Trump signs order withdrawing US from TransPacific Partnership

President Donald Trump, on his third day in the White House, signed an order Monday cancelling US agreement to the TransPacific Partnership trade deal with Asia, symbolizing his full intention to renegotiating America’s global trade relations as per his campaign pledge. DEBKAfile: Withdrawal from the TPP amounts an economic challenge to China, which he has accused of conducting economic warfare on the US. Beijing may be expected to retaliate. Trump is now expected to follow up on this action by reopening trade deals with Mexico and Canada and penalizing US companies relocating their production to foreign soil.