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PRESIDENT DONALD TRUMP has just signed a memo withdrawing the US from the controversial trade deal known as the Trans Pacific Partnership (TPP).
In the past hour, the new US leader signed a number of documents which will also see a federal government hiring freeze and an order limiting funding of foreign NGOs backing abortion.
The Trans-Pacific Partnership was a trade agreement among twelve of the Pacific Rim countries designed to boost trade in the region.
The 70-year-old property tycoon had outlined a list of priorities for his first 100 days and executive actions to be taken “on day one”, on half a dozen issues from trade to immigration, national security and ethics, in a push to “reform Washington and rebuild our middle class”.
“My agenda will be based on a simple core principle: putting America first,” said the president, whose victorious campaign tapped the anger of working-class Americans who feel left behind by globalisation, singling out trade deals such as the TPP as key culprits.
“On trade, I am going to issue our notification of intent to withdraw from the Trans-Pacific Partnership, a potential disaster for our country,” said Trump in a video message prior to his inauguration.
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Scuttle TTIP next please. Any so called trade agreement under that level of secrecy can be nothing but terrible for those citizens affected.
@Max Johnson Powers: The alternative will be even more secretive.
Thanks Donald good move
@Max Johnson Powers: don’t forget that it has to go through the houses for votes before it can be passed into law!
@Max Johnson Powers: it is pretty much dead as a lot of member states are already completely against it
@David Fülöp:
Congrats China…. Didn’t have to do a thing and you won today…
I hope he scraps TTIP too.
@Rosa Parks: What’s interesting is that most Europeans are strongly against ttp because they don’t want US style employment laws or companies being able to sue states which I’m assuming trump wants more of.
@Rosa Parks: CETA and the TiSA Agreement as well?
Well done Mr Trump on the TPP deal, it’s a pity our Gombeens in government hadn’t got a bit of backbone.
They did not understand it but the former East German shot putter told them to support it they did.
@Martin Ryan: Since when was IE part of TPP? Didn’t even know Ireland had a Pacific coast.
@Martin Ryan: Sanders hated it as well…
http://www.sanders.senate.gov/download/the-trans-pacific-trade-tpp-agreement-must-be-defeated?inline=file
Fantastic news!! Now we are talking a real admin Tpp is disease for workers rights
@Seanie#Irexit#NoTTIP: TPP was quite a different deal from TTIP…
Removes a western counterweight against the rise of China.
Ironic that Trump just did the Chinese a massive favour.
And he will spin this as protecting American jobs even though in the long run it just hurts trade.
China wasn’t a member but Australia, Canada and Mexico might be p!ssed off after 7 years of negotiations to finalise it. Megalomaniacs can be like that when something wasn’t their idea.
@Seanie#Irexit#NoTTIP: go away troll.
@Connor Barry: TTIP means Slave Labour,alive and well in Ireland,just look at todays Headlines about Dublin Airport,but you cant say that.
Yay.
Just handed the Asian economy over to the Chinese.
Diarmuid – You care about the Asian economy more than your own country? Typical leftie liberal
When Ttip comes, Diarmuid will cry
@Diarmuid: Not often Diarmuid gets accused of being a leftie on this site. Wally will be worried about the competition.
I’d rather have western economic and social values being influential in the world.
But yeah, maybe the Chinese will do a better job than a clueless isolationist buffoon in the White House.
@Superfiends: You do realise that TPP has nothing to do with Ireland, so Diarmuid’s criticism of Trump’s decision cannot possibly have anything to do with him hating his own country. The only thing I can think of is that you don’t realise that this is an Irish site where the majority of those who comment are Irish. You do seem to be somewhat confused
Diarmuid aka Liam Egan cares very deeply for his country that’s why he is busy day and night promoting the religion of peace
Agree. Handed Asia to China which will be more agressive. Chances of war slowly increasing
@Eye_c_u:
Good story bro -
Imagine having a Government leader that actually looks at what’s best for their country and then acts in their countries best interest.
Take note Kenny.
We can but dream Shakka, we can but dream.
Well done President Trump
You OK Dave?
