards on labor rights and environmental issues. This situation highlights the tension between Trump's protectionist instincts and the complexities of global trade.
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