ABOVE: Donald Trump signs executive order to withdraw U.S. from TPP
Story by Reuters and AM640
Donald Trump is taking steps to turn his “America first” talk into action, withdrawing from the TPP and promising to meet with Trudeau on NAFTA.
On Monday, the U.S. president signed an order signalling intentions to pull out from the 12-country Trans-Pacific Partnership trade deal.
Trump said withdrawing from the pact is “a great thing for the American worker.”
The TPP, which Canada has signed but not ratified, would need U.S. support to continue.
WATCH: Trump announces he will be meeting with Trudeau soon to discuss NAFTA renegotiation
On Sunday, the U.S. president said he plans talks soon with the leaders of Canada and Mexico to begin renegotiating the North American Free Trade Agreement.
“We will be starting negotiations having to do with NAFTA,” Trump said. “We are going to start renegotiating on NAFTA, on immigration and on security at the border.”
The NAFTA trade pact went into force 23 years ago. Trump pledged during his 2016 presidential campaign that if elected he would renegotiate it to provide more favorable terms to the United States.
Canada’s government, eager to sidestep potentially protectionist U.S. policies, said on Friday it was confident that Trump would see that working closely with Canada benefited both nations’ economies.
“We are confident the new Administration will see that Canada’s partnership with the U.S. mutually strengthens our two nations and provides real opportunities to grow our respective economies,” Joseph Pickerill, spokesman for Foreign Minister Chrystia Freeland, said in a statement.
Officials working for Prime Minister Justin Trudeau have held several meetings with the Trump team, stressing that Canada is the top export destination for 35 U.S. states and that 9 million U.S. jobs depend on trade with Canada.
Separately, Trudeau issued a statement congratulating Trump.
“Together, we benefit from robust trade and investment ties, and integrated economies, that support millions of Canadian and American jobs,” he said.
With files from Global News