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)
-
American investigated for ‘teeth grinding’ graffiti across YongsanNorth notifies of satellite launch amid concerns[Herald Interview] Food trade chief confident of winning official recognition of Kimchi Day in USSeoul shares open lower on Fed minutes, Nvidia resultsKB chief vows to nurture AI talentsHyundai opens innovation center in SingaporeKorea, UK will unite for IndoT1, Faker unrivaled at 2023 LoL World ChampionshipTax refund limit to be doubled for touristsBTS’ V, actor Yoo Seung
下一篇:Gangnam teen investigated for assaulting deliveryman with golf club
- ·[Korea Beyond Korea] Korean studies in Turkey grows on foundation of strong relations
- ·Mnet’s ‘Street Dance Girls Fighter 2’ targets global audience with multinational teen dancers
- ·Yoon heads to UK for state visit, eyes deeper security relations
- ·[Today’s K
- ·Hyundai Motor to halt Asan factory in Korea for EV factory construction
- ·Oman celebrates 53rd National Day, calls Korea reliable ally
- ·Hyundai opens innovation center in Singapore
- ·T1, Faker unrivaled at 2023 LoL World Championship
- ·Hyundai Motor chief named automotive industry leader of 2023
- ·[From the Scene] Hyundai Motor looks into future of auto production in Singapore
- ·Abandoned dog with note and heart sparks anger
- ·Prosecutors seek 30
- ·Hyundai Motor chief named automotive industry leader of 2023
- ·Number of youth addicted to online gambling rises
- ·Mnet’s ‘Street Dance Girls Fighter 2’ targets global audience with multinational teen dancers
- ·Cemeteries, columbariums reinvent themselves as sanctuaries for the living
- ·[이번 주 리뷰]北,군사위성 발사…정부 온라인 장애속출(20~25일)
- ·Suneung might not see perfect scorer for first time in 13 years
- ·Hyundai opens innovation center in Singapore
- ·What phrase do you want to hear most from your partner?
- ·Korea to start hiring E
- ·N. Korea makes 3rd spy satellite launch attempt
- ·S. Korean literary giant Jo Jung
- ·BTS’ V, actor Yoo Seung
- ·尹, 과학기술자문회의와 오찬 “예타 간소화·예산집행 유연화 필요”
- ·Cemeteries, columbariums reinvent themselves as sanctuaries for the living
- ·Business groups condemn labor union immunity bill
- ·Seoul Metropolitan Traditional Orchestra meets electronic beats
- ·Music director, composer Jung Jae
- ·LG companies hint at grand promotions to celebrate Twins' big win
- ·S. Korea, US defense chiefs discuss 'tailored deterrence strategy' on N. Korea
- ·9·19 합의 취약점 '대북 감시' 공백, 미국 위성으로 메운다
- ·Seoul hosts ICC seminar highlighting role of Asia
- ·Seoul mayor to consider street festivities for LG Twins' victory
- ·JYP to 'take K
- ·Daewoong's Nabota tops botulinum toxin exports
- ·Yoon replaces spy agency leadership
- ·[Herald Interview] VIXX highlights group’s continuity in 5th EP ‘Continuum’
- ·NIS seeking to form Asian cooperative body to counter drug crimes
- ·E. coli found in Echire butter
- ·S. Korea, AIIB discuss stronger partnership, new investment chances
- ·[From the Scene] Hyundai Motor looks into future of auto production in Singapore
- ·Suneung might not see perfect scorer for first time in 13 years
- ·More relevant than ever, closer to original musical 'Rent' returns for 9th run
- ·[Herald Interview] Nam Woo
- ·What phrase do you want to hear most from your partner?