Trump vows to kill Asia trade deal being pursued by Biden if elected
Donald Trump, the frontrunner for the Republican presidential nomination, said on Saturday that he would kill off a Pacific trade pact being advanced by US President Joe Biden if he were to win the 2024 election and return to the White House.
Speaking to supporters in Iowa, Trump said he was against the regional trade deal being negotiated by the Biden administration with 13 other countries, arguing that it would hollow out US manufacturing and trigger job losses.
Talks on the trade sections of the Indo-Pacific Economic Framework, which is aimed at offering the region an alternative to China's growing trade clout, stumbled in recent days after some countries, including Vietnam and Indonesia, declined to commit to strong labor and environmental standards.
Trump, who withdrew from the Trans-Pacific Partnership trade deal that had been forged with many of the same countries after taking office in January 2017, said he would "knock out" what he referred to as "TPP Two" immediately upon taking office.
"Under the next administration... the Biden plan for 'TPP Two' will be dead on day one," Trump said at a campaign event in Fort Dodge, about 94 miles (150 km) north of Des Moines.
"It's worse than the first one, threatening to pulverize farmers and manufacturers with another massive globalist monstrosity designed to turbocharge outsourcing to Asia."
The Biden administration had hoped to finish key chapters of its IPEF trade initiative in time for this week's Asia-Pacific Economic Cooperation meeting. It has vowed to continue negotiating the ambitious deal, but election-year pressures and resistance to tough commitments from some countries make a deal unlikely, trade experts and business groups say. (Reuters-Yonhap)
(责任编辑:여행)
- YouTuber suspected of livestreaming after taking drugs
- Japan thanks S. Korea for Israel rescue effort
- 공군 수송기 급파, 한·일 220명 텔아비브 탈출
- [Coffee Klatch] Take a sip of Turkish coffee in Seoul
- Hotel chief fined for safety violation in Itaewon tragedy trial
- SK Ecoplant recycles over 6,000 tons of batteries
- S. Korea to review additional measures against N. Korea's arms transfer to Russia
- Seoul to implement alert system to manage overcrowded areas
- Hotel chief fined for safety violation in Itaewon tragedy trial
- BTS' V joined by Jimin in solo fan meeting 'Vicnic'
- Returning minister Yu In
- TXT shatters records, tops charts with 3rd LP
- School violence drops, drugs among teens surge: police
- Posco Future M achieves 100% recycling of refractory waste
- Jeju's autonomy is model for Western Sahara: Morocco
- Seoul defense exhibition aims to boost arms exports
- SK Ecoplant recycles over 6,000 tons of batteries
- Blackpink's Jennie makes solo debut on Official UK Singles Chart
- Volvo EX30 debuts in Korea
- BTS Jungkook's star
- Over half of Koreans say they won't continue jesa: survey views+
- US, China agree to work towards Biden views+
- Police slap travel ban on suspected con artist, ex views+
- Plush bag charms in high demand among young Korean women views+
- [Bills in Focus] Fighting trade theft, reinforcing depositor protection views+
- SPC Chairman's office searched over alleged unjust labor practices views+
- [Herald Interview] Hyundai Motor takes step views+
- [Herald Review] Up views+
- 신원식 “나도 육군이지만, 합참의장은 해군 시켜야” views+
- [Subway Stories] Traditional medicine's healing legacy lives on at Jegi views+