@Alex Falcone, funny!
Perfectly fine Alex thanks for asking
Wonderful news.
The TTIP is a corporate scam being foisted on the working class of Europe. Corporations having the right to challenge government authority when their profit margins are under threat. In essence corporations dictating government policy.
@Alex Falcone: TPP is not TTIP
It might well be Alex but the article was referring to TPP not TTIP.
Exactly Barry. Keep posting it. People are mixing up two very different trade agreements.
*** Connor Barry *** Sorry, didn’t mean to be rude. Keep the facts and stats coming. They’re certainly needed around here…
Trump trolls creating Alternative Facts…
Thanks for the update guys.
@Alex Falcone: TTIP is certainly that. It was (an I hope it’s dead as most Europeans have rejected it) an attempt to foist US style business practices on us
Wow. Criticise Trump trolls and you get 45 red thumbs in a hour… double the entire amount for thumbs for the preceding comments.
Our FSB Ruskie friends are busy tonight!
@Diarmuid:
Maybe just a few monkies about that have no clue about trade or the anti-trade agreements that need to be stopped.
I don’t think so, his first real action and most approve. These international trade deals done behind closed doors with no citizen involvement, sometimes without even governmental oversight are clearly not good for Joe soap. The Russian comment just shows ignorance too, your leftie opinion is being down voted so it must be the russians
Let’s hope TTIP is next..
Good to see we’re allowed to comment on something this evening?? Closing comments on an article about a crime in Sweden..!!! Honestly???
Yes, because they know better than to allow the kind of comment that will inevitably occur based on pure speculation
@Stephen Duffy: I’m surprised they’re even reporting it here in the first place. It’s not particularly unusual in Sweden these days except for the fact they live streamed it.
For those that don’t know Marlowemallow has been responsible for the closure of comment sections before for exactly the reason I’ve mentioned above
Trump is also trying to limit funding for foreign NGOs which are supportive of abortion services.
“Fascism should more properly be called corporatism, since it is the merge of state and corporate power”, Benito Mussolini……
Well done Mr Trump … no wonder all the corrupt sleaze ball politicians were shitting themselves this man is going to expose them for the low life snakes that they are …killery would have started another war in another country and kill millions of innocent people….
Donalds agenda will be based on simple core principles…obviously that’s so he can understand them!
How many companies do you own .how many deals do you make …them that talk….talk…
He’s only been in office a day and rightly or wrongly he’s keeping true on his promises to his voters. Irish parties take note
Amazing without setting up a commission of enquiry chaired by an eminent judge…..He actually makes a decision that might be unpopular
John003. Unpopular with who.
@Brian O’Loughlin: We don’t have the executive orders in the Irish constitution to the same extent. The range of executive actions ministers can take under Ministerial order is a low narrower – hence our need to do most things by consensus, hence time taken to get anything done… Executive ability in US has its limits – the Donald will likely run out of steam for any legislation that he may need to get through Congress / Senate.
@Connor Barry:
Stop coming around here with facts Connor, there not allowed
@Connor Actually could argue that our cabinet had more power than a president….Congress can really do their own thing vote against the president even against his budget …..They don’t have a party whip system like we have….Here the government control the political parties as well as the cabinet ….. They must support the cabinet decisions
@Bejasus Bejorrah: Trump inherited his companies from his dad his “success” is down to his dad and little else…..
@Kerry Blake:
That would be spectacularly wrong, but anyway.
@Pádraig Ó Raghaill: He had a lot of help from banks…
@Clon Lad:
He had a lot of help from the tax man too, creating one of the most stunning tax deals in the history of the US.
@Pádraig Ó Raghaill: Have to agree with you on that one.Still though,he was seriously fu**ed in the early nineties,when his assets were worth way less than his debts.Being too big to fail saved him from the banks taking everything..
@Pádraig Ó Raghaill: Not really Pádraig as I don’t deal in alternative realities. I do believe that some bean counter has produced proof that if Trump had just stuck the money he inherited from his father in the bank he would be worth more now then from what he has earned from his business deals….
