Business, Economics, Politics, Trump, US

Trump Pulls U.S. Out of Trans-Pacific Partnership

On his first full weekday in office, President Trump formally withdrew the United States from the 12-nation Trans-Pacific Partnership – Obama’s signature trade deal.

The agreement was designed to deepen economic ties between twelve countries that border the Pacific Ocean – namely, Japan, Malaysia, Vietnam, Singapore, Brunei, Australia, New Zealand, Chile, Peru, Mexico, Canada and the US.

Combined these countries represent approximately 40% of the world’s economic output.

It was hoped that the pact would lead to lower tariffs, helping to foster trade between the countries and boost economic growth. This could have potentially lead to the creation of a new single market, similar to that of the European Union.

But all of that is history now, as Trump has now fulfilled his campaign pledge to end America’s involvement in the TPP and distance itself from its Asian allies.

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Obama, Politics, Trump, US

Obama advises Trump: US presidency is not a family business

President Obama spent some time with President-Elect Trump leading up to his inauguration day, which will be held on Friday, January 20, 2017 on the West Front of the United States Capitol Building in Washington, D.C.

Obama expressed a good relationship between Trump and himself, saying that their conversations have been “cordial” and that Trump has been open to his suggestions.

One thing Obama emphasized was the difference between governing and campaigning. “The main thing that I’ve tried to transmit is that there’s a difference between governing and campaigning, so that what he has to appreciate is as soon as you walk into this office after you’ve been sworn in, you’re now in charge of the largest organization on Earth,” Obama said.

“You can’t manage it the way you would manage a family business,” Obama said. “You have to have a strong team around you. You have to respect for institutions and the process to make good decisions because you are inherently reliant on other folks.”

See the full story at ABC News.

Kim Jong-in, North Korea, Nuclear Weapons, Politics, Trump, US, War

Trump Tweets: North Korea intercontinental missile ‘won’t happen’

North Korea’s Kim Jong-in said in a televised message this past Sunday that North Korea is close to testing long-range missiles capable of carrying nuclear warheads.

US President-Elect Donald Trump responded via Twitter saying, “North Korea just stated that it is in the final stages of developing a nuclear weapon capable of reaching parts of the U.S. It won’t happen!” BBC News has the full story.