Trump pulls United States out of TPP; intends to pursue bilateral agreements
On January 23, 2017, fulfilling a campaign pledge, U.S. President Donald Trump formally withdrew the United States from the Trans-Pacific Partnership (TPP), signed in February 2016. The Trump administration indicated that it would pursue bilateral agreements instead.
In his campaign, the U.S. President also promised to renegotiate the North American Free Trade Agreement (NAFTA) with Canada and Mexico. In a meeting with Canadian Prime Minister Justin Trudeau on February 13, Trump said that U.S.–Canada trade relationships needed mere “tweaking,” while U.S.–Mexico relations posed greater challenges.