@Clon Lad:
That actually ‘banked’ on his brand. They in reality, thought it better to keep banking on the Trump as they were so in the red with him that thought it better to have another stab than get nothing back.
@Kerry Blake:
Think you said it all ‘some bean counter’ -
@Pádraig Ó Raghaill: Yes,that and the recession saved him..
@Kerry Blake: i think you should get the journal to factcheck …youmay be surprised ….in fact why dont you check trumps business history..you might learn not to comment on something you obviously know sfa about..
Good man, keep going, TTIP next.
@@mdmak33: Next step is to get rid of those robots that are stealing all of those jobs..
Surprised we’re even allowed to comment thejournal censorship is in full swing 3 articles in a row.
@Bhiniáimin Ó Beith: They censored me on inauguration morning;. A week before I logged in while in bed with a cuppa at 6am. I saw a tread which I decided not to bother commenting on. I saw a post which had 20 thumbs down and 33 thumps up. I decided to give a thumbs up and clicked the tab. The pointer jumped to thumbs down, but I did not click and tried about 4 times more to thumbs up. Each time the pointer jumped to thumbs down. So I posted to the commentator and logged off. A hour later the poster commented that his thumbs were been altered. Next I saw was that the thumbs were re-set to zero and it worked OK after that.
The next thing I knew was my comments would not post, they were deleted completely. I was drunk watching the inauguration as I ha friends round for the event. Next day my posts were back to normal.
This all proved the administration are rigging the posts.
The clue is… you were drunk watching the inauguration
Problem really was you mixed being Val with alcohol.
@Val Martin: Or you lie. Or are delusional. Both extremely plausible.
Considering Dame Edna and his merry band want it I’d say nice one Trump!!! We don’t want it here but of course our government won’t listen to us
@Mary Murphy: There was never any chance of us being being part of the TPP(Trans-Pacific Partnership), what with us being, you know, on island in the Atlantic…
Not really a indicator as TPP was never ratified.
Would like to see how he will renegotiate NAFTA specially as this was a Rep baby more so than a Dems baby. Also would like to see how he is gonna compete with countries like India and China on manufacturing. Doubt American citizens will work for 2 cents an hour or pay 60 bucks for a pair of socks.
I presume Richard Boyd Barrett and Luke Ming are applauding Trump. This time last year they wanted TPP ended. Its a bad deal, and if I made a product and a company claim patent rights, they can sue me in a TPP court and not an Irish court or the court of sale of the product. I could not represent myself as a lay litigant, I would have to hire a lawyer and they were set to make a fortune
@Val Martin: Well Val they might but they were talking about the TTIP not the TTP deal……
He would never stop TTIP because he is a business man and its particularly goof for business
Wonderful news re Abortion, this might go someway to limiting the genocide that is abortion and the lie that it has anything to do with woman’s rights. Woman pay the greatest price with liberal abortion rights. It is estimated that 160 million woman are missing from the worlds population due to gendercide. Abortion creates an economic incentive to kill a human life, nothing to do with rights at all. Latte Liberals refuse to engage in any debate on the issue. Trump is a disaster for the world, but on this issue he is right.
Was that your attempt to start a debate on the issue? Probably best not to insult those you wish to invite to the debate straight off the bat.
If he wants jobs back to US and wants to give us all wake up call he could band all trade with the far east as most are working in conditions that we know exist but turn a blind eye to, we stoped taking goods from south Africa not saying it was not bad, but what we support every day is a much much worse.
He could tell big corporations there’s makeing a profit and what they doing now which is no different than the days of slavery, must end it.
That the price we pay for goods is that, cause it made on the back of modern day slavery.
That if we want to live in a just world companies must reduce their profits and we must expect to pay more.
Take look at ch4 tonight 20:00hrs.
@JustMade Ireland: That’s right. We outsourced our Victorian style sweatshops and child labour to poor countries so we could have new, ever shoddier clothes every season and a flashy new smartphone whenever it gets updated.
please remove the comments space so the absolute gullible dreggs here can’t spread anymore of their verbal crap.
The “Progressives” aka Communists must be delighted they have a new champion in Billy Bunter.
