LAS VEGAS — President Donald Trump on Friday announced plans to end U.S. involvement in the Trans-Pacific Partnership, a deal that has dominated the national debate since it was negotiated nearly a year ago.
“The TPP is a horrible, terrible deal, and I think that’s the reason why it’s going to be such a terrible deal,” Trump told reporters at the White House.
“It’s a disgrace.
I’ve said it before.
We’ll end the TPP.
We’re going to renegotiate it.
We’ve been negotiating this deal for a long time, and it’s a terrible thing.”
Trump said he has asked the leaders of countries involved in the trade pact to send a letter to Trump urging him to end the pact.
He called the agreement “a disaster.”
“The next generations of L, A, and Z will be very strong and very independent,” Trump said.
“They’re going do their own thing,” he added, citing the success of the Mexican economy.
Trump made his comments on a visit to the White, House and other major landmarks in the historic downtown district, where he has long been a vocal critic of the trade deal.
The president has repeatedly vowed to renegotiated the pact, and he made a point of mentioning it during his visit to a major public gathering in the city.
“There are going to have to be major changes to it.
I think the only reason we’re having these meetings right now is because I’m negotiating with people that are very different from myself,” Trump was quoted as saying by the Los Angeles Times.
Trump said he will sign the letter, and the administration plans to announce the changes to the pact in the coming days.
The administration is expected to announce a new trade deal for the U.N. General Assembly on May 31.
The new pact would require a number of changes to other trade deals.
The White House has indicated that it will be more open to more liberalizing the trade rules than the previous deal, which was negotiated between Canada and the United States.
Trump has frequently expressed skepticism of the current trade deal, calling it “the worst trade deal in history.”
The president and other lawmakers have complained about the TPP for years, but the trade agreement has become a flashpoint as the U,S.
and other nations have pushed for a better deal.
“It’s an amazing deal, but it’s not going to happen,” Trump has said.
“The TPP was negotiated by the previous administration.
They were very bad negotiators.
And we’re going in a different direction.
The next generation is going to win.”
Trump has also expressed skepticism about the pact as the White house and others have sought to roll back the terms.
The President has previously questioned whether the TPP would lead to better wages for American workers.
The administration has said that a stronger U.L.A. would be more competitive than a region dominated by the United Kingdom, which has an overall higher level of trade with China.