• News
  • Guides
  • Reviews
  • Media
  • About
  • News
  • Guides
  • Reviews
  • Media
  • About
Sign up Now (For Free)

Sign up for our newsletter and receive the latest automotive news in your inbox!

Invalid email address
We promise not to spam you. You can unsubscribe at any time.
Thanks for subscribing!
News
Read Now
  • All News
  • Automakers
  • Automobiles
  • Auto Shows
  • Business
  • EVs & Environment
  • Guides
  • Lawsuits/Legal
  • Regulatory
  • Ride-Sharing
  • Safety & Recalls
  • Technology
Recent
  • What do Americans Think of EV Ownership Today?
  • Challenger Fain Edges Closer to UAW Presidency
  • Week Ahead: All About the Cars — Except for the UAW Part
  • The Rearview Mirror: Birth of a Sports Car Legend
  • Federal Infrastructure Law Funds Safe Streets 4 All
  • Hagerty Takes Expensive Hit from Hurricane, But Posts Profit
  • New Headaches for VinFast as Three Senior Sales Execs Leave EV Startup
  • Mazda Appoints Moro New CEO
  • Motor Vehicle Deaths Dropped 2% in 2022
  • EV Owner Satisfaction with Home Charging Declining
Editor’s Choice
    Reviews
    Read Now
    • All Reviews
      • Feeder
    • Classic Cars
    • Concept Cars
    • Convertibles
    • Coupes
    • Crossovers/CUVs
    • Diesel
    • Hot hatches
    • Hybrids
    • Luxury Vehicles
    • Minivans
    • Muscle Cars
    • Pickups
    • Sedans
    • Sports Cars
    • Super Cars
    • SUVs
    Recent Reviews
    • First Drive: 2023 Nissan Ariya e-4orce AWD
    • A Week With: 2023 Jeep Compass Limited
    • A Week With: 2023 Cadillac Escalade V-Series
    • A Week With: 2023 Volvo XC40 AWD Ultimate
    • First Drive: 2024 Subaru Crosstrek
    • First Drive: 2023 Lexus RZ 450e
    • A Week With: 2023 Toyota GR Supra 3.0 Manual
    • First Impression: 2024 Volkswagen ID.Buzz
    • A Week With: 2023 Chevrolet Blazer RS AWD
    • A Week With: 2023 Toyota Sienna XSE AWD
    Editor’s Choice
      Guides
      Car Warranty
      • Endurance Warranty Reviews
      • BMW Extended Warranty
      • Extended Warranty For Cars Over 100k Miles
      • Extended Car Warranty Cost
      • Subaru Extended Warranty
      • CarShield Reviews
      • CarShield Cost
      • Aftermarket Car Warranty
      • CARCHEX Warranty Reviews
      • Reputable Extended Car Warranty Companies
      • Used Car Warranty Companies
      • Best Car Warranty
      • Is CarShield A Scam?
      • Mercedes Extended Warranty
      • CarShield Plans
      Insurance
      • How To Identify A Car Insurance Company
      • Geico Mechanical Breakdown Insurance
      • How Far Back Does A Car Insurance Company Look
      • Mechanical Breakdown Insurance For Used Cars
      • State Farm Mechanical Breakdown Insurance
      • Mechanical Breakdown Insurance From Progressive
      • Dollar A Day Insurance
      • Auto Insurance For SSI Recipients
      • Car Insurance Rates After A Suspended License
      • Auto Insurance For Salvage Vehicles
      • Average Cost of Dodge Ram 1500 Car Insurance
      • Car Insurance Florida
      • Full Coverage Auto Insurance
      • GrubHub Insurance
      • Amazon Delivery Auto Insurance
      Shipping
      • Car Shipping Companies
      • uShip Reviews
      • Auto Shipping From California To Hawaii
      • Montway Auto Transport Reviews
      • Cheap Car Shipping
      • Easy Auto Ship Reviews
      • Auto Shipping Miami
      • Auto Shipping To Alaska
      • Car Shipping Cost
      • Auto Shipping Hawaii
      • Auto Shipping Puerto Rico
      • Sherpa Auto Transport Reviews
      • Auto Shipping Atlanta
      • Auto Shipping Boston
      • Auto Shipping. Chicago
      About
      • About Us
      • Contact Us
      • Terms of Use
      • Privacy Policy
      • Affiliate Disclosure
      • Sitemap
      TheDetroitBureau.com

      More than just “another” place to find news, reviews, spy shots, commentary, features, and guides about the auto industry. TheDetroitBureau doesn’t stop with the press releases or confuse a few lines of opinion with insightful, in-depth reporting.

      Contact Us

      Like what you see? Have some ideas for making The Detroit Bureau.com even better? Let us know, we’d love to hear your voice.

