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)
- Yoon, doctors set to clash over medical school quota
- UNC members renew commitment against any NK armed attack
- Why Suneung is always on a Thursday
- Seoul shares open higher on Wall Street gains
- [Contribution] Why hope matters in climate crisis
- Stray Kids to perform at 2023 Billboard Music Awards
- Animal shelter busted for killing and burying hundreds of pets
- Korean chip giant chiefs to travel to Netherlands with president
- S. Korea set to open largest
- Posco vows to foster startups, regional economies
- Bill pushed to let South Korea list Hamas as foreign terrorist before UN
- Seoul shares close higher as US inflation softens
- S. Korea set to open largest
- Congressional panel official stresses space
- Seoul subway on verge of strike
- Prix Medicis winning Han Kang wants next novel to be like 'spring'
- [KH explains] Chinese battery makers gobbling up Korean rivals’ European market share
- SK to create world's first advanced plastic recycling cluster, breaks ground in Ulsan
- Ruling party chief clings on after election loss
- South Korea's Yoon will warn APEC leaders about the risks of a Russia
- "KTX 꼭 타보고 싶다" 했던 김정은 "만족한 합의"…뭐길래 views+
- [이번 주 리뷰]美 Fed 기준금리 동결…이재명 체포동의안 가결(18~23일) views+
- 합의문도 없는 희한한 북·러 정상회담…결국 비즈니스 관계였나 views+
- Incheon Airport passenger traffic to recover during Chuseok holiday views+
- 한동훈, 체포안 설명 8분 넘기자…“짧게 합시다” “왜 이리 시끄럽냐” views+
- FSS issues advisories to fisheries cooperatives federation for W50b investment loss views+
- 야당 29명 반란, 이재명 방탄 뚫렸다 views+
- 문재인 "부동산 정책, 초유 상황에 실책…신뢰 잃어 뼈아프다" views+
- Chief justice seat at top court left vacant amid Assembly chaos views+
- S. Korean women dominate recurve archery at Asian Games views+