Description: The memorandum immediately withdraws the United States as a signatory to the Trans-Pacific Partnership (TPP) and directs permanent withdrawal from TPP negotiations. The memorandum instructs the U.S. Trade Representative to pursue, wherever possible, bilateral trade negotiations.
Fair Economy Impact: It is critical to a fair economy that trade agreements include meaningful and enforceable worker protections. Further, it is critical for trade agreements to stop intentionally eroding protections for American workers’ wages and jobs while simultaneously providing explicit protections for corporate profits. Going forward, there is no reason to think, however, that a renewed focus on bilateral agreements will be better for American workers if those new agreements do not contain protections for workers.
- Issued January 23, 2017