(MENAFN) On Monday, the US President Donald Trump had officially withdrew US from the Trans-Pacific Partnership trade deal, distancing America from its Asian allies.
After he said he will boost US manufacturing, Trump said he would seek one-on-one trade deals with countries that would allow the US to terminate them in 30 days.
The Republican president said as he met with union leaders in the White House's Roosevelt Room: "We're going to stop the ridiculous trade deals that have taken everybody out of our country and taken companies out of our country."
Earlier, Obama had framed TPP which excluded China, as an effort to write Asia's trade rules, establishing US economic leadership in the region as part of his "pivot to Asia."
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