Sen. Bernie Sanders (I-Vt), who campaigned hard against the Trans-Pacific Partnership in last year’s Democratic presidential primaries, praised President Trump for an executive order to officially pull the United States out of the deal.
One thing is certain. Trump has a selfish angle and a self interested commercial advantage in rejecting TPP.
As far as Trump is concerned, he is the US and the US is Trump. His self interest is indistinguishable from the national interest.
That is great news as the ‘trade’ agreement would have allowed Ireland to be sued for corporate interference if Ireland had denied a global company’s activitiy in Ireland, such as fracking.
@Paul Lane: this is not TTIP . But the trans Pacific partnership. TTP . Hopefully TTIP is next.
@Paul Lane: Ah your referring to the TTIP not the TPP which is what Trump scrapped today……
Like any deal, some international trade deals are fairer and better than others. The TTIP is a bad deal for Europe so should not be ratified, the TPP was a massive opportunity for the USA to gain back some ground on China and they’ve just blown it.
With every trade deal the US pulls out of, the Chinese will be purring over. Free Trade Agreements not only massively grow cross border trade, another key aspect is the validation and respect of Intellectual property from your trade partner. The Chinese are the worst culprits for intellectual property theft. On top of this, their own indigenous research and development in Engineering and IT has blossomed phenomenally over the last decade. A simple example of this down the line would be, Huawei making on-par or better hand sets than Apple at a much lower manufacturing cost base. Add to this import tariffs and your looking at the superior Huawei is now 40% cheaper, than it’s comparable Apple product in say New Zealand. Exports from the USA are going to shrink with every FTA they pull out of and the Chinese swoop in on.
The Chinese are being very quiet during this whole presidential fiasco, not out of fear, but out of planning the serious opportunities that lie ahead for them. Little doubt they will try swoop on the TPP (not the TTIP, please know the difference), provided they can negotiate some of their differences with Japan. This will give them free trade with Canada and Mexico, completely nullifying the advantages of the NAFTA for the USA and hurting US manufacturing and IT sales woefully. Jobs lost, lights out.
Great post. Now wait for the red thumbs from people who want alternative facts, that suit the populist narrative
You can’t make this stuff up Ross. BBC article 10 hours after my comment that Australia and New Zealand plan on pushing through TPP and that China have declared their interest in joining in. Are these countries using my comments on The Journal for economic planning or simple common sense in relation to evolving and progressive 21st century trade? I think we need alternative facts to really get to the bottom of this. Australia and New Zealand to pursue ‘TPP 12 minus one’ – http://www.bbc.co.uk/news/business-38725807
moron.
Gutting TPP is a massive geopolitical blunder for America. TPP will limp on without the states and China will swoop in and set the terms. The US has just given away the ability to set the rules for Asian economics for decades. Such a stupid move, it only makes China stronger and even more competitive. They’re probably popping champagne in Beijing.
@Seán J. Troy: Nail->Head. With every trade deal the US pulls out of, the Chinese will be purring over. Free Trade Agreements not only massively grow cross border trade, another key aspect is the validation and respect of Intellectual property from your trade partner. The Chinese are the worst culprits for intellectual property theft. On top of this, their own indigenous research and development in Engineering and IT has blossomed phenomenally over the last decade. A simple example of this is down the line would be, Huawei making on-par or better hand sets than Apple at a much lower manufacturing cost base. Add to this import tariffs and your looking at the superior Huawei is now 40% cheaper, than it’s comparable Apple product in say New Zealand. Exports from the USA are going to shrink with every FTA they pull out of and the Chinese swoop in on.
The Chinese are being very quiet during this whole presidential fiasco, not out of fear, but out of planning the serious opportunities that lie ahead for them. Little doubt they will try swoop on the TPP (not the TTIP, please know the difference), provided they can negotiate some of their differences with Japan. This will give them free trade with Canada and Mexico, completely nullifying the advantages of the NAFTA for the USA and hurting US manufacturing and IT sales woefully. Jobs lost, lights out.
To be replaced with the TPP (Trump Personal Partnership)!!!
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