        Media
        Listen Now
        • Headlight News: All Episodes
        More from TheDetroitBureau
        • Guides
        • Latest News
        • Auto Reviews
        • Podcasts
        Headlight News

        TheDetroitBureau.com’s Headlight News offers a look at the past week’s top automotive news stories, as well as what’s coming up in the week ahead. Check out the week’s top story and our latest review…along with a dive into the past with this week in automotive history.

        home > news > Automobiles > As Promised, Trump Scuttles Trans-Pacific Partnership Deal

        As Promised, Trump Scuttles Trans-Pacific Partnership Deal

        Move likely to make Ford executives happy.

        Joseph Szczesny
        Joseph Szczesny , Executive Editor
        Jan. 23, 2017
        President Trump signed an executive order today ending the country's potential participation the Trans-Pacific trade deal.

        President Donald Trump signed an executive order announcing his plan to withdraw the U.S. from the Trans-Pacific Partnership trade negotiations, which effectively kills one of the few Obama administration proposals backed by Republican Congress.

        Trump also re-iterated his plans to re-negotiate the North American Free Trade Agreement. Both moves indicate Trump views his stance on ending support for free trade as one of the most popular elements of Presidential program.

        Political News!

        It also shores up his support among perhaps the most restless part of his blue-collar base, workers in manufacturing industries in the Rust Belt states. 

        Trump promised to abandon the Pacific Rim trade deal early in his administration. Bernie Sanders also attacked TPP while Hillary Clinton promised to review the agreement to insure it did not lead to an exodus of jobs from the U.S. TPP never came up for vote in Congress despite bipartisan support for the pact.

        (President Trump jumps on NAFTA before inaugural speech ends. For more, Click Here.)

        The order killing TPP is also offered Trump an opportunity to pay back the Ford Motor Co. for its Trump-friendly announcement at the beginning of January when the automaker said it would kill plans for a $1.6-billion assembly plant in Mexico and create 700 jobs in suburban Detroit to develop a base for building electric vehicles and self-driving cars.

        Ford had been a major critic of TPP, which the company said did not go anywhere near far enough in curbing currency manipulation by the Japanese.

        “We’ve been talking about this for a long time,” Trump said after signing the order in the Oval Office, adding that leaving the 12-nation pact is a “great thing for the American worker.”

        President Barack Obama argued that the TPP, which would have created a broad trading area throughout the Pacific Region, stretching from Southeast Asia to Latin America that could help deter the expansion of China’s economic influence around the Pacific Basin, which is the fastest growing part of the global economy.

        President Donald Trump didn't waste any time jumping into governing, issuing a call to renegotiate NAFTA before his inaugural speech ended.

        The TPP also would have excluded North Korea and Vladimir Putin’s Russian Federation.

        (Trump threatens Canada, Mexico, with new border tariffs. Click Here for the story.)

        The opening of discussions on changing the terms of NAFTA, another of Trump’s trade initiatives, is also expected during the new President’s first 100 days in office.

        “After 23 years, renegotiating NAFTA is not inherently bad. It all depends on changes made and any timelines that are applied. Immediate applications of tariffs would be damaging to all parties,” noted Rebecca Lindland, an analyst for Kelley Blue Book.

        “Tariffs imposed over time would potentially be less so. Incentives to build new plants in the U.S. also play a role in offsetting investment costs or other expenses created by changes to NAFTA. There are a lot of moving parts here and a lot of uncertainty.”

        Lindland, however, said the potential for unintended consequences is huge.

        “At the end of the day, though, Trump and his many of advisors are successful business people. Having them begin a review of NAFTA does not necessarily spell doomsday for the auto industry,” she said.

        (Scrubbing NAFTA could cost 30,000 jobs, study finds. Click Here for the story.)

        Trump is also expected to announce the opening of some kind of discussions on trade with Great Britain, pending the United Kingdom’s exit from the European Union when British Prime Minister Theresa May visits Washington D. C. this week.

        How to Care for Your Car

        Cheap Car Warranty

        Editor's Choice

        Best Extended Car Warranty

        Editor's Choice
        Recently Published
        2023 Lexus RZ 450e - charging REL

        What do Americans Think of EV Ownership Today?

        Today
        2023 Nissan Ariya

        Week Ahead: All About the Cars — Except for the UAW Part

        Today

        The Rearview Mirror: Birth of a Sports Car Legend

        March 18, 2023

        2 responses to “As Promised, Trump Scuttles Trans-Pacific Partnership Deal”

        1. Dave says:
          January 24, 2017 at 7:08 am

          Great.

          Reply
        2. JAE says:
          January 25, 2017 at 2:09 pm

          Hmmm.

          Reply

        Leave a Reply Cancel reply

        Your email address will not be published. Required fields are marked *

        Share this article:
        © The Detroit Bureau 2023
        • Guides
        • Privacy Policy
        • Terms of Use
        • Affiliate Disclosure
        • Contact Us
        • Sitemap
        Follow Us: