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Trump takes executive action withdrawing U.S. from TPP, collapsing deal

January 23, 2017 at 2:03 PM
President Trump on Jan. 23 signed a presidential memo formally withdrawing the United States from the Trans-Pacific Partnership, assuring the Obama administration's flagship trade agreement will not come into force as negotiated and prompting TPP opponents to clamor for a larger reorientation of trade policy. Trump's actions appear to be the final nail in the coffin for TPP as U.S. ratification is a precondition for it to come into force. The agreement requires ratification by at least a group of...

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