President Donald Trump is acting fast on a number of trade deals he’s accused have, or will fleece the American public.Just hours ago it was reported that Trump is “expected to sign an executive order as early as Monday to renegotiate” the North American Free Trade Agreement (NAFTA) with Canada and Mexico” by NBC News’ Kristen Welker. This came after Trump said he would renegotiate NAFTA yesterday, and that he’ll be meeting with Canadian Prime Minister Justin Trudeau and Mexican President Enrique Pena Nieto to begin discussions.
Next on the chopping block is the Trans-Pacific Partnership, which Trump is backing out of entirely. As Fox News reported: President Trump is set to kick off his first full ‘work day’ in the White House by signing an executive order withdrawing the United States from a controversial Pacific-nation trade deal, Fox News is told.The president is expected to sign an order taking the U.S. out of the Trans Pacific Partnership agreement, which he railed against during the campaign and which Hillary Clinton previously supported before distancing herself from the deal.
The executive order, and possibly others, are being signed after a weekend of introductory meetings and perfunctory duties marking the transfer of power. Trump has said he considers Monday his first real day in the office.
If enacted, the TPP would’ve been the Obama presidency’s signature trade deal. The undoing of Obama’s legacy is beginning when it comes to Obama’s legacy on regulation, wasteful spending, healthcare and trade. Next up: immigration.[Note: This post was authored by Matt Palumbo. Follow him on Twitter @MattPalumbo12]